The Players

Greg Hunt.
In the Beginning.

In the beginning there was Genesis. A private equity fund buying into NDIS therapy, aged and disability care, dentists and GPs, with the former health minister as its senior adviser.

The man who led the NDIS rollout chairs one of its companies. The chair of nib chairs the fund.

Newsprint cut-out of Greg Hunt’s head and shoulders.
$190m

Genesis Capital’s first fund, closed in late 2021.[4]

$54.1m

In COVID contracts to Westlab while he was health minister.[13]

$80.8m

More to Westlab in the 11 months after he left.[13]

3–4

Leaders a year trained by Genesis for roles in its companies.[5]

Genesis

Genesis Capital is a private equity firm that only invests in healthcare. These are the people it lists at the top.[1][2]

Chris Yoo and Dr Michael CaristoFounders and managing directors
David GordonChair of Genesis Capital. Also chair of nib since May 2020, and of Genesis Capital Manager I and II.[1][7]
Hon. Greg HuntSenior Advisor. Health minister until the 2022 election.[1][15]
Ian MaynardChair of Therapy Pro and Australian Health and Therapy Group. He led the NDIS rollout.[1][2] The Revolving Door

What Genesis owns[3][4]

  • Therapy Pro, 2021: mobile psychologists, occupational therapists, speech pathologists and social workers in Queensland and Victoria, described as NDIS-focused
  • General Homecare: community aged and disability care
  • Pacific Smiles Group, 2024: Australia’s second-largest dental network, 126 centres
  • Impression Dental Group, 2021
  • SmartClinics GP network, partly sold to Livingbridge in 2021
  • Sana Health Group, 2021: residential addiction, mental health and eating disorder care
  • HealthBright, 2022: tele-mental health
  • Crux Biolabs, Momentum Clinical Research, Evaris Pharma and Life Care (New Zealand)

The Leaders Program[5]

Genesis picks three or four leaders a year and trains them for roles in its companies. Chris Yoo says the aim is “an outsized impact on the Australian healthcare sector.”

Australian Health and Therapy Group is a registered NDIS provider.[16]

The Minister

  1. 2018As health minister he oversees the switch of My Health Record to opt-out. Everyone gets a record unless they opt out between 16 July and 15 November 2018.[11]
  2. 2020 to 2022Westlab, owned by a Brethren family, gets $54.1 million in COVID contracts from his department.[13]
  3. 11 May 2021He announces $17.7 billion in response to the aged care royal commission.[12]
  4. May 2022He leaves parliament at the election.[15]
  5. 2022Within months he is working for Connected Global, whose owners run Westlab. Westlab gets $80.8 million more in the 11 months after he leaves. His spokesman says he had no dealings with them as minister.[13]
  6. 2024He joins the board of the biotech HaemaLogiX.[14] Genesis introduces him as its senior adviser at its 2024 portfolio conference.[6]

nib, Thrive and the Fitzgibbons

  1. 2009Defence minister Joel Fitzgibbon resigns after his brother Mark, then chief executive of nib, used the minister’s office to lobby for defence health contracts. Liberal senator David Johnston: “You can’t have your relative getting a walk-up start for $200 million contracts.”[9]
  2. May 2020David Gordon becomes chair of nib. He also chairs Genesis Capital.[7][1]
  3. Nownib runs nib Thrive, a registered NDIS plan manager, registration 4050033778.[8] Joel Fitzgibbon is special counsel to the lobbying firm CMAX Advisory.[10]

For an Integrity Royal Commission

  • Every meeting between Hunt, Maynard, Gordon and ministers, the NDIA or the Department of Health since 2022.
  • What Genesis companies have been paid from the NDIS, aged care and Medicare, and since when.
  • Whether anyone at Genesis or nib helped shape NDIS pricing, plan management or allied health rules.
  • Who the Genesis leaders program has placed, and where they worked before.
  • Why a former health minister and the man who led the NDIS rollout now sit at the top of a fund buying the services they ran.
The Revolving DoorWho went where. Read it The PlayersEveryone on the list. Read it

Sources

  1. Genesis Capital, team page. https://genesiscapital.com.au/team/
  2. Genesis Capital, home page, board and portfolio chairs. https://gc.genesiscapital.com.au/
  3. Genesis Capital, portfolio. https://gc.genesiscapital.com.au/portfolio/
  4. Private Equity Media, Healthcare firm takes majority stake in clinical testing lab, 5 August 2022. https://www.privateequitymedia.com.au/news/investment-activity/healthcare-firm-takes-majority-stake-in-clinical-t/
  5. Genesis Capital, Private Equity Leaders Program. https://gc.genesiscapital.com.au/private-equity-leaders-program/
  6. Genesis Capital, LinkedIn post on its 2024 portfolio conference, September 2024. https://www.linkedin.com/posts/genesis-capital-australia_and-thats-a-wrap-on-the-genesis-capital-activity-7243802896302030848-mX3F
  7. Motley Fool, nib holdings, directors (David Gordon). https://www.fool.com.au/tickers/asx-nhf/
  8. nib, nib Thrive plan management. https://www.nib.com.au/thrive
  9. ABC News, Opposition targets Fitzgibbon over brothers, 4 June 2009; Sydney Morning Herald, Secret payments to Labor MP listed in Liu files, 2 February 2010. https://www.abc.net.au/news/2009-06-04/opposition-targets-fitzgibbon-over-brothers/1702830 https://www.smh.com.au/national/secret-payments-to-labor-mp-listed-in-liu-files-20100202-nb49.html
  10. ABC Four Corners, Dozens of government insiders lobbying for defence industry, analysis shows, 24 August 2026. https://www.abc.net.au/news/2026-08-24/defence-insiders-now-lobbying-for-industry-analysis-shows/107046326
  11. Greg Hunt, My Health Record opt-out period extended, 2018; Australian Digital Health Agency, My Health Record opt out date announced, May 2018. https://www.health.gov.au/ministers/the-hon-greg-hunt-mp/media/my-health-record-opt-out-period-extended?language=en https://www.digitalhealth.gov.au/sites/default/files/migrated/Media%20release%20-%20My%20Health%20Record%20opt%20out%20date%20announced_May%202018.pdf
  12. Greg Hunt, Generational change and record investment in the health of Australians, 11 May 2021. https://www.greghunt.com.au/generational-change-and-record-investment-in-the-health-of-australians/
  13. ABC Four Corners, Former minister Greg Hunt works for Brethren company, 13 September 2025. https://www.abc.net.au/news/2025-09-13/greg-hunt-plymouth-brethren-liberal-party-four-corners/105767402
  14. Australian Financial Review, Former Liberal health minister appointed to cancer biotech’s board, 17 May 2024. https://www.afr.com/companies/healthcare-and-fitness/former-liberal-health-minister-appointed-to-cancer-biotech-s-board-20240517-p5jee4
  15. Crikey, Christian Porter closes shop, 6 February 2025 (Hunt’s retirement at the 2022 election). https://www.crikey.com.au/2025/02/06/christian-porter-law-firm-abc-defamation-cases/
  16. NDIS Quality and Safeguards Commission, provider register, Australian Health and Therapy Group Pty Ltd. https://www.ndiscommission.gov.au/provider-registration/australian-health-and-therapy-group-pty-ltd
  17. Photo: Commonwealth of Australia, CC BY 4.0, via Wikimedia Commons. Cut out and halftoned by Enough. https://commons.wikimedia.org/wiki/File:Greg_Hunt_(cropped).jpg

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