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Healthcare & Fitness

This Month

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Hospitals says insurance premium hikes will not fix funding crisis

Private hospital operators also call for changes to the way in which the funding insurers contribute to the healthcare system is calculated.

  • Michael Smith
Health Minister Mark Butler is responsible for signing off on the politically sensitive decision of a health insurance premium rise.

Health insurers ask for big premium rise in new headache for Labor

Major funds have kicked off negotiations with the Health Department, and concede the rise they want creates a “very difficult situation” for Anthony Albanese.

  • Michael Smith
Louise Emmett, the head of nuclear medicine at St Vincent’s Hospital in Sydney.

Big pharma takes on doctors over homebrew cancer treatments

Australia’s top nuclear physicians say their patients will die earlier and in more pain if they are forced to stop making more affordable alternatives.

  • Michael Smith
Double act: I-MED chief executive Shrey Viranna and his chairman, George Savvides, oversee one of the biggest privately owned health businesses in Australia.

Two bidders through to I-MED next phase; final bids due November 29

Street Talk understands Bain Capital and Macquarie Asset Management and jostling for the $4 billion radiology giant.

  • Sarah Thompson, Kanika Sood and Emma Rapaport
Thin and muscular; ballet dancers train for years and now the fashionable are looking for surgical shortcuts to the enviable physical form.

Plastic surgeons say the ‘ballet body’ is in. Here’s what that means.

Fuelled by the rise of the blockbuster drugs Ozempic and Wegovy, thinness is making a comeback.

  • Frances Vinall
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Navis Capital’s Philip Latham.

Navis Capital prepares $1b-plus exit at Device Technologies

Latham is expected to use a successful exit of Device - which would also mark Navis Capital’s largest deal ever in Australia – to underpin the billion-dollar raise for his ninth fund in 2025. 

  • Sarah Thompson, Kanika Sood and Emma Rapaport
Victorian businessman Bruce Dixon.

Animal spirits: sponsors, trade stalk Apiam Animal Health

Sources said Vizard has fielded a handful of non-binding, indicative proposals this year, including from EQT, Quadrant and a trade player out of Canada.

  • Sarah Thompson, Kanika Sood and Emma Rapaport
TPG boss Joel Thickins is progressing the firm’s planned sale of Novotech.

Indicative offers land for TPG’s golden child, the $4b CRO Novotech

At least three credible players have come forward with first-round offers for Novotech, but that doesn’t mean the business has succeeded in seducing every dealmaker in town.

  • Sarah Thompson, Kanika Sood and Emma Rapaport

The start-up revolutionising male fertility tests

A home testing kit for men helps avoid the inconvenience and embarrassment of trips to IVF clinics.

  • Michael Smith

Weight loss wars: a century on, the battle heats up

America’s Eli Lilly is locked in a fight with Denmark’s Novo Nordisk to control the weight loss market. One product could hold the key.

  • Oliver Barnes
Wesfarmers Health managing director Emily Amos says Australians are sicker than they were before the pandemic.

Wesfarmers says health division booming as Australians get sicker

The boss of Wesfarmer’s Health division says demand for digital services is increasing.

  • Michael Smith
Surgeons and other specialists say private hospitals urgently need government help.

Fund private hospitals or risk patient safety: surgeons

Surgeons and other medical specialists say the government must help bail out private hospitals and reform the way insurers fund the system.

  • Michael Smith
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Saving Amy: how a DNA test identified cancer risk

Like other women in her family, Amy Soulsby was diagnosed with an aggressive form of breast cancer. Her only regret is that she didn’t do the genome test earlier.

  • Michael Smith
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The plan to save Australian lives with nationwide DNA screening

An ambitious vision to introduce mass genetic testing to the entire Australian adult population is being hailed as a solution to the country’s healthcare crisis. But can the health system cope?

  • Michael Smith
NIB Holdings chief executive Mark Fitzgibbon is facing more competition as customers tighten their belts.

Health insurers have landed in a world of pain, political or otherwise

They’re under fire from parliamentarians and hospitals for making too much profit, and yet are caught in a customer land grab that is shaving away profits.

  • Michael Smith
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Demi Moore as Elisabeth Sparkle, a TV exercise show presenter deemed past it by her station boss (Dennis Quaid), in “The Substance”.

Like it or not, you’re already being cloned

We’re not all as photogenic as Demi Moore, but genetic data-doubles are becoming par for the course.

  • Simon Ings
Navis Capital’s Philip Latham.

Navis Capital’s Device Tech stocks up M&A war chest

Street Talk understands Device Tech’s lenders have blessed the pan-Asian buyout firm’s decision to raise $150 million in fresh debt to fund M&A.

  • Sarah Thompson, Kanika Sood and Emma Rapaport
The ACCC has delayed its decision on Sigma Healthcare’s $8.8 billion merger with Chemist Warehouse until November.

Sigma shares surge as it offers concessions for Chemist Warehouse deal

The pharmacy retailer and wholesaler says its franchisees will be allowed to leave without being penalised if it secures the $8.8 billion merger.

  • Updated
  • Michael Smith
Chief executive Mick Farrell says earnings growth will outstrip revenue growth for the next five years.

ResMed projects high single-digit revenue growth until 2030

The sleep devices giant expects revenue to grow in the high single-digits for the next five years as it deflects the Ozempic effect.

  • Michael Smith

September

Genesis Capital lobbed a $300 million bid for dental operator Pacific Smiles earlier this month.

Pacific Smiles board set to reject Genesis’ $300m bid

Street Talk understands the dental chain’s board will reject Genesis’ $1.90 per share bid later today.

  • Sarah Thompson, Kanika Sood, e and Emma Rapaport