Geoffrey Walter Edelsten was an Australian medical entrepreneur who founded Allied Medical Group know all about him in this article as like as Family, Net Worth, Parents, Wife, Children, Cause of Death and Biography
|Birthdate ( Age)||2 May 1943|
|Died||Jun 11, 2021|
|Wife/Partner||Gabi Grecko (m. 2015), Brynne Edelsten (m. 2009–2014), Leanne Nesbitt (m. 1984–1988)|
|Children||1 Son Matthew Beard|
|Profession||Australian medical entrepreneur who founded Allied Medical Group|
|Parents||Hymie Edelsten, Esther Edelsten|
|Net Worth||$63 million AUD|
Geoffrey Walter Edelsten was an Australian medical entrepreneur who founded Allied Medical Group. Edelsten was a GP whose unconventional clinics and lifestyle attracted media attention within the 1980s.He owned mansions, helicopters, and a fleet of Rolls-Royces and Lamborghinis with license plates like Macho, Spunky and Sexy. His multidisciplinary clinics – the forerunners of recent corporate medical practices – were open 24 hours, and were fitted with chandeliers, grand pianos, and mink-covered examination tables.
He was deregistered in New South Wales in 1988 and later in Victoria. In 1990, he was jailed for perverting the course of justice and soliciting Christopher Dale Flannery to assault a former patient.In 2005, Edelsten and a business partner founded Allied Medical Group, which by 2010 administered 17 medical centres and employed around 250 general practitioners.Edelsten wasn’t , however, a shareholder or owner of the corporate .
Early Life and Family
Edelsten was born in Carlton, an inner suburb of Melbourne, on 2 May 1943. He attended Princes Hill Public School and, in 1960, matriculated from Mount Scopus Memorial College, Australia’s first Jewish co-educational school. He went on to review at the University of Melbourne, graduating with a Bachelor of drugs , Bachelor of Surgery degree in 1966.
Geoffrey Edelsten Wife
Edelsten met and married his first wife, Leanne Nesbitt, within the early 1980s. She was 19 years old and dealing as a model. During this era , his flamboyant lifestyle attracted media attention – he owned mansions, a eleven , a fleet of Rolls-Royces and Lamborghinis with license plates like Macho, Spunky and Sexy,and was associated, within the media, with a pink helicopter.The couple was divorced after three years of marriage.
In June 2012, thieves stole luxury cars belonging to Edelsten, worth quite $1.4 million. Among them was a Lamborghini Aventador worth approximately $800,000 one among only a couple of Aventadors in Australia.In January 2014, it had been announced that Edelsten’s marriage to Brynne was over. Brynne cited “her publicity-obsessed husband for a reported dalliance with another woman quite 18 months ago”.In July 2014 it had been announced that Edelsten intended to marry Gabi Grecko, who is 46 years younger.Edelsten and Grecko married on 11 June 2015.
Geoffrey Edelsten Net Worth
Geoffrey Walter Edelsten was an Australian medical entrepreneur who founded Allied Medical Group who has an estimated Net Worth of $63 million AUD in 2021.
Medical Career : Following his graduation in 1966, Edelsten practised as a resident medic at the Royal Melbourne Hospital before entering general practice. As a GP , he worked in remote rural regions of latest South Wales and Queensland, including the towns of Wauchope, Aramac and Walgett, where he bought his first private practice. He obtained a personal pilot’s licence so as to supply medical services to remote communities – often at no cost to patients once they couldn’t afford to pay.
In 1969, he and a colleague found out a replacement practice within the Sydney suburb of Coogee. After training an assistant doctor to perform the add Walgett, Edelsten devoted longer to the Sydney practice, which soon expanded to Liverpool.</span
In 1971, Edelsten and a colleague, Tom Wenkart, launched Preventicare,a Sydney-based company providing diagnostic tests and computerised history-taking for doctors throughout Australia, using new equipment from the us which could quickly and cheaply process pathology specimens.
Preventicare quickly incurred debts, because a number of its operations were economically unsound, and since of the slow payment of patients’ accounts totalling much more than the company’s debts. In July 1971, the Equity Court appointed a provisional liquidator to act as a short lived business manager to place the company’s financial affairs so as .
Later that year, the overall Manager of Preventicare, Brian Wickens, reported that the organisation was on a sound financial footing.By 1975 – and under the new name of Morlea Pathology Services – it recorded annual profits of $2.5 million to $3 million.Macquarie Professional Services is that the successor to Preventicare. During this era , Edelsten and his colleagues established eight practices within the Sydney area, and performed obstetrics at three western Sydney hospitals.After three years in l. a. , California, Edelsten returned to Australia in 1978 to resume his general practice, surgical and obstetric commitments.
Following the establishment of Medicare by the Hawke government in February 1984, Edelsten began to run innovative and multi-disciplinary 24-hour medical centres which were the forerunners of recent corporate medical practices.Decorated with chandeliers, white grand pianos and mink-covered examination tables, the clinics attracted considerable media attention.
Edelsten’s clinics were the primary in Australia to bulk-bill patients to Medicare in order that they incurred no direct cost. Within four months of opening, the primary clinic was handling 2,000 patients hebdomadally . Edelsten eventually owned thirteen medical centres, during which approximately 20,000 patients consulted 200 doctors hebdomadally .
Sydney Swans : In 1985, Edelsten became the primary private owner of a serious Australian eleven – the Sydney Swans.In July 1986, Edelsten tried to shop for the Cronulla-Sutherland Sharks rugby league team, but his offer was refused by the game’s administrators.Edelsten was a long-term benefactor of the Carlton Football Club and in March 2013 the club awarded him life membership.
Allied Medical Group : In 2005, Edelsten and a business partner founded Allied Medical Group. Allied Medical Group employs approximately 250 general practitioners,and runs seventeen “Superclinics” in Victoria, three in Queensland, and one in South Australia . The clinics offer extended opening hours and bulk-billing for patients to Medicare for many services, in order that the patient incurs no direct cost. In 2011, Allied Medical Group was sold to Sonic Healthcare, during a deal worth up to $200 million.
Australian businessman Geoffrey Edelsten has been found dead in his Melbourne home.Victoria Police confirmed that the body of a man in his late 70s was discovered in a St Kilda Road apartment on Friday afternoon.