Here’s why the Medibank (ASX:MPL) share price is edging higher today

The Medibank Private Ltd (ASX: MPL) share price is edging higher on Friday after the release of an announcement.

At the time of writing, the private health insurance company’s shares are up 0.5% to $3.04.

What did Medibank announce?

This morning Medibank announced that is strengthening its focus on preventative health and doctor-led partnerships through the acquisition of a non-controlling 33.4% economic interest in the Myhealth Medical Group.

According to the release, Myhealth is a leading operator of primary care clinics. It was founded in 2007 and delivers more than 2.5 million patient consultations each year.

The release notes that Myhealth is growing very quickly and has tripled its number of clinics over the last five…