Media Release: Clayton Utz congratulates Healthia on successful launch of $26.8 million IPO and ASX listing

Brisbane, 11 September 2018: A Clayton Utz team is celebrating alongside Healthia Limited (Healthia) as the company marks the successful merger of its My FootDr Podiatry and Allsports Physiotherapy businesses and the launch of Healthia's Initial Public Offer (IPO) and listing on the Australian Securities Exchange today.

Corporate partner Stephanie Daveson led the firm's team, which included special counsel Andrew Mackenzie and senior associates Natalie Krahe and Lisa Tolhurst. This transaction builds on Clayton Utz's experience in successfully advising sector aggregators on their growth strategies.

Queensland-based Healthia operates an integrated portfolio of allied health businesses Australia-wide including My FootDr, Allsports Physiotherapy, Extend Rehabilitation, iOrthotics and D.B.S. Medical Supplies. Its chair is well-known entrepreneur Dr Glen Richards, former CEO and founder of veterinary services provider Greencross. 

The funds raised from the offer will be used to grow the business - which began with a single clinic in 2004 - to over 100 clinics operating around Australia. 

Commenting on the transaction, Stephanie said: "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."

On listing Healthia will have an indicative market capitalisation of around $63 million.