Ann: Key Management Changes, page-4

Ah healthia... I haven't checked in for a while.

I have a unique inside perspective on the Myfoot Dr brand & it's reputation. In the small community that is podiatry this brand is cheap, profit focused, not care focused & podiatrists worth their salt steer well clear.

They often offer graduates big salaries & have relentless sales targets to hit. If these graduates go the leave they often struggle to find a job in the 'real' side of podiatry due to their lack of proper training & pushy sales demeanor.

As for expansion by acquisition, the Pod industry is still incredibly fragmented with local clinics, the roll-up arbitrage opportunity is still massive but MFD executions is wayy off. The company is incredibly profit driven, has been for a long time & everyone knows it. Meaning when MFD acquire a clinic many quality staff leave, MFD usually lock the previous owner in for a period of time but staff under them bail fast & patients go with them.

To me the only real way for a rollup to be successful is to offer a brand (similar to smartclinics is the GP space), admin, marketing, accounting etc all cenralised & have a partner (previous owner) operate the clinic day to day with an ownership incentive. Similar to pharmacies.