| Publication: | The Australian |
|---|---|
| Date: | 2 December 2008 |
| Section: | Business |
Article excerpt:
MORE than 95 per cent of Australian Health Management members have voted in favour of demutualising the group. This clears one of the hurdles for policyholders so they can accept Medibank Private's $367 million takeover offer.
The 160,000 AHM members are scheduled to vote at a December 8 on whether to accept the scheme of arrangement to merge with the biggest health fund, the government-owned Medibank Private. If the vote favours Medibank's offer, some of AHM's longest serving members could receive a cash payment of up to $8800, depending on their type of cover and years of membership of the Wollongong-based fund.
