In a deal valued at $350 million, Telstra Health is expected to acquire GP clinical and practice management software company MedicalDirector to support its ambition of perfecting digital healthcare experiences for its customers. MedicalDirector’s software will augment Telstra’s digital health service network with a wider range of desktop capabilities for special medical practitioners and GPs. The transaction is due for finalization by the end of the current financial quarter.
Telstra plans to follow up the acquisition with additional investments in MedicalDirector’s software solutions in an effort to shape the company’s path forward for streamlined delivery of primary health care. Advanced digital solutions applied to the plenary gamut of health and aged care needs will hugely benefit Telstra’s value as a company and make for a healthier, happier patient base.
MedicalDirector has grown into a formidable presence in the Australian healthcare software sector. Its cloud-based solutions are employed to deliver over 80 million consultations a year; the technology is utilized by roughly 23,000 medical practitioners.
This acquisition comes on the heels of a pending majority-stake investment from Telstra in global healthcare organization PowerHealth. That company is a specialist provider in clinical cost and revenue solutions for healthcare enterprises, known for its OnDemand Performance Management Solutions.