Healthia Limited is a publicly listed corporation planning to turn out to be one of Australia’s leading allied health companies which provides podiatry, physiotherapy and related products. The company is 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 runs over 70 MyFootDr podiatry offices throughout Australia. Additionally they have the foot orthotics lab, iOrthotics and have a 50 per cent share of DBS Medical which supplies healthcare products. The Initial public offering income were used to invest in purchasing of more podiatry clinics and some physiotherapy and hand therapy clinics. They think that Australia’s very fragmented allied health industry comes with a commercial opportunity for them to supply integrated solutions to meet the demand for physiotherapy and podiatry solutions as the population will become older. Healthia want to accomplish this by helping clinicians lessen management burdens within their practices. The vertically bundled enterprises including iOrthotics and DBS Medical will be useful to generate purchasing synergies, and also to enhance the operations of current centers, producing financial savings through the increased scale and enhance practice operations.
One of the pioneers of MyFootDr, Greg Dower, was a guest on PodChatLive, the podiatry livestream show. He has become the Chief Business Development Officer at MyFootDr. Greg is the podiatrist for the Australian cricket team and is the lead in the Elvis tribute band called the Blue Cats. This particular reference to Elvis has received Greg lots of attention in the business media regarding the the IPO of Healthia. In the Greg Dower livestream, Greg talked to the hosts concerning his path coming from being a sole podiatrist to co-owning a group of over 50 podiatry centers (which used over 100 podiatrists) ahead of the IPO and further expansion. Greg talked about the extensive coaching programme they have got for new graduates, and the work wiser and harder viewpoint. At the end of the chat greg in brief showed us round his Graceland influenced dining room.