Emergency medical equipment in accident and emergency at Nambour General Hospital. Photo: Iain Curry / Sunshine Coast Daily
Emergency medical equipment in accident and emergency at Nambour General Hospital. Photo: Iain Curry / Sunshine Coast Daily Iain Curry

Medibank Private could be sold in the Coalition's first term

THE anticipated multi-billion sale of Medibank Private could take place in the Coalition government's first term.

The publicly owned insurer's managing director George Savvides has told The World Today the selloff remains a key Coalition goal.

"I think it is designed that way and certainly we will respond in a manner required to meet the expectations of the owner," Mr Savvides said.

"But I suspect it will be in the first term."

The sale speculation was ramped up as Medibank Private announced a 83.8 percent increase in full year profit to $233 million.

Read more at ABC news online.


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