Telstra invests in Fred IT Group

The telco is continuing to build up its focus on the health sector

Telstra is taking a 50 per cent interest in IT services and pharmacy software provider, Fred IT Group.

The investment is part of Telstra’s focus on building capability in the health sector.

It follows on from Telstra’s previous acquisitions of healthcare software company DCA eHealth Solutions and recent investments in electronic health record specialist IPHealth and online health appointment booking company, HealthEngine.

Telstra’s Head of Health, Shane Solomon, said it will work with Fred IT to continue to build on its established foundations. He highlighted its national electronic prescriptions exchange network development, eRx Script Exchange, which connects more than 15,500 doctors and 3900 pharmacies.

Fred IT Group CEO and pharmacist, Paul Naismith, said the strategic partnership with Telstra allows it to continue to invest in eHealth and Cloud computing.

The Pharmacy Guild of Australia, will retain a significant investment in Fred and sees this new partnership as opening further opportunities for exploring national eHealth initiatives that can improve access to care.

“This partnership acknowledges the importance of pharmacists in the future of health, across the spectrum of medicine management and compliance, and full health records,” National Guild President, Kos Sclavos, said.

The Guild has also signed a separate Memorandum of Understanding with Telstra to identify opportunities to work together to build on the role of pharmacies in the community.

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