Welcome to the Podiatry Arena forums

You are currently viewing our podiatry forum as a guest which gives you limited access to view all podiatry discussions and access our other features. By joining our free global community of Podiatrists and other interested foot health care professionals you will have access to post podiatry topics (answer and ask questions), communicate privately with other members, upload content, view attachments, receive a weekly email update of new discussions, access other special features. Registered users do not get displayed the advertisements in posted messages. Registration is fast, simple and absolutely free so please, join our global Podiatry community today!

  1. Have you considered the Clinical Biomechanics Boot Camp Online, for taking it to the next level? See here for more.
    Dismiss Notice
Dismiss Notice
Have you considered the Clinical Biomechanics Boot Camp Online, for taking it to the next level? See here for more.
Dismiss Notice
Have you liked us on Facebook to get our updates? Please do. Click here for our Facebook page.
Dismiss Notice
Do you get the weekly newsletter that Podiatry Arena sends out to update everybody? If not, click here to organise this.

myFootDr initial public offering

Discussion in 'Australia' started by NewsBot, Jul 25, 2018.

Tags:
  1. NewsBot

    NewsBot The Admin that posts the news.

    Articles:
    1

    Members do not see these Ads. Sign Up.
    https://www.afr.com/street-talk/terms-out-for-podiatry-rollup-healthia-groups-ipo-20180725-h134e8
     
  2. NewsBot

    NewsBot The Admin that posts the news.

    Articles:
    1
  3. NewsBot

    NewsBot The Admin that posts the news.

    Articles:
    1
    Press Release:
    Glen Richards-Backed Healthia Limited to List on the ASX
    $26.8m Initial Public Offer Opens

    BRISBANE, Australia--(BUSINESS WIRE)--Healthia Limited (Healthia or the Company), is aiming to become one of Australia’s leading allied health companies offering podiatry, physiotherapy and related services, with the opening of a $26.8 million Initial Public Offer (IPO) to list on the Australian Securities Exchange.

    “Through cross-referrals, improved management systems as well as an attractive clinician retention program, we have an opportunity to create a leading allied health provider group delivering high-quality services to the community.”

    Healthia, which is the holding company that owns and operates 56 My FootDr podiatry clinics, orthotics laboratory iOrthotics and 50 per cent of allied health supplies business D.B.S. Medical intends to use the IPO proceeds to fund the acquisition of additional podiatry, physiotherapy and hand therapy businesses.

    Following completion of the acquisitions, the group will operate 72 podiatry clinics under the My FootDr brand, 23 physiotherapy clinics under the Allsports Physiotherapy brand, seven hand therapy clinics under the Extend Rehabilitation brand, iOrthotics, and a 75 per cent stake in D.B.S. Medical. Healthia also intends to introduce podiatry services into physiotherapy clinics where these services do not already exist.

    According to IBISWorld industry data, the Australian podiatry sector generated revenue of $900 million in 2017 and the physiotherapy sector $1.7 billion.

    Healthia says funds raised and a listing on the ASX will help it complete acquisitions, give it access to capital markets, provide the benefit of a public profile as a listed entity, allow existing shareholders to realise some of the value in My FootDr podiatry clinics, and provide funds for more acquisitions.

    Healthia believes that Australia’s highly fragmented allied health industry offers a commercial opportunity for an integrated provider to meet an increasing demand for physiotherapy and podiatry services as the population ages and becomes more health-conscious, and to help clinicians reduce administrative burdens within their practices.

    Healthia chairman Glen Richards, who is also co-founder of the Greencross veterinary and pet care group, and a judge on Channel Ten’s Shark Tank program, said Healthia can become a leading allied health provider.

    “The integration of these well-established podiatry and physiotherapy businesses, combined with the opportunity to acquire additional practices at attractive multiples and vertically integrate two aligned wholesale supply businesses, is a compelling commercial opportunity,” Dr Richards said.

    “Through cross-referrals, improved management systems as well as an attractive clinician retention program, we have an opportunity to create a leading allied health provider group delivering high-quality services to the community.”

    Healthia is offering about 26.8 million ordinary shares at $1 .00 per share under its Chairman’s List Offer, Broker Firm Offer and Institutional Offer. The Company is also offering an additional 7.5 million shares at $1.00 per share to eligible clinicians (Clinician Participation Offer) as part consideration for the clinicians’ health businesses.

    The Company’s indicative market capitalisation is about A$63 million upon listing on the ASX.

    Upon listing on the ASX, Healthia aims to deliver increased revenue and profits through long-term organic growth, further acquisitions of complementary allied health businesses, and centralised support initiatives.

    The Company aims to use the vertically integrated businesses such as iOrthotics and D.B.S. Medical to drive buying synergies, optimise the operations of existing clinics, generate cost savings through scale and improve practice management.

    In addition to long-term organic growth, Healthia will focus on the retention and incentivisation of its clinicians through the Clinician Retention Program (CRP) to ensure that the interests of clinicians and shareholders are aligned. Apart from a series of structured education and training initiatives, the CRP will provide clinicians with the opportunity to own a portion of the clinic that they work in via Clinic Class Shares (CCS).

