Current Investments
National Medical and Imaging Group Pty Ltd (NMIG)
NMIG was established by Helmsman in February 2004, in conjunction with a management buy in (MBI) team, to undertake the aggregation by acquisition, primarily from the Gribbles Group Limited, in a corporate restructure of a network of 45 general practice, diagnostic imaging and day hospital sites.
Helmsman together with the MBI group developed a strategic plan to build a healthcare facilities management group. The network has been progressively upgraded with improved utilisation and quality of sites generating year on year earnings growth each year since acquisition. Since the initial acquisition NMIG has undertaken over 10 follow on practice acquisitions growing to a group turnover exceeding $65 million in 2007.
The investment was partially exited during the 2008 year with sale of several properties and the entire general practice medical centre network to a listed Healthcare Company.
