Endeavour Healthcare sold Accord Pathology to Sonic Healthcare Ltd for about $28 million in October last year.
WA Business News understands Endeavour Healthcare’s main investors, including Kerry Packer’s Consolidated Press Investment, have exited the company.
Mr Poynton, who would not disclose what he paid for Prime Health Group, believes there are strong growth opportunities for health injury management.
“[If you] think about it from a macro point of view there’s a skills shortage,” he said.
“So it’s hard to recruit new staff, and everyone is working a lot longer so the whole area of employee wellbeing, both from an operational perspective and liabilities as a director, it is very important.”
Mr Poynton’s company, Mulloway Pty Ltd, took over Prime Health Group on December 1 2004.
Prime Health Group employs 55 full-time staff and 20 contractors and accounts for one third of WA’s occupational healthcare market.
Mr Poynton said the business would most likely expand to the east coast.