Medibank and more than 40 specialist doctors have formed a joint venture to develop a new short-stay surgical facility in Melbourne.
The joint venture will give patients more choice in how their care is delivered – with a short-stay model across many surgical modalities, including extending the no-gap treatment model for eligible Medibank customers.
The group of 42 doctors will be led by respected vascular surgeon Professor Michael Grigg, and the doctors will retain full clinical autonomy at all times.
The joint venture will work with real estate investment group Centuria Healthcare which will acquire the land and develop a new facility on a site in Kew, Melbourne. The joint venture will take a long-term, 15-year lease of the new hospital.
Professor Grigg said the investing doctors will own 51% of the joint venture, with Medibank owning a 49% non-controlling stake.
“This is a significant investment in Australian healthcare. The doctors who are co-investing are committed to delivering short-stay models of care where clinically appropriate, across many surgery types, with reduced or no gaps for eligible patients,” Professor Grigg said.
“We are proud to partner with Medibank and Centuria Healthcare in this new facility where doctors will have much greater input into the operation of the hospital.
Press release by Medibank on the 16th March 2021. To read the full press release click here.