Mayne Groupwas an Australian healthcare and logistics company.
| ASX:MYX | |
| 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 |
| Website | maynegroup |
History
editMayne Nickless was founded inMelbournein 1886 by John Mayne and Enoch Nickless as a parcel delivery service. Within three months it was operating 10 horse-drawn vans, by the end of the year it had 52.[1][2]
Listed on theAustralian Securities Exchangein 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.[3][4][5][6]
In 1975, it entered a joint venture withTrans Australia Airlinesto formAAT Coachlines,which was sold in 1983.[7]In 1979 it purchased cash handling companyLoomis.[5][8]In July 1982, Mayne Nickless took a 50% shareholding inTotal Westin partnership withWestrail.[9][10][11]In 1985, Mayne Nickless sold its stake in Total West toGascoyne Trading Company.[12]In 1983, Mayne acquired a 50% shareholding inIpec.[13]It acquired the other 50% in 1988.[14]
In 1992 Mayne Nickless took a 25% shareholding in telecommunications companyOptus,this was sold in 2001.[15][16]
After being found to have been part of aprice fi xingcartel along withAnsettandTNTin the early 1990s, it disposed of its remaining transport and security interests with Interlink and Ipec being sold to theToll Group,Interlink Express toLa PosteandArmaguardtoLinfox.[3][17][18]
In the 1990s, it diversified into healthcare, purchasing hospitals and later pathology and diagnostic businesses. In 2001 pharmaceutical companyFaulding Pharmaceuticalswas purchased.[19]In 2002, Mayne Nickless changed its name to Mayne Group.[20]
In 2000, the container parks and warehousing facilities in Sydney, Melbourne and Brisbane were sold to Lang Corporation.[21]In 2003, Mayne's 53 hospitals were sold to Affinity Health, a consortium ofCitigroup,CVC Capital PartnersandGIC Private Limited.[22][23]In November 2005, the company was split into Mayne Pharma and Symbion Health.[24][25]Mayne Pharma was taken over byHospirain 2007.[26]Symbion Health was acquired by Primary Health Care in 2008.[27]The same year, Primary sold off Symbion's consumer business toSanofi-Aventisand its pharmacy business to Zuellig Group.[28][29]In 2013,EBOS Grouppurchased Symbion from Zuellig.[30]
References
edit- ^BackgroundTruck & Bus TransportationJuly 1967 pages 94/95
- ^Mayne Nickless 100Australian TransportApril 1986 page 24
- ^abThe Armaguard storyArmaguard
- ^HistoryInterlink Express
- ^abMilestonesLoomis
- ^Group 4 sells cash transport businessThe Independent4 August 1993
- ^Our HistoryAAT Kings
- ^Loomis Courier rebrands to enhance global positioningCanadian Shipper13 August 2001
- ^Mayne Nickless gets nod for Westrail joint ventureTruck & Bus TransportationJune 1982 page 112
- ^Unique road/rail joint venture kicks off in WA in lively fashionFreight & Container TransportationSeptember 1982 page 3
- ^Freight DeregulationWestern Railsvolme 5, no 4 page 10
- ^Gascoyne replaces Mayne Nickless in Total West ventureTruck & Bus TransportationAugust 1985 page 60
- ^Mayne Nickless to buy into IpecCanberra Times2 September 1983 page 14
- ^In BriefCommercial Motor30 June 1988
- ^C&W doubles its stake in OptusThe Independent1 July 1997
- ^Optus brings down for sale signCNN26 March 2001
- ^Freight cartelAustralian Competition & Consumer Commission
- ^AcquisitionsToll Group
- ^Mayne Nickless places bid on FH FauldingPM12 July 2001
Bitter pill after Smedley's ripper ride on hospital-go-roundThe Age28 August 2003 - ^Company name and ASX code changes 2002Australian Securities Exchange
- ^Mayne sells port businessTruck & Bus TransportationJanuary 2001 page 16
- ^Mayne Group leaves private hospital sectorPM21 October 2003
- ^Affinity Health looks at $1.2bn floatSydney Morning Herald2 February 2005
- ^Stock surge kick-starts SymbionInside Business27 November 2005
- ^From Faulding to Mayne PharmaMayne Pharma
- ^Our HistoryHospira
- ^Smith, Peter (13 February 2008)."Primary wins battle for Symbion".Financial Times.Retrieved13 October2023.
- ^"Primary Health sells Symbion unit for $560m".The Sydney Morning Herald.20 July 2008.Retrieved13 October2023.
- ^Sharp, Ari (19 August 2008)."Primary sells Symbion pharmacy for $505m".The Sydney Morning Herald.Retrieved13 October2023.
- ^Wood, Alan (29 May 2013)."Ebos buys Symbion for $1.1b".Stuff.Retrieved13 October2023.