Healthia Limited is a publicly traded business hoping to become among Australia’s top allied health companies that provides 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 business that owns and runs 70 MyFootDr podiatry businesses all around Australia. Additionally, they own the foot orthotics laboratory, iOrthotics and also have a 50 % share of DBS Medical which supplies medical products. The IPO proceeds were used to finance the acquisition of additional podiatry centers and some physiotherapy and hand therapy practices. They believe that Australia’s very fragmented allied health industry offers a commercial prospects for them to offer bundled services to satisfy the need for physiotherapy and podiatry solutions because the population will become more aged. Healthia hope to accomplish this by supporting clinicians cut down administrative problems of their practices. The vertically incorporated firms including iOrthotics and DBS Medical will be useful to push purchasing synergies, and to enhance the functions of existing practices, creating cost benefits through the improved scale and improve practice management.

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 tribute group called the Blue Cats. This particular relationship with Elvis has received Greg plenty of interest in the business press regarding the the IPO of Healthia. In the edition of PodChatLive show, Greg talked to the hosts about his journey coming from being a sole practitioner to co-owning a chain of over 50 podiatry clinics (which used over 100 podiatrists) ahead of the IPO and further growth. He discussed the extensive coaching program they have got for first time graduates, and the work smarter and harder viewpoint. At the conclusion of the discussion he in brief showed us round his Graceland inspired lounge.