Medibank acquires corporate health provider Pinnacle

Medibank is set to acquire corporate health and wellbeing provider Pinnacle Health Group.

Founded in 2010 by physiotherapists Tom Bosna and Josh Lambert, Pinnacle Health Group has over 200 corporate clients across Australia. With a national network of health practitioners, the group delivers a wide range of services including skin cancer checks, employee health assessments, onsite physiotherapy, ergonomic assessments, and more.

Pinnacle Health Founder and CEO Tom Bosna emphasised the critical role workplaces play in fostering healthy behaviours among employees. “We started Pinnacle because we recognised that it can be challenging for people working in Australia to prioritise their wellbeing amidst busy schedules,” Bosna said.

“Our programs are designed to integrate seamlessly into the workplace environment, supporting employees in achieving their health goals.”

Following the acquisition, the services of Pinnacle Health Group will be offered by Medibank as part of its corporate health and wellbeing offering.

“We are looking forward to welcoming the Pinnacle Health team into the Medibank family. We have enjoyed getting to know Tom, Josh and the team and are impressed with the operational capability they have built,” said Medibank Group Lead Digital and Ventures Rob Deeming.

The Pinnacle team, led by the founders, will continue to manage day-to-day operations as part of Medibank’s corporate health and wellbeing team. Pinnacle currently employs 29 health professionals and head office employees.

In addition to its health insurance offering, Medibank delivers corporate health and wellbeing programs for businesses across Australia, most of whom have a corporate private health insurance package. This acquisition will see Medibank broaden its service offering, increase operational expertise and deepen its customer base.

“We are building an offering that transforms the way a company cares for its workforce, delivering healthier, more engaged employees. This acquisition of Pinnacle also reinforces Medibank’s approach to acquire and invest where we see an opportunity to accelerate our progress towards our 2030 vision,” Deeming said.

The acquisition is subject to conditions precedent.

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