Healthia Limited is a publicly traded organization looking to become one of Australia’s leading allied health businesses that offers podiatry, physiotherapy and related services. The company is listed on the Australian Securities Exchange with the opening of a $26.8 million Initial Public Offer (IPO). Healthia is the holding corporation that owns and manages over 70 MyFootDr podiatry businesses all around Australia. They also operate the foot orthotics lab, iOrthotics and have a 50 per cent stake of DBS Medical which sells medical products. The Initial public offering income were put to use to fund buying of more podiatry centers plus some physiotherapy and hand therapy clinics. They think that Australia’s very fragmented allied health market provides a business prospects for them to provide bundled solutions to meet the demand for physiotherapy and podiatry solutions because the population will become more aged. They aspire to do this by helping clinicians lessen management problems within their practices. The vertically bundled businesses such as iOrthotics and DBS Medical will be useful to push buying synergies, and to optimise the operations of existing centers, creating cost benefits from the improved size and improve practice administration.
One of the leaders of MyFootDr, Greg Dower, was a guest on PodChatLive, the podiatry chat show. Greg is currently the Chief Business Development Officer at MyFootDr. He is the podiatrist for the Australian cricket team and is the lead in the Elvis Presley tribute group called the Blue Cats. This relationship with Elvis has received Greg a great deal of attention in the business media regarding the the IPO of Healthia. In the PodChatLive live, Greg talked to the hosts about his journey coming from being a sole practitioner to co-owning a chain of over 50 podiatry practices (which used over 100 podiatrists) prior to the IPO and further growth. Greg talked about the considerable guidance system they've got for new graduates, and the work wiser and harder philosophy. At the end of the chat greg quickly showed us round his Graceland influenced house.