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nib 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.