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CBA buys Whitecoat, makes a move on health payments – The Australian Financial Review

The battle between CBA and NAB over business banking has become more intense, with CBA buying a health app that could challenge NAB’s health dominance via HICAPS….

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Medipass, which is backed by NAB, will fight it out for a slice of the $120 billion health payments market, and the deal could presage a land grab by the two banks for medical practices after CBA chief Matt Comyn declared a war on NAB business banking. The performance of NABs business bank will be on show when it reports half-year results on Thursday.
CBA also plans to use the acquisition of Whitecoat from other minority shareholders including health funds CBHS, nib and BUPA to back a bid to manage…

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