Medibank Private Limited (ASX: MPL)

Medibank Private Limited is a health company based in Australia that specializes in private health insurance and health-related services. The company operates primarily through two brands, Medibank and ahm, offering a variety of health insurance products. Its Health Insurance segment provides both hospital and ancillary coverage. Hospital cover ensures that members have financial support for various hospital treatments while ancillary cover is for other healthcare services like dental, optical, and physiotherapy.

Alongside insurance, Medibank’s Health segment offers health management and home care services, as well as telehealth services across Australia. It caters not only to individuals but also has agreements with government and corporate clients. Additionally, Medibank extends its product range by distributing travel, life, and pet insurance policies, which are provided by other insurers.

In terms of financials, Medibank has generated 7.81 billion AUD in revenue and a net income of 621 million AUD. The company was founded in 1997 and employs around 3,240 people. It has recently completed the acquisition of MyHealth Medical Holdings Pty Ltd.

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Year-over-year, the company has seen a revenue increase of 5.49%, growing from 7.11 billion AUD to 7.50 billion AUD, while net income has risen by 29.75% from 393.90 million AUD to 511.10 million AUD. Medibank’s website, where more information can be found, is https://www.medibank.com.au.