Media releases

March 26, 2014

Medibank welcomes Australian Government's sale announcement

Australia's largest health insurer and leading health solutions provider, Medibank, today welcomed the Australian Government's announcement to proceed with the sale of Medibank.

The Chair of Medibank, Ms Elizabeth Alexander AM said, "Medibank welcomes this announcement and we look forward to working with the Government and its advisers over the course of sale process.

"To our many customers, please be assured we remain focussed on delivering excellent value and service. This will not change."

Medibank Managing Director, Mr George Savvides also welcomed the Australian Government's announcement and said that Medibank would continue to be committed to the health of all Australians.

"We welcome the Government's decision today, we're 37 years old, we have a wonderful inheritance and a brand that people trust. Let me reassure you that the Medibank Australians have trusted for years is the very same Medibank that will continue to look after your health well into the future."

Ms Alexander and Mr Savvides also paid tribute to two retiring Board members Professor Leanne Rowe AM and Mr Steve Vamos.

"Both Leanne and Steve have made a terrific contribution to the Board over many years. On behalf of all remaining Board members and the Executive team I thank them for their service," Ms Alexander said.

Ms Alexander also welcomed newly appointed Medibank Board members Mr David Fagan, Ms Linda Nicholls AO and Ms Christine O'Reilly and said she looked forward to working closely with them during the sale process and beyond.

ENDS


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