Australia: HESTA expands into digital healthcare innovation with A$120m investment in new Citadel/Genie combination

Health Employees Superannuation Trust Australia (HESTA), the Australian industry superannuation fund for workers in health and community service sectors, is expanding its investment in Australian health software solutions, with the acquisition of a A$120m (US$85.2m) equity stake in the newly-combined Genie Solutions and Citadel Group. Citadel acquired Genie Solutions last month. Genie Solutions provides practice…