Medibank profit jumps 58.3pc to $227.6m as CEO appointment looms
Tim BinstedReporter
Updated
Tough new hospital contracts and better claims management underpinned a 58 per cent jump in Medibank Private's interim profit to $227 million ahead of the insurer's unveiling of a new chief executive.
Outgoing chief executive George Savvides, who's shock departure upset some major shareholders, distanced himself from the succession process but said he expects an imminent appointment.
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Tim Binsted writes on Business specialising in Agriculture, Construction, Manufacturing. Tim is based in our Sydney newsroom. Connect with Tim on Twitter.
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