Vision Eye Institute’s owner pounces on Primary Health

Primary’s chief executive Mr Peter Gregg says he will approach Jangho Group to gauge its intentions.
Meanwhile, Mr Gregg says he is suing Fairfax Media for defamation following reports linking him with widespread corruption and graft in the oil industry, which were published in The Sydney Morning Herald and The Age on 31 March.
Mr Gregg denies the allegations and said he will commence legal action against the relevant journalists as well as Fairfax Media.
Jangho erged with its stake in Primary Health Care – the listed pathology, diagnostic imaging and medical centre group that once owned just under 20 per cent of Vision Eye Institute but which sold off its holding.
Mr Gregg wrote to his staff on 18 March saying Jangho’s intentions were unclear, but “considering media speculation around Primary as a takeover target, we will discuss such matters with Jangho”.
“Regardless of any investors’ intentions in our company, we are confident in the future success of Primary. What this recent development indicates is the strength of the business, our health-care practitioners who contribute every day to the company’s success, and the supportive industry dynamics in healthcare,” Mr Gregg told staff.
“We will keep you updated of any further material developments but in the meantime it is business as usual and our focus rains on delivering the excellent standard of care our patients have come to expect.”
Jangho Group came to notice in 2015 with its $198 million acquisition of then ASX-listed eye-care group Vision Eye Institute.