Established in 2019, Talem is a healthcare service group aiming at setting up a clinical network in major cities in Australia. Prior to the acquisition, Talem Australia has acquired 2 medical centres in Queensland and 1 medical centre in Western Australia in 2020.
The Target Company, Epichealth, has a long-standing history in providing general practice medical services in Victoria, Australia for over 15 years. As at the date of the announcement, Epichealth operates 5 general practice medical centres in the name of “Epichealth Medical Clinic”, and 1 GP-led Respiratory Clinic (“GPRC”) funded by Commonwealth of Australia in the name of “Bellarine Respiratory Clinic”. Epichealth engages over 50 health professionals and doctors. The 5 Epichealth Medical Clinics and the GPRC are supported by Epichealth’s Head Office located in Melbourne CBD. The GPRC co-locates with one of the medical clinics.
Upon the acquisition, Talem will expand from a network of 3 medical centres to 8 medical centres and 1 GPRC, increasing Talem’s market share in the primary healthcare sector. Besides, the GPRC would be expected to provide a strong source of income during COVID-19 by offering COVID tests and COVID vaccinations.
Dr. Clark Cheng, Executive Director of Talem said, “Talem is always committed to investing in healthcare medical centres to provide high quality and bespoke outpatient clinical services. This acquisition marks Talem’s entry into the state of Victoria, and is well aligned with the group’s objective to expand its clinical network in different major cities in Australia.”
Mr. Matthew Wong, Executive Director of Talem said, “After this acquisition, Talem will be able to leverage on the resources pipeline of Epichealth to access to further acquisition opportunities in the state of Victoria. Talem will also look into expansion opportunities in other major cities including Brisbane, Perth, Adelaide, Sydney, Canberra, etc.”