    Healthia’s IPO expects to start trading on the ASX on 11 September 2018.

    The IPO is fully underwritten by Canaccord Genuity (Australia) Limited.

    The offer of shares for issue by Healthia Limited is made under a prospectus lodged with the Australian Securities and Investments Commission (ASIC) on 31 July 2018. Copies of the prospectus are available on the IPO website at https://www.healthia.com.au/key-documents/

    For further information about Healthia Limited, and the IPO, please refer to the prospectus. Potential investors should consider the prospectus in its entirety before deciding whether to buy shares.

    About Healthia
    Healthia Limited is an integrated group of health-based companies whose mission is to enrich the lives of people through world-class health services. The group operates an integrated portfolio of allied health businesses which include My FootDr, Allsports Physiotherapy, Extend Rehabilitation, iOrthotics and D.B.S. Medical Supplies.
     
  4. NewsBot

    NewsBot The Admin that posts the news.

    Articles:
    1
  5. NewsBot

    NewsBot The Admin that posts the news.

    Articles:
    1
    Press Release:
    NATIONAL HEALTHCARE OPERATOR ANNOUNCES NEW ACQUISITIONS, DELIVERING ADDITIONAL $1.34M EARNINGS
    National healthcare operator announces new acquisitions, delivering additional $1.34m earnings
    04/07/2019 - Alfred Chan|News
    Healthcare operator Healthia Limited (ASX: HLA) has extended its portfolio of allied health businesses, today announcing the acquisition of a further 6 podiatry clinics and 3 physiotherapy clinics.

    Upon settlement, the additional acquisitions will increase Healthia’s national portfolio of podiatry clinics to 81 and physiotherapy clinics to 36, whilst their 9 hand therapy clinics remain unchanged. This continues a strong run by the company which brings their total acquisitions to 22 over the past 12 months.

    The 9 new clinics are forecast to deliver annual earnings of $1.34m from their total purchase price of $5.62m.

    “On completion of these acquisitions, Healthia would have deployed nearly $14m of capital and acquired close to $3.25m of additional annualised EBITDA, which is additional to the earnings disclosed in the Company’s prospectus,” said CEO Wesley Coote.

    “These new clinic acquisitions would have all settled inside of our first 12 month since listing on the ASX and exceeds our stated annual acquisition run rate target of $10m capital deployed and $2.5m of acquired EBITDA.”

    Having listed on the ASX in September 2018 under the guidance of Chairman Glen Richards, also founder of Australia’s largest pet care company Greencross, Healthia’s acquisition targets have been funded by a $37 million facility agreement with ANZ and Bank of Queensland.

    Beyond their portfolio of podiatry and physiotherapy clinics, Healthia also operate hand therapy brand Extend Rehabilitation, D.B.S Medical Supplies and iOrthotics – the largest orthotics producer in Australia.
     
  6. NewsBot

    NewsBot The Admin that posts the news.

    Articles:
    1
    Healthia successfully acquires 12 clinics for $5 million
    11 May 2020
    Healthia successfully acquires 12 clinics for $5 million
    Allied health company Healthia (ASX: HLA) is continuing on the acquisitions path despite economic uncertainty surrounding COVID-19, with the announcement today it purchased The Foot and Ankle Clinic for $5 million on Friday.

    Comprising 12 podiatry clinics in Melbourne and regional Victoria, the new acquisition is expected to generate $4.425 million in annual revenue and an EBITDA of $1.124 million.

    Shares are up 9.4 per cent so far this morning at $0.85, following an upward trend that has been underway as a rebound since 25 March when Healthia announced its clinics - also including physiotherapy - would remain open.

    The company has been monitoring the overall performance of The Foot and Ankle Clinic over the last two months and notes the effects of COVID-19 have been immaterial.

    "The completion of this acquisition strengthens the company's position as the largest podiatry clinic operator in Australia," says CEO and managing director Wes Coote.

    "We are very excited to be attracting clinics of this scale and stature to the network and we look forward to continuing our acquisitive growth trajectory into the future."

    The completion of the acquisition means Healthia has achieved its stated target of deploying more than $15 million of capital for new acquisitions during FY20, although it plans to continue to progress its pipeline of physiotherapy and podiatry acquisition opportunities, along with other aligned allied health industries.

    The group had planned to open up a multi-disciplinary allied health clinic in Bundaberg in April along with another in the Gold Coast suburb of Pimpama in October, however the completion of these greenfield sites has been delayed due to the developing impacts of COVID-19.

    Now the openings are due to take place in October for the Bundaberg clinic, and in May next year for the Pimpama site.

    https://www.businessnewsaus.com.au/...fully-acquires-12-clinics-for--5-million.html
     
  7. NewsBot

    NewsBot The Admin that posts the news.

    Articles:
    1
Loading...

Share This Page