In a team led by Partner, Emma Cook, Thomson Geer advised InterHealthcare (IHC) in its acquisition of multiple allied health businesses and service providers. IHC's goal is to create a national network of allied health businesses, operating across the various sub-sectors which are largely funded by extras cover in private health insurance policies, in what is currently a fragmented industry.
Private equity firm Next Capital has committed $100 milllion to help fund IHC's acquisition-led growth strategy, and will have a 50.1 per cent stake in the business, with IHC management retaining the other 49.9 per cent.
The vision of IHC and Next Capital is to be Australia's leading multi-disciplinary allied health service provider by mid-2020, with 70 clinics expected to be on board by end March.