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Healthia heads for business expansion with merger and IPO
Clayton Utz is celebrating with Healthia Limited on the successful merger of its My FootDr Podiatry and Allsports Physiotherapy businesses as it launches its listing on the ASX and an initial public offering.
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Firm: (Clayton Utz) Healthia Limited
Value: $63 million
Area: Corporate, M&A
Key players: Corporate partner Stephanie Daveson was joined by special counsel Andrew Mackenzie and senior associates Natalie Krahe and Lisa Tolhurst.
Deal significance: Queensland-based Healthia operates a portfolio of allied health businesses within Australia, including My FootDr, Allsports Physiotherapy, Extend Rehabilitation, iOrthotics and DBS Medical Supplies.
The company began as a single clinic in 2004 and now operates over 100 clinics Australia-wide.
Chaired by entrepreneur Dr Glen Richards, the former CEO and founder of veterinary services provider Greencross, the funds raised from the IPO will be used for business growth.
"The launch today of its IPO is a significant milestone for Healthia in realising its ambitions to be Australia's leading provider of innovative, integrated health solutions. It was a privilege for our team to work alongside Healthia's, My FootDr's and Allsports' dynamic teams to bring the merger and IPO to fruition," Ms Daveson said.