Lander & Rogers has advised Medibank on the acquisition of Home Support Services (HSS). HSS is one of Australia's leading national providers of in-home care, delivering more than 100,000 occasions of care every year to patients.
This is the second acquisition for Medibank in the in-home care sector and follows the acquisition of HealthStrong in 2017, in which Lander & Rogers also acted for Medibank. This is a strategic focus for Medibank as they continue to seek other opportunities in this sector to provide customers with greater choice and flexibility.
This deal involved a significant restructure of the Vendor group prior to completion, which brought with it several legal issues to work through and the negotiation of additional transaction documents.
Lander & Rogers provided a full service offering to Medibank throughout the life of this transaction. The firm provided legal advice on matters relating to due diligence, the transaction documents, and completion.
Lander & Rogers M&A partner and practice group leader, Jackie Solakovski, explains, "We are delighted to have again worked with the Medibank team in its second acquisition in the in-home care sector. It is great to have partnered with Medibank as they make this strategic acquisition in this important area of growth, which will offer customers more choice in where they receive medical care".
333 Capital and KPMG were the corporate and financial/tax advisors to Medibank respectively. HWL Ebsworth and Deloitte advised the Vendor.
About Lander & Rogers
Lander & Rogers is a leading independent Australian law firm operating nationally from Sydney, Melbourne, and Brisbane. We are proud to be the trusted advisor to many publicly listed and private Australian and global companies, Australian subsidiaries of global companies as well as all levels of government.
We have nearly 500 staff nationally, seven broad areas of practice, and we cover a diverse range of industry sectors, with a core focus on financial services, insurance, government, real estate and retail and supply chain.
Our firm believes that legal services are much more than just the law — they are about great people, sustained excellence and exceptional client service. We have a reputation in the legal market as a provider of premium legal services and as a sought after employer. We are renowned in Australia for our down-to-earth and friendly workplace culture.
Medibank is a leading private health insurer, with 40 years of experience delivering better health to more than 3.7 million Australians. Medibank provides private health insurance and a range of health services in Australia including mental health support, preventative and better integrated primary care, after-hours health support, and healthcare for the 60,000 permanent and 20,000 reservist uniformed Australian Defence Force personnel.
Medibank Private Limited is listed on the Australian Securities Exchange (ASX: MPL) and is headquartered in Melbourne.
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