The Health News Australia August 28 2017

Overview

  • Fullerton Health, the corporate healthcare solutions firm that set aside plans for a Singapore Exchange listing last year, has acquired 43 medical centres and five specialist clinics from Australia’s Healthscope for A$55 million.
  • Sophie Cashen of Queensland is searching for help to fund a medical trial that she believes can cure her 7-year-old son of an incredibly rare degenerative disease called pantothenate kinase-associated neurodegeneration (PKAN). The Spoonbill Foundation is now raising funds, seeking three hundred fifty thousand dollars for the first batch of the drug to be made, and thirty five thousand dollars per patient to run a clinical trial.
  • AMA president Doctor Michael Gannon said that pregnancy and mental health services should be covered by all private health insurance policies. Gannon said public hospitals would not survive without the support of the private health system, pointing out nearly seventy percent of elective surgeries being performed in private hospitals.  

News on Health Professional Radio. Today is the 28th of August 2017. Read by Tabetha Moreto. Health New

http://www.straitstimes.com/business/companies-markets/fullerton-health-buys-medical-centres-in-australia

Fullerton Health, the corporate healthcare solutions firm that set aside plans for a Singapore Exchange listing last year, has acquired forty three medical centres and five specialist clinics from Australia’s Healthscope for fifty five million Australian dollars. Healthscope, which is listed Down Under, said yesterday that the operations at these facilities contributed about two percent of the group’s operating earnings before interest, tax, depreciation and amortisation of two hundred sixteen point eight million Australian dollars in the first six months of this year. This works out to about four point three million dollars. The fourty three medical centres, four specialist skin clinics and one specialist breast diagnostic clinic are located in Victoria, New South Wales, the Australian Capital Territory, Queensland and Western Australia.

Healthscope is Australia’s second-largest private hospital operator. It said it had decided to sell its standalone medical centre operations to focus on its core hospitals and international pathology operations.

Doctor Michael Tan, co-founder and group chief executive of Fullerton Health, said the group is focused on building a strong presence in the region and on broadening its network in Australia.
The acquisition is expected to be completed by the end of next month. Fullerton Health already owns two hundred twenty five medical centres in Australia, Singapore, Malaysia, Indonesia, Hong Kong, China and New Zealand. Fullerton Australia employs more than eight hundred staff and provides services through seventy facilities in the country.

http://www.9news.com.au/health/2017/08/24/15/29/sunshine-coast-mum-potential-cure-degenerative-disease-pkan

A Queensland woman is searching for help to fund a medical trial that she believes can cure her seven-year-old son of an incredibly rare degenerative disease. Miller O’Flynn suffers from pantothenate kinase-associated neurodegeneration  or PKAN, an illness that affects one in a million people, usually children. But a potential cure to PKAN exists thanks to a series of trials involving fruit flies and mice. Miller has uncontrollable movements in his face and body. His mother, Sophie Cashen said that he used to be able to walk but now he can’t. Miller now spends most of his time at his Sunshine Coast home under the care of his mother. PKAN is a devastating disease that ultimately results in death. But there is hope for Miller in a treatment developed by a research team at the Oregon Health and Science University.

Meanwhile, the same drug has been proven effective in stopping PKAN in fruit flies in experiments in the Netherlands. But whether it works on humans is another matter, with the OHSU team now crowdfunding to start trials. The Spoonbill Foundation is now raising funds, seeking three hundred fifty thousand dollars for the first batch of the drug to be made, and thirty five thousand dollars per patient to run a clinical trial.

https://www.theguardian.com/australia-news/2017/aug/23/pregnancy-and-mental-health-should-be-covered-by-all-private-insurance-say-doctors

Pregnancy and mental health services should be covered by all private health insurance policies, the head of the Australian Medical Association, Doctor Michael Gannon, said in a speech outlining his concerns about private healthcare. In his address to the National Press Club on Wednesday, Gannon said public hospitals would not survive without the support of the private health system, pointing out nearly seventy percent of elective surgeries being performed in private hospitals. But private health insurance was overly complicated for both doctors and patients, Gannon said, with too many policies offering inappropriate cover.

Gannon, an obstetrician, said he had seen cases where mothers covered for pregnancy had been told their newborn baby could not be looked after in the special care nursery. He believes market power has shifted in favour of the private health insurers, and as a result insurers were increasingly deciding where and by whom treatments should be provided. Given rising premiums, it was not surprising that people were dropping their cover, he said. Insurers often blamed rising specialist fees as a reason for premium hikes, which Gannon described as an “appalling and deliberate lie”.

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