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On 16 January 2024, the Australian Competition and Consumer Commission (ACCC) closed its consultation on the proposed acquisition of HealthPoint by Westpac Investment Vehicle Pty Ltd, a wholly owned subsidiary of Westpac Banking Corporation. The ACCC's investigation focused on the impact on competition, particularly the impact on the ability of banking or channel providers to provide healthcare claiming Point of Sale (POS). Further, the ACCC focuses on whether Westpac could gain access to commercially sensitive information concerning banking and channel partners of HealthPoint and the impact on competition. Lastly, the investigation concerns the availability of HealthPoint to various banking and channel providers and whether this has a negative impact on competition.
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