Medibank Private gets green light for AHM takeover
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A takeover of health insurer Australian Health Management (AHM) by Medibank Private has been approved in a postal ballot.
Just over 95 per cent of the 84,000 members who voted were in favour of the demutualisation of the not-for-profit insurer.
Nearly 60 per cent of all of its members took part in the vote.
The proposal for AHM to merge with Medibank Private still needs to go to a general meeting of its members in Sydney on December 8.
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