AUS: ACCC "will not oppose" Westpac's takeover of Healthpoint payments application

Search form

AUS: ACCC "will not oppose" Westpac's takeover of Healthpoint payments application

Thursday, 29 February, 2024 - 10:19

The Australian Consumer and Competition Commission has determined that it will not block the acquisition of Healthpoint, a payments application by Westpac Banking Corporation.

The ACCC said "HealthPoint is a payment application that enables healthcare providers to process real time private health insurance claims at point of sale through partnerships with banking and other channel partners.

"Westpac is currently a very small supplier of banking payment services to health service providers without an ability to process real time private health insurance claims at point of sale."

That implies that the takeover will not distort the market nor create a worrisome concentration.

Built with Drupal | Hosted by Siteground | Template by Alaa Haddad

Design by Vortex Centrum Limited | Some services provided by Google Workspace

Posters and other merch by ProjectLXX | Privacy and security services by Surfshark and Firetrust.

Nothing in this website is intended to be or shall be taken as legal advice.

You should always seek advice from a practitioner experienced in this area.

Everything on this website is copyright Nigel Morris-Cotterill and/or Vortex Centrum Limited for itself or one of its business units. No downloading, printing or other means of replicating or reusing is permitted. In particular, all bot access is denied and all scraping of content will result in the legal action set forth in the terms and conditions in this site. For legal, cookies and privacy see vortexcentrum.com.