Maple Plan News Today

Street Talk can reveal IFM has agreed terms with an offshore insurance giant to sell its stake in My Plan Manager for a couple of hundred million dollars.

Crescent Capital Partners has had bankers at Rothschild drumming up interest in the mobile primary care provider since April.

Deal aligns with plan to enter the scheme and launch scheme-related business

Australian shares are 0.2pc lower; NAB sees chance of two more rate rises; AVZ faces $US1.4b in damages claims; Aristocrat to acquire NeoGames; Newcrest accepts Newmont takeover offer; Elders cuts dividend. Follow updates here.

NDIS service providers will make up to $47b in revenues in the next five years and private equity is pouncing on an industry ripe for consolidation.

NIB Holdings says policyholder numbers kept growing after COVID, travel and international divisions rebound, but the market punished the health insurer because margins have started to soften.

Maple Plan has been acquired by nib holdings, which recently completed a $150 million capital raising. Firm: Ashurst (nib holdings) Deal: Ashurst has advised nib holdings limited (nib) on its acquis

IFM Investors’ private equity investment My Plan Manager has bought smaller competitor National Disability Support Partners in a deal tipped to be worth more than $40 million.

Health insurer NIB Holdings will acquire an NDIS plan manager, and raise abuot $150 million in new equity to help fund it.