Aug 13, 2026 – 12.07pmFormer professional rugby league footballer Adam “Mad Dog” MacDougall is ready to trim the fat at Cranky Health, a month after he agreed terms to buy back the ailing business from Pacific Equity Partners.All staff this month have begun receiving redundancy letters signed by interim chief executive officer Craig White. AFRSarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones.Kanika Sood is a journalist based in Sydney who writes for the Street Talk column.Angira Bharadwaj is a co-editor of Street Talk. She covers IPOs, capital raises, mergers and acquisitions and other breaking news in Australia’s capital markets. Previously, she covered financial services, state, and federal politics. Send tips to @angirab.60 on encrypted messaging platform Signal.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber?