Mayne Group
{{Short description|Former Australian healthcare and logistics company}}
{{Use dmy dates|date=November 2019}}
{{Infobox company
|name = Mayne Group
|logo =
|traded_as = {{ASX|MYX}}
|founded = 1886
|founder = John Mayne
Enoch Nickless
|defunct = 2005
|location_city = St Kilda Road, Melbourne
|location_country = Australia
|locations =
|area_served =
|key_people =
|industry = Healthcare
Logistics
|products =
|services =
|revenue =
|operating_income =
|net_income =
|num_employees =
|divisions =
|subsid = Armaguard
Corporate Wellness Solutions
Health Care of Australia
Interlink Express
Ipec
Loomis
Security Express Guards
|website = [https://web.archive.org/web/20051028001148/http://www.maynegroup.com/ www.maynegroup.com]}}
Mayne Group was an Australian healthcare and logistics company.
History
Mayne Nickless was founded in Melbourne in 1886 by John Mayne and Enoch Nickless as a parcel delivery service. Within three months it was operating 10 horse-drawn vans, by the end of the year it had 52.Background Truck & Bus Transportation July 1967 pages 94/95Mayne Nickless 100 Australian Transport April 1986 page 24
Listed on the Australian Securities Exchange in 1926, it expanded to provide freight services to all Australian capital cities and ports. It also branched into armoured car cash deliveries and international logistics.[https://web.archive.org/web/20160229032059/https://www.armaguard.com.au/about The Armaguard story] Armaguard[https://web.archive.org/web/20130404165946/http://www.interlinkexpress.com/content/about/history.jsp History] Interlink Express[https://web.archive.org/web/20170213025601/http://www.loomis.com/en/About-Loomis/History/Milestones/ Milestones] Loomis[https://www.independent.co.uk/news/business/group-4-sells-cash-transport-business-1459123.html Group 4 sells cash transport business] The Independent 4 August 1993
In 1975, it entered a joint venture with Trans Australia Airlines to form AAT Coachlines, which was sold in 1983.[https://web.archive.org/web/20160328053210/https://www.aatkings.com/about-us/our-history/ Our History] AAT Kings In 1979 it purchased cash handling company Loomis.[https://web.archive.org/web/20170202063836/http://www.canadianshipper.com/transportation-and-logistics/loomis-courier-rebrands-to-enhance-global-positioning/1000001465/ Loomis Courier rebrands to enhance global positioning] Canadian Shipper 13 August 2001 In July 1982, Mayne Nickless took a 50% shareholding in Total West in partnership with Westrail.Mayne Nickless gets nod for Westrail joint venture Truck & Bus Transportation June 1982 page 112Unique road/rail joint venture kicks off in WA in lively fashion Freight & Container Transportation September 1982 page 3Freight Deregulation Western Rails volme 5, no 4 page 10 In 1985, Mayne Nickless sold its stake in Total West to Gascoyne Trading Company.Gascoyne replaces Mayne Nickless in Total West venture Truck & Bus Transportation August 1985 page 60 In 1983, Mayne acquired a 50% shareholding in Ipec.[https://trove.nla.gov.au/newspaper/article/116404279 Mayne Nickless to buy into Ipec] Canberra Times 2 September 1983 page 14 It acquired the other 50% in 1988.[https://web.archive.org/web/20220228050840/https://archive.commercialmotor.com/article/30th-june-1988/18/-mayne-nickless-parent-company-of-farceline-in-the In Brief] Commercial Motor 30 June 1988
In 1992 Mayne Nickless took a 25% shareholding in telecommunications company Optus, this was sold in 2001.[https://web.archive.org/web/20170202084813/https://www.independent.co.uk/news/business/cw-doubles-its-stake-in-optus-1248583.html?amp C&W doubles its stake in Optus] The Independent 1 July 1997[https://web.archive.org/web/20170202065509/http://edition.cnn.com/2001/BUSINESS/asia/03/25/australia.optustime.business/ Optus brings down for sale sign] CNN 26 March 2001
