Medibank Private Limited MPL.ASX

Medibank Private Limited is an integrated healthcare company that provides private health insurance and health solutions within Australia. Founded in 1976, the company is based in Docklands, Australia.

Medibank Private Limited operates its business through two segments: Health Insurance and Medibank Health. Through its Health Insurance segment, the company offers private health insurance products, which includes coverage for hospital treatments and ancillary benefits, which includes coverage for a range of healthcare services, such as physiotherapy, dental and optical. Health insurance products are also available to overseas students and visitors through this segment. Through its Medibank Health segment, the company provides health management and in-home care services, in addition to telehealth services to corporate and government clients. Additionally, this segment distributes life, travel and pet insurance products.

In February 2021, Medibank announced plans to acquire a 33.4% economic interest in Myhealth Medical Group, a leading operator of private clinics, in a cash deal for $63m. The deal was expected to close in March 2021. Available on the Australian Securities Exchange, Medibank stock is listed under the ticker MPL.

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