Healthia Limited is a publicly listed organization planning to turn out to be among Australia’s foremost allied health companies that offers podiatry, physiotherapy and associated products. The company is listed on the Australian Stock Exchange with the sale of a $26.8 million Initial Public Offer (IPO). Healthia is the holding corporation which owns and runs over 70 MyFootDr podiatry businesses around Australia. Additionally, they own the foot orthotics laboratory, iOrthotics and have a 50 % stake of DBS Medical that supplies healthcare products. The Initial public offering proceeds were used to fund the purchase of additional podiatry practices plus some physiotherapy and hand therapy businesses. They believe that Australia’s highly fragmented allied health market offers a business opportunity for them to supply bundled solutions in order to meet the demand for physiotherapy and podiatry services since the populace will become older. They hope to do that by supporting clinicians minimize administrative problems within their practices. The vertically integrated companies such as iOrthotics and DBS Medical is going to be useful to push buying synergies, and to enhance the procedures of current practices, making cost savings from the increased scale and advance practice management.
One of the leaders of MyFootDr, Greg Dower, was a guest on PodChatLive, the podiatry chat show. Greg is now the Chief Business Development Officer at MyFootDr. He is the podiatrist for the Australian cricket team and is the lead in the Elvis tribute music group called the Blue Cats. This particular connection with Elvis has gained Greg a lot of interest in the business press regarding the the Initial public offering of Healthia. In the PodChatLive show, Greg talked to the hosts concerning his path coming from being a sole podiatrist to co-owning a chain of over 50 podiatry offices (which employed over 100 podiatrists) ahead of the IPO and further expansion. He talked about the extensive support system they have got for first time graduates, and his work wiser and harder viewpoint. At the conclusion of the discussion he quickly showed us round his Graceland influenced dining area.