Over two years because it was first acquired, GP2U Telehealth is being offered off once more.
Its dad or mum firm, UK-based Physician Care Wherever Group, signed a share buy settlement to promote its Australian subsidiary to My Emergency Physician for A$3 million ($2 million).
The deal, which remains to be topic to shareholder approval, is anticipated to be accomplished by finish June.
WHY IT MATTERS
In a media launch, DCA mentioned it determined to promote GP2U to give attention to its core UK market. “Finishing the sale of GP2U will additional cement this technique, enabling administration to give attention to UK progress and profitability going ahead,” mentioned DCA Chairman John Stier.
“We’re additionally delighted that GP2U will turn out to be a part of such a succesful and thrilling enterprise as MED. As shareholders in MED, we’re excited to be concerned of their journey and look ahead to working with them sooner or later,” he added.
Based in 2016, MED offers acute care after hours through video and telephone throughout regional Australia. It has partnerships with over 40 healthcare providers, together with ambulances, major well being networks, residential aged care amenities, hospitals, pressing care centres and multi-purpose centres.
THE LARGER CONTEXT
Virtually a 12 months after it went public in Australia, DCA bought GP2U in September 2021 to tackle the native telehealth market amid the general public well being disaster. It aimed to help the psychological well being of Australian folks dwelling in distant and rural areas by offering on-line psychological well being providers, which GP2U largely offers by way of its Psych2U model.
