SYB symbion health limited

Good news - on the right track ?

  1. 635 Posts.
    The attached ADF announcement should be good news for MAY and have a positive impact on the share price.

    Also of help is a substantial shareholder notice from NAB (5.2%)
    "MAY: Becoming a substantial holder from NAB"
    Announcement received at 09:57, 18-Oct-2002
    ==========================================

    Preferred tenderer for Aust Defence Force health serv in Vic

    MAYNE GROUP LIMITED 2002-10-17 ASX-SIGNAL-G
    HOMEX - Melbourne

    Mayne Group Limited today announced it had been selected as the
    preferred tenderer for the provision of a full range of health
    services to the Australian Defence Force (ADF) in Victoria.

    The health services will cover primary health care, specialist
    outpatient services, inpatient services, dental services, and
    diagnostic and allied health services such as physiotherapy and
    pharmacy. The estimated value of the contract is $140 million over
    five years.

    Mayne Group Managing Director and Chief Executive Officer, Stuart
    James, said that contract negotiations are expected to be finalised
    shortly and phased in from late 2002 to early 2003.

    "We are delighted to have been selected, as it demonstrates our
    capability across a broad range of health services and adds to the
    diversity of our health revenue base," Mr James said.

    The Minister Assisting the Minister for Defence, Danna Vale, said
    today that the contract will be "maintaining, and in some cases
    improving, all current health services to ADF personnel at Defence
    establishments and bases in metropolitan Melbourne and regional
    Victoria".


    Media enquiries: Investor enquiries:

    Rob Tassie Cameron Fuller
    Ph: 03 9868 0886 Ph: 03 9868 0968
    Mb: 0411 126 455 Mb: 0417 338 953

 
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