nib to acquire specialist corporate private health insurer GU Health

20 September 2017

nib today announced that it has entered into an agreement to acquire specialist corporate private health insurer GU Health

GU announcement

nib holdings limited (ASX: NHF) today announced that it has entered into an agreement to acquire specialist corporate private health insurer GU Health for a total consideration of $155.5 million.

GU Health is Australia's only established specialist corporate group health insurer, servicing over 34,000 policyholders across more than 260 corporate clients. The business has operated as a wholly owned subsidiary of Australian Unity Limited since 2005.

For more information about the acquisition please visit our Shareholders website.

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