Feb 22, 2018 Last Updated 9:32 AM, Feb 21, 2018

New Entry From the Editor :

Wesfarmers reports 87% H1 profit plunge on business write-downs

Wesfarmers reports 87% H1 prof…

AusBN - Wesfarmers (ASX:WES) has reported an 86.6% nose-dive in its H1 net ...

Australian female labour force participation reaches record high

Australian female labour force…

AusBN - Australia’s female labour force participation rate reached a ...

South Australia to help fund green hydrogen-fuelled power plant

South Australia to help fund g…

AusBN - The government of South Australia will help fund one of the largest...

ACCC raises concerns over Wollongong Day Surgery acquisition

AusBN – Concerns have been raised by a competition regulator over Ramsay Health Care’s acquisition of Wollongong Day Surgery.

The Australian Competition and Consumer Commission (ACCC) believes that the merger could cause an increase in prices for patients and a reduction in the quality of the healthcare services available.

ACCC chairman Rod Sims said: "The ACCC is concerned that the proposed acquisition is likely to substantially lessen competition in the supply of day surgery services to private health funds and the Department of Veteran Affairs.

"The ACCC is also concerned that the proposed acquisition is likely to substantially lessen competition in the supply of day surgery services to patients in Wollongong, which may increase prices for uninsured patients or reduce the quality of facilities and/or services available to doctors and patients."

@AusBNOnline

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