Mayne Group was an Australian healthcare and logistics company.
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History
Mayne Nickless was founded in 1886 by John Mayne and Enoch Nickless, it began as a parcel delivery service in Melbourne. Lsted on the Australian Securities Exchange in 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.
In 1975 it entered a joint venture with Trans Australia Airlines to form AAT Coachlines, this was sold in 1983. In 1979 it purchased cash handling company Loomis. In 1992 Mayne Nickless took a 25% shareholding in telecommunications company Optus, this was sold in 2001.
After being found to have been part of a price fixing cartel along with Ansett and TNT in the early 1990s, it disposed of its remaining transport and security interests with Interlink and Ipec being sold to the Toll Group, Interlink Express to La Poste and Armaguard to Linfox.
In the 1990s it diversified into healthcare purchasing hospitals and later pathology and diagnostic businesses. In 2001 pharmaceutical company F H Faulding & Co was purchased. In 2002 Mayne Nickless changed its name to Mayne Group.
In 2003, Mayne's 53 hospitals were sold to Affinity Health, a consortium of Citigroup, CVC Capital Partners and GIC Private Limited. In November 2005 the company was split into Mayne Pharma and Symbion Health. Mayne Pharma was taken over by Hospira in 2007.
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References
Source of article : Wikipedia
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