Mayne Group Explained

Mayne Group
Founded:1886
Founder:John Mayne
Enoch Nickless
Defunct:2005
Location City:St Kilda Road, Melbourne
Location Country:Australia
Industry:Healthcare
Logistics
Subsid:Armaguard
Corporate Wellness Solutions
Health Care of Australia
Interlink Express
Ipec
Loomis
Security Express Guards
Website:www.maynegroup.com

Mayne Group was an Australian healthcare and logistics company.

History

Mayne Nickless was founded in Melbourne in 1886 by John Mayne and Enoch Nickless as a parcel delivery service. Within three months it was operating 10 horse-drawn vans, by the end of the year it had 52.[1] [2]

Listed 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.[3] [4] [5] [6]

In 1975, it entered a joint venture with Trans Australia Airlines to form AAT Coachlines, which was sold in 1983.[7] In 1979 it purchased cash handling company Loomis.[5] [8] In July 1982, Mayne Nickless took a 50% shareholding in Total West in partnership with Westrail.[9] [10] [11] In 1985, Mayne Nickless sold its stake in Total West to Gascoyne Trading Company.[12] In 1983, Mayne acquired a 50% shareholding in Ipec.[13] It acquired the other 50% in 1988.[14]

In 1992 Mayne Nickless took a 25% shareholding in telecommunications company Optus, this was sold in 2001.[15] [16]

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.[3] [17] [18]

In the 1990s, it diversified into healthcare, purchasing hospitals and later pathology and diagnostic businesses. In 2001 pharmaceutical company Faulding Pharmaceuticals was purchased.[19] In 2002, Mayne Nickless changed its name to Mayne Group.[20]

In 2000, the container parks and warehousing facilities in Sydney, Melbourne and Brisbane were sold to Lang Corporation.[21] In 2003, Mayne's 53 hospitals were sold to Affinity Health, a consortium of Citigroup, CVC Capital Partners and GIC Private Limited.[22] [23] In November 2005, the company was split into Mayne Pharma and Symbion Health.[24] [25] Mayne Pharma was taken over by Hospira in 2007.[26] Symbion Health was acquired by Primary Health Care in 2008.[27] The same year, Primary sold off Symbion's consumer business to Sanofi-Aventis and its pharmacy business to Zuellig Group.[28] [29] In 2013, EBOS Group purchased Symbion from Zuellig.[30]

Notes and References

  1. Background Truck & Bus Transportation July 1967 pages 94/95
  2. Mayne Nickless 100 Australian Transport April 1986 page 24
  3. https://web.archive.org/web/20160229032059/https://www.armaguard.com.au/about The Armaguard story
  4. https://web.archive.org/web/20130404165946/http://www.interlinkexpress.com/content/about/history.jsp History
  5. https://web.archive.org/web/20170213025601/http://www.loomis.com/en/About-Loomis/History/Milestones/ Milestones
  6. https://www.independent.co.uk/news/business/group-4-sells-cash-transport-business-1459123.html Group 4 sells cash transport business
  7. https://web.archive.org/web/20160328053210/https://www.aatkings.com/about-us/our-history/ Our History
  8. https://web.archive.org/web/20170202063836/http://www.canadianshipper.com/transportation-and-logistics/loomis-courier-rebrands-to-enhance-global-positioning/1000001465/ Loomis Courier rebrands to enhance global positioning
  9. Mayne Nickless gets nod for Westrail joint venture Truck & Bus Transportation June 1982 page 112
  10. Unique road/rail joint venture kicks off in WA in lively fashion Freight & Container Transportation September 1982 page 3
  11. Freight Deregulation Western Rails volme 5, no 4 page 10
  12. Gascoyne replaces Mayne Nickless in Total West venture Truck & Bus Transportation August 1985 page 60
  13. https://trove.nla.gov.au/newspaper/article/116404279 Mayne Nickless to buy into Ipec
  14. https://web.archive.org/web/20220228050840/https://archive.commercialmotor.com/article/30th-june-1988/18/-mayne-nickless-parent-company-of-farceline-in-the In Brief
  15. https://web.archive.org/web/20170202084813/https://www.independent.co.uk/news/business/cw-doubles-its-stake-in-optus-1248583.html?amp C&W doubles its stake in Optus
  16. https://web.archive.org/web/20170202065509/http://edition.cnn.com/2001/BUSINESS/asia/03/25/australia.optustime.business/ Optus brings down for sale sign
  17. https://web.archive.org/web/20130705195931/https://www.accc.gov.au/business/anti-competitive-behaviour/cartels/cartels-case-studies-legal-cases Freight cartel
  18. https://web.archive.org/web/20130502231233/http://www.tollgroup.com/acquisitions Acquisitions
  19. https://web.archive.org/web/20041130102629/http://www.abc.net.au/pm/stories/s328256.htm Mayne Nickless places bid on FH Faulding
  20. https://web.archive.org/web/20141024064421/http://www.asx.com.au/prices/company-name-and-asx-code-changes-2002.htm Company name and ASX code changes 2002
  21. Mayne sells port business Truck & Bus Transportation January 2001 page 16
  22. https://web.archive.org/web/20040223031956/http://www.abc.net.au/pm/content/2003/s972017.htm Mayne Group leaves private hospital sector
  23. https://web.archive.org/web/20170202195750/http://www.smh.com.au/news/Business/Affinity-Health-looks-at-12bn-float/2005/02/01/1107228699260.html Affinity Health looks at $1.2bn float
  24. https://web.archive.org/web/20051208112133/http://www.abc.net.au/insidebusiness/content/2005/s1517586.htm Stock surge kick-starts Symbion
  25. https://web.archive.org/web/20160302004302/https://www.maynepharma.com/about-us/from-faulding-to-mayne-pharma/ From Faulding to Mayne Pharma
  26. https://web.archive.org/web/20170202052049/https://www.hospira.com.au/en/about_hospira/our_history Our History
  27. Web site: Smith . Peter . 2008-02-13 . Primary wins battle for Symbion . 2023-10-13 . Financial Times.
  28. Web site: 2008-07-20 . Primary Health sells Symbion unit for $560m . 2023-10-13 . The Sydney Morning Herald . en.
  29. Web site: Sharp . Ari . 2008-08-19 . Primary sells Symbion pharmacy for $505m . 2023-10-13 . The Sydney Morning Herald . en.
  30. Web site: Wood . Alan . 2013-05-29 . Ebos buys Symbion for $1.1b . 2023-10-13 . Stuff . en.

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