Telstra's investment in e-health tops AUD100 mn
12-Feb-15, Pulse + IT
Telco giant Telstra's investments through its healthcare division have gone well beyond the $100 million mark, with the value of some of its most recent acquisitions outlined in its half yearly results announced today.
While the numbers are dwarfed by Telstra's massive $2.1 billion in half-yearly profits, CEO David Thodey said Telstra Health's investments were part of the company's plan to build innovative offerings for customers. “We formally launched Telstra Health in October 2014 and increased our total investment in health to more than $100 million,” Mr Thoday said. “This includes acquisitions and joint ventures to provide technology solutions in telemedicine, aged and residential care, hospital, radiology and pathology and will help us deliver a more integrated health system.”
The largest single investment in the first half of the 2015 financial year was the 100 per cent shareholding it took in aged care software market leader iCareHealth.