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Healthia and the Podiatry Business

Healthia Limited is a publicly traded company aiming to grow to be among Australia’s leading allied health firms that offers podiatry, physiotherapy and related products. They are listed on the Australian Stock Exchange with the opening of a $26.8 million Initial Public Offer (IPO). Healthia is the holding corporation which is the owner of and manages over 70 MyFootDr podiatry practices around Australia. Additionally, they own the foot orthotics lab, iOrthotics and have a 50 per cent share of DBS Medical that sells healthcare products. The Initial public offering income were utilised to invest in the acquisition of additional podiatry businesses plus some physiotherapy and hand therapy clinics. They feel that Australia’s very fragmented allied health industry comes with a commercial potential for them to provide bundled services to fulfill the need for physiotherapy and podiatry services as the population will become older. Healthia want to accomplish this by helping clinicians reduce administrative worries of their practices. The vertically bundled businesses such as iOrthotics and DBS Medical is going to be used to drive purchasing synergies, and to enhance the operations of current businesses, creating cost benefits from the improved size and improve practice management.

One of the founders 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 also the lead in the Elvis tribute band called the Blue Cats. This relationship with Elvis has gained Greg a great deal of interest in the business media regarding the the Initial public offering of Healthia. In the PodChatLive show, Greg spoke with the hosts about his path from being a sole practitioner to co-owning a chain of over 50 podiatry practices (which employed over 100 podiatrists) prior to the IPO and further growth. He discussed the extensive mentoring system they've got for new graduates, and the work wiser and harder beliefs. At the conclusion of the discussion greg in brief showed us round his Graceland influenced house.