Mayne Group

Mayne Group was an Australian healthcare and logistics company.

Mayne Group
Traded asASX: MAY
IndustryHealthcare
Logistics
Founded1886
FounderJohn Mayne
Enoch Nickless
Defunct2005
Headquarters
St Kilda Road, Melbourne
,
Australia
SubsidiariesArmaguard
Corporate Wellness Solutions
Health Care of Australia
Interlink Express
Ipec
Loomis
Security Express Guards

History

Mayne Nickless was founded in 1886 by John Mayne and Enoch Nickless, it began as a parcel delivery service in Melbourne. 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][4]

In 1975 it entered a joint venture with Trans Australia Airlines to form AAT Coachlines, this was sold in 1983.[5] In 1979 it purchased cash handling company Loomis.[3][6] In 1992 Mayne Nickless took a 25% shareholding in telecommunications company Optus, this was sold in 2001.[7][8]

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][2][9][10]

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.[11][12] In 2002 Mayne Nickless changed its name to Mayne Group.[13]

In 2003, Mayne's 53 hospitals were sold to Affinity Health, a consortium of Citigroup, CVC Capital Partners and GIC Private Limited.[14][15] In November 2005 the company was split into Mayne Pharma and Symbion Health.[16][17] Mayne Pharma was taken over by Hospira in 2007[18] and Symbion Health was taken over by Primary Health Care in 2008.[19]

References
  1. The Armaguard story Armaguard
  2. Milestones Loomis
  3. Group 4 sells cash transport business The Independent 4 August 1993
  4. Our History AAT Kings
  5. Loomis Courier rebrands to enhance global positioning Canadian Shipper 13 August 2001
  6. C&W doubles its stake in Optus The Independent 1 July 1997
  7. Optus brings down for sale sign CNN 26 March 2001
  8. Freight cartel Australian Competition & Consumer Commission
  9. Acquisitions Toll Group
  10. Mayne Nickless places bid on FH Faulding PM 12 July 2001
  11. Bitter pill after Smedley's ripper ride on hospital-go-round The Age 28 August 2003
  12. Company name and ASX code changes 2002 Australian Securities Exchange
  13. Mayne Group leaves private hospital sector PM 21 October 2003
  14. Affinity Health looks at $1.2bn float Sydney Morning Herald 2 February 2005
  15. Stock surge kick-starts Symbion Inside Business 27 November 2005
  16. From Faulding to Mayne Pharma Mayne Pharma
  17. Our History Hospira
  18. "Symbion to accept Primary Health offer". 12 February 2008. Retrieved 15 March 2019.
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