nib has completed the acquisition of its fourth NDIS plan manager, All Disability Plan Management, based in Port Macquarie, New South Wales.
nib previously announced an intention to enter Australia’s National Disability Insurance Scheme (NDIS) with a $158.1 million capital raise and the purchase of its first plan manager, Maple Plan, in November 2022. nib also launched nib Thrive, the brand name for its NDIS business.
Since November 2022, the company has completed the purchase of its second and third plan managers - Victoria’s Peak Plan Management and Queensland-based Connect Plan Management.
nib Thrive chief executive Martin Adlington said purchasing All Disability Plan Management brings greater depth to nib Thrive’s business along Australia’s east coast.
“Much like our other acquisitions, All Disability is a high-quality business that provides a consistent and elevated level of care to participants,” said Mr Adlington.
“Founder, Jo Hollis and her team have a very strong reputation across the mid-North Coast. We aim to continue to meet those participants’ needs and further grow the business.”
Mr Adlington said nib Thrive has several acquisitions under active consideration that are anticipated to complete over the coming months. If successful, nib Thrive will have a participant base of approximately 33,000. This makes nib Thrive one of the top three plan managers in the NDIS.