Approved · Waiver · decided in 8 days, 16 Apr 2026
PH Medical Centres Pty Ltd, part of the Quadrant Private Equity-backed Partnered Health Group, acquired the business and assets of Riverstone Family Medical Practice from Riverstone GP Pty Ltd. PH Medical Centres operates over 60 general practice clinics, and Riverstone Family Medical Practice has 12 general practitioners.
PH Medical Centres Pty Ltd ( PHMC ) proposes to acquire the business and assets of the Riverstone Family Medical Practice ( RFMP ) from Riverstone GP Pty Ltd (the Acquisition ). PHMC is part of the Partnered Health Group and an indirectly wholly owned subsidiary of Partnered Health Pty Ltd ( PHPL ). PHMC together with other PHPL subsidiaries (the PH Primary Care Group ) provide primary care services with more than 60 general practice clinics and medical centres across Australia, engaging more than 600 general practitioners. The PH Primary Care Group also operates skin cancer clinics, allied health providers (physiotherapy and dietetics) and TeleWell, a telehealth platform which provides 24/7 continuous access to general practitioners. The Partnered Health Group also operates a healthcare platform which provides corporate and occupational healthcare solutions alongside its primary care network. PHPL is part of a larger group of companies which are ultimately controlled by Quadrant Private Equity ( QPE ) through Quadrant Private Equity No. 6 ( QPE Fund 6 ). RFMP is a medical centre located at 71 Garfield Road East, Riverstone, NSW 2765, which provides primary care services through 12 general practitioners (plus four Registrars) and three allied health professionals.