Healthia Limited is a publicly traded corporation aiming to become among Australia’s major allied health companies which offers podiatry, physiotherapy and associated products. 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 which owns and runs 70 MyFootDr podiatry clinics all around Australia. Additionally they have the foot orthotics lab, iOrthotics and have a 50 % share of DBS Medical that supplies medical products. The Initial public offering income were used to fund the purchase of additional podiatry businesses and some physiotherapy and hand therapy clinics. They believe that Australia’s very fragmented allied health market comes with a commercial prospects for them to supply bundled services to satisfy the demand for physiotherapy and podiatry providers because the populace will become older. They want to accomplish this by supporting clinicians cut down administrative problems within their practices. The vertically bundled businesses such as iOrthotics and DBS Medical will be used to drive purchasing synergies, and also to enhance the operations of current clinics, producing financial savings from the improved size and enhance practice administration.
One of the founders of MyFootDr, Greg Dower, was a guest on PodChatLive, the podiatry live show. He is currently the Chief Business Development Officer at MyFootDr. He is the podiatrist for the Australian cricket team and is also the lead in the Elvis Presley tribute music group called the Blue Cats. This reference to Elvis has gained Greg a lot of interest in the business media regarding the the Initial public offering of Healthia. In the PodChatLive livestream, Greg talked to the hosts concerning his journey coming from being a sole practitioner to co-owning a group of over 50 podiatry practices (which employed over 100 podiatrists) prior to the IPO and further expansion. He discussed the extensive coaching programme they have for new graduates, and the work smarter and harder beliefs. At the end of the talk greg in brief showed us round his Graceland inspired lounge.