Commonwealth Bank of Australia (CBA) has targeted the healthcare industry, launching a financial services division that provides specialist services to the sector.
The healthcare banking division will provide services to general practitioners, pharmacists, specialists, optometrists, dentists and veterinary surgeons.
The services include commercial financing for mergers and acquisitions, succession planning, banking services, superannuation and business insurance.
The new division was developed in conjunction with industry bodies and health industry representatives.
"The preparatory in-market research has played a significant role in helping us develop healthcare banking and ensure we are able to provide customers in this sector the financial services and support they need," CBA executive general manager Robert De Luca said.
Staff working in the new division have also received specialist training with formal accreditation from the health industry.
"This will ensure specialists have a strong understanding of the key healthcare industries," De Luca said.
The division has also secured relationships with financial planners and accountants who work in healthcare businesses.
