nib health funds celebrated its 50 year anniversary.
nib acquired Victorian based health fund IOOF Health Services.

 2004   

For the first time the health fund provided cover for more than 600,000 Australians.

Newcastle Private Hospital, owned and developed by nib health funds, opened its doors in April. The facility complemented the existing nib Private Hospital.

nib outsourced the operations of the nib Dental Centres to Hunter-based dental service providers and facilities manager, Pacific Smiles Group.

nib launches a new product portfolio. The new range of products further enhances nib’s strategic position as a provider of affordable health cover.

nib negotiated the sale of Newcastle Private Hospital to Healthscope, Australia’s largest operators of private hospitals.

nib invests in its first major interstate sponsorship, becoming the naming rights sponsor of the nib Lorne Pier to Pub ocean swim on the Victorian holiday coast.

nib outsourced the operations of the nib Eye Care Centres to Hunter-based Pacific Optical Group.

nib launches a major marketing and brand awareness campaign targeting national policyholder growth in key target demographics.

nib Board votes in favour of demutualising and pursuing listing the health fund on the Australian Securities Exchange (ASX). nib becomes Australia’s first private health insurer to demutualise and list on the ASX.

Construction begins on nib’s new national head office building at Honeysuckle on the Newcastle Harbour Foreshore. The new state-of-the-art building will feature efficient operational workspaces that will meet the ongoing needs of a growing national organisation.

nib relocates to the new head office building in December. The new state-of-the-art building features efficient operational workspaces that meets the ongoing needs of a growing national organisation.

Prime Minister, Kevin Rudd officially launches the nib foundation – a not-for-profit charitable organisation to support programs aimed at improving the health and wellbeing of all Australians.

The foundation is funded by a $25 million donation from nib, which was raised through the issue of new shares at the time of listing nib on the ASX in November 2007

nib has enters a strategic alliance with one of Australia’s largest financial institutions, National Australia Bank (NAB), with the aim of further growing nib’s national customer base.

Launched on 1 April 2009, the product offering known as ‘Value Health Insurance’ involves the NAB promoting nib’s existing retail health insurance products to its three million Australian-based customers.

nib provides affordable health cover to more than 700,000 customers nationwide. Sound investment in marketing and advertising coupled with strategic initiatives to increase brand awareness have contributed to nib becoming one of Australia’s fastest growing health funds.

The nib foundation announces its first National Partnership with the Hunter Institute of Mental Health to provide mental health support programs across Australia. Since October 2008, the nib foundation has allocated $1.3 million in funding of health and wellbeing initiatives.

Artist impression of the new nib national head office

nib’s first interstate sponsorship of the Victorian nib Lorne Pier to Pub swim.