Thomsons has acted for Jobfit in the recent sale of an 80 per cent stake in its business to a Singapore investor, Fullerton Healthcare.
The sale marks Fullerton’s entry into the Australian market, and enables Jobfit to accelerate its growth plans throughout Australia and Asia. The new partners have hit the ground running, with Jobfit already reviewing interstate acquisitions.
Jobfit Managing Director, Steve Harvey, has maintained a 20 per cent interest in the group, and will continue to lead the business, while former co-owner, Dr Chris Kelly, has sold his interest and is taking a step back into the role of non-executive director and chairman.
SA-based Jobfit was established in 1996, and has grown to 27 offices around Australia, employing about 300 staff. The group is a significant provider of healthcare services to mining and oil and gas sites around Australia, including BHP Billiton’s Olympic Dam site, the Prominent Hill mine and many of the major gas projects in QLD, WA and the NT. Fullerton Healthcare offers similar services in the South-east Asian region. The deal with Fullerton will not only assist Jobfit with its expansion plans, but enable them to pursue a move into personal healthcare services through the acquisition of GP clinics.