Company news: Primary Health Care
Primary Health Care completed the sale of its Medical Director business (medical software) for $156m. Proceeds will be used to pay down debt.
Additionally, election announcements with a bearing on Primary continue. Last week, the government announced a deal settling a dispute regarding pathology and radiology medicare funding, including measures to restrain unfair rents for collection centres.
This week, Labor announced a commitment to remove the freeze on doctor Medicare rebates - a positive for Primary if it does end up proceeding. Please note that after the election we will provide an update as to the expected government regulatory impact on Primary, depending on which party is elected.