Ochre Health Pty Limited (Ochre Health) proposes to acquire the business and all of the assets of the Telegraph Road Clinic (TRC) in Bracken Ridge, Queensland, thr
Ochre Health Pty Limited (Ochre Health) proposes to acquire the business and all of the assets of the Telegraph Road Clinic (TRC) in Bracken Ridge, Queensland, through a business and assets acquisition agreement (the Acquisition).
The acquirer, Ochre Health, supports independent doctors to provide general practice medical services in regional, rural and urban communities around Australia. Ochre Health currently operates 68 medical centres and urgent care clinics located in the ACT, NSW, Queensland, Tasmania and Victoria, but currently does not operate any medical centres or urgent care clinics within 10km of TRC in Bracken Ridge, Queensland. Ochre Health Group’s medical recruitment business, Ochre Recruitment, also works with hospitals and medical practices across Australia and NZ to source and place locum and permanent doctors across a range of specialities.
Ochre Health is majority owned and controlled by Genesis Capital (Genesis), an Australian-based private equity firm that invests in businesses operating in the healthcare sector. Genesis’s investments also include Holdsworth House Medical Group (Holdsworth House), which operates a general medical practice in Fortitude Valley, Brisbane and another general medical practice in Sydney which is co-located with a medical research centre, specialist medical clinic and dentistry clinic.
The target, TRC, is a family medical practice providing comprehensive general practice medical care from its clinic located in the Bracken Ridge Plaza, Shop 26, 250 Telegraph Road, Bracken Ridge, Queensland, and home visits to nearby patients (within a 3km radius of the clinic). TRC is owned and operated by Telegraph Road Medical Services Pty Ltd as trustee for Telegraph Road Medical Services Unit Trust.
