Business and assets comprising Newstead Medical and Kings Meadows Medical Centre

Ochre Health - Newstead Medical and Kings Meadows Medical Centre, TAS

Ochre Health Pty Limited (Ochre Health) proposes to acquire the business and all of the assets of Newstead Medical (including the co-located Urgent Care Centre) and Kings Meadows Medical Centre (Newstead and Kings Meadows clinics) through a business and assets acquisition agreement (the Acquisition). The acquirer, Ochre Health, supports independent doctors to provide general practice medical services in regional, rural and urban communities around Australia. Ochre Health currently operates 68 medical centres and urgent care clinics located in the ACT, NSW, Queensland, Tasmania and Victoria, but currently does not operate any medical centres or urgent care clinics within 40km of Launceston, Tasmania. Ochre Health Group’s medical recruitment business, Ochre Recruitment, also works with hospitals and medical practices across Australia and NZ to source and place locum and permanent doctors across a range of specialities. Ochre Health is majority owned and controlled by Genesis Capital (Genesis), an Australian-based private equity firm that invests in businesses operating in the healthcare sector. The Newstead and Kings Meadows clinics provide general practice medical services from their respective premises in Launceston, Tasmania. A private urgent care centre is co-located within the Newstead clinic for treatment of non-life-threatening urgent medical presentations. The Newstead and Kings Meadows clinics are currently owned and operated by general practitioners Andrew Fair, Daniel Kirk, and Toby Gardner in partnership as the Newmed Group and the trustees of their family trusts in partnership as Newstead Health Nexus.