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NIB Holdings Notes Honeysuckle Health and Buying Group Authorised with Condition

21 Sep 2021  |  10:15:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: AXX: Honeysuckle Health, nib group authorised with condition

NIB Holdings noted that the ACCC has authorised Honeysuckle Health and nib Health Funds (ASX: NHF) to form and operate a health services buying group. The authorisation has been granted with a condition that major insurers Medibank, Bupa, HCF and HBF in WA not be allowed to join the buying group. The ACCC has also only granted authorisation for five years, rather than the 10 years sought by Honeysuckle Health and nib, to facilitate a review of the effects of the authorisation at an earlier time, if reauthorisation is sought.

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