After being found to have been part of a price fixing cartel along with Ansett and TNT in the early 1990s, it disposed of its remaining transport and security interests with Interlink and Ipec being sold to the Toll Group, Interlink Express to La Poste and Armaguard to Linfox.[https://web.archive.org/web/20130705195931/https://www.accc.gov.au/business/anti-competitive-behaviour/cartels/cartels-case-studies-legal-cases Freight cartel] Australian Competition & Consumer Commission[https://web.archive.org/web/20130502231233/http://www.tollgroup.com/acquisitions Acquisitions] Toll Group
In the 1990s, it diversified into healthcare, purchasing hospitals and later pathology and diagnostic businesses. In 2001 pharmaceutical company Faulding Pharmaceuticals was purchased.[https://web.archive.org/web/20041130102629/http://www.abc.net.au/pm/stories/s328256.htm Mayne Nickless places bid on FH Faulding] PM 12 July 2001
[https://web.archive.org/web/20030828204638/http://www.theage.com.au/articles/2003/08/27/1061663857126.html Bitter pill after Smedley's ripper ride on hospital-go-round] The Age 28 August 2003 In 2002, Mayne Nickless changed its name to Mayne Group.[https://web.archive.org/web/20141024064421/http://www.asx.com.au/prices/company-name-and-asx-code-changes-2002.htm Company name and ASX code changes 2002] Australian Securities Exchange
In 2000, the container parks and warehousing facilities in Sydney, Melbourne and Brisbane were sold to Lang Corporation.Mayne sells port business Truck & Bus Transportation January 2001 page 16 In 2003, Mayne's 53 hospitals were sold to Affinity Health, a consortium of Citigroup, CVC Capital Partners and GIC Private Limited.[https://web.archive.org/web/20040223031956/http://www.abc.net.au/pm/content/2003/s972017.htm Mayne Group leaves private hospital sector] PM 21 October 2003[https://web.archive.org/web/20170202195750/http://www.smh.com.au/news/Business/Affinity-Health-looks-at-12bn-float/2005/02/01/1107228699260.html Affinity Health looks at $1.2bn float] Sydney Morning Herald 2 February 2005 In November 2005, the company was split into Mayne Pharma and Symbion Health.[https://web.archive.org/web/20051208112133/http://www.abc.net.au/insidebusiness/content/2005/s1517586.htm Stock surge kick-starts Symbion] Inside Business 27 November 2005[https://web.archive.org/web/20160302004302/https://www.maynepharma.com/about-us/from-faulding-to-mayne-pharma/ From Faulding to Mayne Pharma] Mayne Pharma Mayne Pharma was taken over by Hospira in 2007.[https://web.archive.org/web/20170202052049/https://www.hospira.com.au/en/about_hospira/our_history Our History] Hospira Symbion Health was acquired by Primary Health Care in 2008.{{Cite web |last=Smith |first=Peter |date=2008-02-13 |title=Primary wins battle for Symbion |url=https://www.ft.com/content/38a709a4-da05-11dc-9bb9-0000779fd2ac |access-date=2023-10-13 |website=Financial Times}} The same year, Primary sold off Symbion's consumer business to Sanofi-Aventis and its pharmacy business to Zuellig Group.{{Cite web |date=2008-07-20 |title=Primary Health sells Symbion unit for $560m |url=https://www.smh.com.au/business/primary-health-sells-symbion-unit-for-560m-20080721-3ids.html |access-date=2023-10-13 |website=The Sydney Morning Herald |language=en}}{{Cite web |last=Sharp |first=Ari |date=2008-08-19 |title=Primary sells Symbion pharmacy for $505m |url=https://www.smh.com.au/business/primary-sells-symbion-pharmacy-for-505m-20080819-3xu6.html |access-date=2023-10-13 |website=The Sydney Morning Herald |language=en}} In 2013, EBOS Group purchased Symbion from Zuellig.{{Cite web |last=Wood |first=Alan |date=2013-05-29 |title=Ebos buys Symbion for $1.1b |url=https://www.stuff.co.nz/business/industries/8733507/Ebos-buys-Symbion-for-1-1b |access-date=2023-10-13 |website=Stuff |language=en}}