As a values-based mutual organisation, Queensland Country’s vision is to provide better lives for Queenslanders through better health and financial services. We do this by delivering competitive products and services that benefit Members and policyholders. In the past 12 months, we have given considerable thought to how we will compete effectively into the future when our larger competitors are investing heavily in digital transformation. With this digital investment in mind, Queensland Country Bank has agreed for Queensland Country Health Fund to be acquired by HBF. HBF is Australia’s second largest non-for-profit health fund. HBF’s acquisition of Queensland Country Health Fund will see Members become part of Australia’s most trusted private health fund (Roy Morgan).
The acquisition will enable Queensland Country Bank to focus on progressing significant digital transformations that will provide better services and products for our valued Members.
HBF is progressing a significant digital transformation of its own and due to their considerable financial resources, the acquisition of QCHF by HBF will enable our Members to benefit from this digital transformation and ensure competitive health insurance policies can be offered in the future. The transaction will provide QCHF policy holders with the support of a large, specialist, not-for-profit, private health insurer and will further increase HBF’s Queensland presence following its purchase of Queensland-based CUA Health (CUA) last year. As part of the agreement with HBF, Queensland Country Bank will continue to sell and service Queensland Country Health Fund Members through our branch network.
Queensland Country and HBF have a lot in common – both are successful, purpose-driven organisations with a long history of delivering for Members in the moments that matter.
A Message from our CEO