‘Short-stay, no-gap’: Medibank cements new surgical facility
National law firm Corrs Chambers Westgarth has advised Medibank on the establishment of joint venture to develop a short-stay, no-gap surgical facility based in Kew, Melbourne.
Firm: Corrs Chambers Westgarth (Medibank).
Deal: Medibank has entered into a joint venture alongside 42 specialist doctors to develop what’s being described as a new “short-stay, no-gap” surgical facility.
Area: Corporate, property and real estate.
Key players: The legal team advising Medibank included Corrs Chambers Westgarth partners Sandy Mak and Shabarika Ajitkumar (corporate), Nathaniel Popelianski (property and real estate), Mark McCowan (competition) and Helen Clarke (intellectual property).
Deal significance: The new facility is set to be located in Kew, Melbourne.
According to a statement from Corrs Chambers Westgarth, the investment in the development of a new short-stay surgical facility “will extend the no-gap treatment model for eligible patients and reinforces Medibank’s ongoing commitment to supporting healthcare providers to improve patient experience and ensuring the affordability of the private healthcare system in Australia”.
Commenting further on the matter, Corrs partner Ms Ajitkumar said: “We are delighted to have worked with Medibank on this strategic investment. It recognises Medibank’s continued commitment to delivering innovative new models of care that are patient-centric and provide patients with greater choice in how their care is delivered.”
Ms Mak, head of the Corrs corporate/M&A team, added: “It was a privilege to have acted for Medibank on another key strategic transaction. It was once again a great team effort with multiple practice groups from across Corrs contributing to a successful outcome for the client.”