Healthia Limited is a publicly traded company hoping to turn out to be one of Australia’s major allied health businesses that offers podiatry, physiotherapy and associated services. They are listed on the Australian Stock Exchange with the opening of a $26.8 million Initial Public Offer (IPO). Healthia is the holding business which owns and manages 70 MyFootDr podiatry businesses around Australia. Additionally they operate the foot orthotics laboratory, iOrthotics and have a 50 per cent share of DBS Medical which supplies medical products. The IPO proceeds were utilised to finance the acquisition of additional podiatry clinics plus some physiotherapy and hand therapy clinics. They feel that Australia’s highly fragmented allied health industry comes with a business potential for them to supply bundled solutions to meet the need for physiotherapy and podiatry solutions as the population becomes older. They expect to achieve this by supporting clinicians minimize management problems of their practices. The vertically integrated firms including iOrthotics and DBS Medical is going to be used to push buying synergies, and to enhance the operations of current centers, generating cost savings with the increased scale and enhance practice administration.
One of the pioneers of MyFootDr, Greg Dower, was a guest on PodChatLive, the podiatry chat show. He is currently the Chief Business Development Officer at MyFootDr. Greg is the podiatrist for the Australian cricket team and is the lead in the Elvis tribute music group called the Blue Cats. This relationship with Elvis has gained Greg a lot of attention in the business media regarding the the Initial public offering of Healthia. In the PodChatLive live, Greg talked to the hosts concerning his journey from being a sole practitioner to co-owning a group of over 50 podiatry centers (which employed over 100 podiatrists) prior to the IPO and further growth. Greg described the considerable guidance programme they have got for first time graduates, and his work wiser and harder beliefs. At the conclusion of the chat he in brief showed us round his Graceland influenced living area.