Mayne Group
| ASX: MAY | |
| Industry | Healthcare Logistics |
| Founded | 1886 |
| Founder | John Mayne Enoch Nickless |
| Defunct | 2005 |
| Headquarters | , Australia |
| Subsidiaries | Armaguard Corporate Wellness Solutions Health Care of Australia Interlink Express Ipec Loomis Security Express Guards |
Mayne Group was an Australian healthcare and logistics company.
History
Mayne Nickless was founded in Melbourne in 1886 by John Mayne and Enoch Nickless as a parcel delivery service. Listed on the Australian Securities Exchange in 1926, it expanded to provide freight services to all Australian capital cities and ports. It also branched into armoured car cash deliveries and international logistics.[1][2][3]
In 1975, it entered a joint venture with Trans Australia Airlines to form AAT Coachlines, this was sold in 1983.[4] In 1979 it purchased cash handling company Loomis.[2][5] In 1992 Mayne Nickless took a 25% shareholding in telecommunications company Optus, this was sold in 2001.[6]
After being found to have been part of a price-fixing cartel along with Ansett and TNT in the early 1990s, it disposed of its remaining transport and security interests with Interlink and Ipec being sold to the Toll Group, Interlink Express to La Poste and Armaguard to Linfox.[1][7]
In the 1990s, it diversified into healthcare purchasing hospitals and later pathology and diagnostic businesses. In 2001 pharmaceutical company F. H. Faulding & Co was purchased.[8] In 2002, Mayne Nickless changed its name to Mayne Group.[9]
In 2003, Mayne's 53 hospitals were sold to Affinity Health, a consortium of Citigroup, CVC Capital Partners and GIC Private Limited.[10] In November 2005, the company was split into Mayne Pharma and Symbion Health.[11] Mayne Pharma was taken over by Hospira in 2007[12] and Symbion Health was taken over by Primary Health Care in 2008.[13]
References
- ^ a b The Armaguard story Armaguard
- History Interlink Express - ^ a b Milestones Loomis
- ^ Group 4 sells cash transport business The Independent 4 August 1993
- ^ Our History AAT Kings
- ^ Loomis Courier rebrands to enhance global positioning Canadian Shipper 13 August 2001
- ^ C&W doubles its stake in Optus The Independent 1 July 1997
- Optus brings down for sale sign CNN 26 March 2001 - ^ Freight cartel Australian Competition & Consumer Commission
- Acquisitions Toll Group - ^ Mayne Nickless places bid on FH Faulding PM 12 July 2001
- "Bitter pill after Smedley's ripper ride on hospital-go-round". The Age. 28 August 2003. - ^ Company name and ASX code changes 2002, Australian Securities Exchange
- ^ "Mayne Group leaves private hospital sector". PM. 21 October 2003.
- "Affinity Health looks at $1.2bn float". Sydney Morning Herald. 2 February 2005. - ^ "Stock surge kick-starts Symbion". Inside Business. 27 November 2005.
- "From Faulding to Mayne Pharma", Mayne Pharma - ^ "Our History", Hospira
- ^ Andrew Robertson (12 February 2008). "Symbion to accept Primary Health offer". ABC News. Retrieved 15 March 2019.