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Healthcare & Fitness


Silk Laser Clinics CEO Martin Perelman is on the front foot in an industry that is consolidating fast.

Botox company Silk Laser buys Victoria’s Unique Laser

Investors who bought into the Silk Laser’s float are feeling the pain, but the cosmetic injections group is on the expansion path.

  • Simon Evans

This Month

Goodstart Early Learning CEO Julia Davison.

Childcare giant Goodstart boss quits top job

The chief executive of the charity-backed organisation that emerged from the wreck of ABC Learning Centres is leaving after 11 years.

  • Liam Walsh
Aggrieved franchise owners are launching an uprising against the nation’s largest laser hair clinic and botox chain.

KKR’s Laser Clinics buys dozens of unhappy franchisee operations

The private equity juggernaut has bought out dozens of clinics to try to unite the network after two years of unrest and claims of systemic price gouging.

  • Adele Ferguson
Ramsay Health Care property portfolio has been valued by sell-side analysts at about $8 billion.

Ramsay considers European spin-off, adds Goldman Sachs to defence

There’s movement at $30 billion takeover target Ramsay Health Care.

  • Anthony Macdonald, Sarah Thompson and Kanika Sood
 iQ Group’s founder George Syrmalis earned more than $10m from his companies in eight years.

Director lunches, ‘excessive’ pay probed in biotech collapse

Administrators of the failed iQ Group Global have also questioned director-linked spending on an orphanage donation.

  • Liam Walsh and Jonathan Shapiro
Fertility group Virtus Health was subjected to a ferocious bidding war, while Genea Ltd and Adora were picked up by another private equity buyer.

Monash IVF looks lonely as PE seizes control of rivals

Monash IVF could be the sole non-private equity owned operator of scale in its sector by the end of this month.

  • Anthony Macdonald, Sarah Thompson and Kanika Sood
Chrysalis Advisory managing partner Nick Northcott has carved out a niche advising health sciences and technology companies on governance and commercialisation.

Why biotech investors need a research ombudsman

A seed fund and dual university study of digital health start-ups has found that many companies had a clinical robustness score of zero.

  • Yolanda Redrup

Medicare fraud, errors are costing $7b a year

Leakage is costing taxpayers as 30 per cent of the total Medicare scheme’s costs due to crime, billing mistakes and an ineffective watchdog. A root-and-branch review is overdue.

  • Updated
  • Adele Ferguson
University of Queensland’s Nathan Palpant, Mark Smythe and Glenn King are taking a new heart attack drug candidate using funnel web spider venom through clinical trials.

Aussie start-up using funnel web venom to save lives scores $23m

Research shows venom of the K’gari funnel web spider could block nerve signals that cause the death of heart and brain cells following a heart attack or stroke.

  • Yolanda Redrup


Stephen Ruffels spent almost 15 years at ResMed, before joining and now he’ll lead its joint venture with Sonic,

How Sonic Healthcare and a local AI start-up will shake up pathology

Sonic and have teamed up to launch, aiming to speed up the diagnosis and detection of cancer, and other tissue-based diseases.

  • Yolanda Redrup
Unconventionally, Senator Hollie Hughes draws the line at calling British American Tobacco a tobacco company. That’s demonising the industry.

Vapers’ facelift: new pitch, same sponsors

Six weeks into a new government and the tobacco and vaping lobby has a new plan – which looks a lot like all of its old plans.

  • Neil Chenoweth
BWX has purchased online vegan retail marketplace Flora and Fauna.

Shares in Forrest-backed skincare play tank 40pc

Shares in the Andrew Forrest-backed skincare group BWX have cratered 40 per cent lower.

  • Lucas Baird
Imugene chief executive Leslie Chong was “profoundly happy” with the HER-Vaxx trial results.

Imugene soars 45pc on gastric cancer trial results

Imugene is providing fresh hope for gastric cancer patients thanks to the development of an oncolytic virus that infects and breaks down cancer cells,

  • Updated
  • Yolanda Redrup
The lobby entrance of Heimat, a new wellness club from RSG Group.

This gym has it all – kinesis, TRX (and alcohol at 10am)

After a two-year delay and a budget blowout, the owners of this luxury fitness club say the pandemic only underscored the demand for health experiences.

  • Hannah Elliott
China has been vaccinating infants against coronavirus using Sinovac.

COVID-19 vaccines saved 20m lives in first year: study

The study is the first of its kind to quantify the pandemic’s deadly impact. It analysed records and total excess mortality from each country.

  • James Paton
GenesisCare CEO Dan Collins has Record Point and Morgan Stanley running an auction for his cardiology care business, CardiologyCo.

KKR, China Resources put fresh money into GenesisCare, lenders fret

Australian oncology group GenesisCare’s big shareholders have pledged to tip in an extra $160 million into the company in a bid to calm lenders” nerves.

  • Anthony Macdonald, Sarah Thompson and Kanika Sood
The”mission accomplished” scene of George W. Bush strutting on an aircraft carrier was premature.

Biotech boss v George W in Mission Accomplished stakes

The former head of an operation whose main listed entities tumbled into administration has a new venture.

  • Liam Walsh
Childcare operators are pushing through fee rises of 3.3 per cent in July - some after lifting prices in January.

Childcare fee hikes loom, including double whammy

Among those lifting fees is Australia’s biggest listed sector operator, which already boosted fees in January.

  • Liam Walsh
Paris-based company Allurion is bringing its swallowable weight loss balloon to Australia.

How this capsule turns into a balloon to help weight loss

Allurion, co-founded by two Harvard Medical School graduates, has created a swallowable capsule that inflates to the size of a grapefruit to help people lose weight.

  • Yolanda Redrup
Behind the times. Revlon CEO Debra Perelman, the company’s first woman head in its 89-year-old history, pictured last year.

Revlon files for bankruptcy after missing social media make-up boom

The bankruptcy caps a tumultuous period for the company, which suffered during the pandemic and faced years of declining sales as consumer tastes changed.

  • Claire Boston