Acquirer(s)

  • Icon Group

Target(s)

  • a lease at St John of God Geelong Hospital in Victoria

Summary

The Icon Group (Icon Group) proposes to acquire a lease to establish a new radiation oncology clinic at the St John of God Geelong Hospital in Victoria.

Icon is a large provider of cancer care services. In Australia, Icon provides radiation oncology services, pharmaceutical compounding services, pharmacy management services and clinical cancer trials. Icon operates radiation oncology clinics in all states of Australia and the ACT.

St John of God Geelong Hospital is part of St John of God Health Care, one of the largest Catholic providers of health care services in Australia.

Competition analysis

The ACCC published a Statement of Issues outlining preliminary competition concerns in relation to the proposed acquisition. 

On 21 June 2024, the ACCC discontinued its public review after Icon advised that the proposed acquisition would not be proceeding. 

Timeline

Date Event

ACCC commenced informal review under the Informal Merger Review Process Guidelines.

ACCC published a Statement of Issues outlining preliminary competition concerns.

ACCC discontinued its public review after Icon advised that the proposed acquisition would not be proceeding.