Healthia Limited is a publicly traded corporation aiming to turn out to be among Australia’s foremost allied health companies which offers podiatry, physiotherapy and associated products. They are listed on the Australian Securities Exchange with the opening of a $26.8 million Initial Public Offer (IPO). Healthia is the holding company that owns and runs 70 MyFootDr podiatry centers all around Australia. They also operate the foot orthotics laboratory, iOrthotics and also have a 50 per cent share of DBS Medical that sells medical products. The Initial public offering proceeds were used to finance the acquisition of additional podiatry clinics and some physiotherapy and hand therapy businesses. They think that Australia’s highly fragmented allied health market offers a commercial opportunity for them to supply bundled services to fulfill the need for physiotherapy and podiatry services because the population becomes older. Healthia want to do this by helping clinicians lower administrative burdens within their practices. The vertically bundled firms such as iOrthotics and DBS Medical is going to be used to drive buying synergies, and also to optimise the functions of existing businesses, creating cost savings through the increased size and advance practice management.
One of the pioneers of MyFootDr, Greg Dower, was a guest on PodChatLive, the podiatry live show. Greg is now the Chief Business Development Officer at MyFootDr. Greg is the podiatrist for the Australian cricket team and is also the lead in the Elvis Presley tribute group called the Blue Cats. This particular relationship with Elvis has gained Greg a lot of interest in the business press in connection with the IPO of Healthia. In the PodChatLve livestream, Greg talked to the hosts concerning his journey from being a sole podiatrist to co-owning a group of over 50 podiatry businesses (which used over 100 podiatrists) ahead of the IPO and further growth. Greg talked about the extensive mentoring program they've got for first time graduates, and the work smarter and harder beliefs. At the conclusion of the talk he quickly showed us round his Graceland influenced dining room.