Healthia Limited is a publicly listed organization aiming to become one of Australia’s major allied health companies which offers podiatry, physiotherapy and associated services. They are listed on the Australian Stock Exchange with the sale of a $26.8 million Initial Public Offer (IPO). Healthia is the holding business which owns and manages over 70 MyFootDr podiatry centers all around Australia. They also operate the foot orthotics laboratory, iOrthotics and have a 50 per cent share of DBS Medical that sells medical products. The IPO income were used to invest in buying of more podiatry businesses plus some physiotherapy and hand therapy clinics. They think that Australia’s very fragmented allied health industry comes with a commercial potential for them to supply integrated services to fulfill the need for physiotherapy and podiatry providers because the populace will become older. Healthia hope to do this by helping clinicians decrease administrative worries of their practices. The vertically incorporated firms including iOrthotics and DBS Medical will be used to generate purchasing synergies, and to optimise the operations of current businesses, making financial savings from the increased size and improve practice operations.
One of the pioneers of MyFootDr, Greg Dower, was a guest on PodChatLive, the podiatry live show. He 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 tribute band called the Blue Cats. This connection with Elvis has received Greg lots of interest in the business media regarding the the IPO of Healthia. In the PodChatLive show, Greg talked to the hosts about his path coming from being a sole practitioner to co-owning a chain of over 50 podiatry practices (which employed over 100 podiatrists) ahead of the IPO and further growth. He discussed the considerable support programme they have for new graduates, and the work wiser and harder beliefs. At the conclusion of the episode he quickly showed us round his Graceland influenced house.