Medibank Private Ltd (MPL.xasx)

Medibank Private Ltd (MPL.xasx)

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Medibank Private Ltd (MPL.xasx) Profile

Medibank Private Ltd (MPL.xasx) is an integrated healthcare insurance company, the largest in Australia, with headquarters in Docklands. The company offers private health insurance products to 3.7M members and health cover for hospital treatments, whereas ancillary cover provides health cover for healthcare services such as dental, optical and physiotherapy. Medibank has offices in Melbourne, Sydney, Brisbane, Griffith, Wollongong and is the parent company of Ahm health insurance, Medibank Health Solutions pty Ltd, Medical Private Employee Share Plan Trust. The Medibank stock (MPL.xasx) is listed on the Australian Securities Exchange, had a market capitalisation of $9.50 (AUD) as of December 2021 and $7.61B (AUD) in 2021 revenue. The company employs more than 3400 people. Medibank Private Ltd has been awarded ‘Outstanding Value Insurance’ for 14 years in a row. Medibank Private invested $63M (AUD) to focus on preventative health in the Myhealth Medical Group of GP clinics in 2021 year. Also invested $1.1M (AUD) in health research and launched the Healthy Mind website to connect people to mental health information and support.

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Each investor owning shares of a company is also owning fragments of the company. A quite simple way to explain what a stock is is basically when a company divides itself into several shares and then it makes a part of these equities available to the public, at a price. Each investor owning shares of a company is owning fragments of the company.

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