Primary Health Care Limited provides a comprehensive range of services and facilities to general practitioners, specialists and other health care providers who conduct their own practices and businesses at its medical centres, licensed day surgeries, specialist and dental clinics. Primary Health Care centres operate throughout Australia and its formula for medical centres and services offers value to doctors and patients while providing for a relatively low cost of operation. Following the Advent syndicate’s investment of $12 million in October 1994, Primary Health Care implemented an aggressive growth plan which was followed by a strong increase in valuation multiple, leading to Primary successfully listing on the ASX in July 1998. Advent achieved an IRR of 40% over three and a half years. |
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