Third Age Health to IPO

[Patient Panda]

Saw this article a while ago and was expecting a thread to appear but haven’t seen one so here we are.

https://www.stuff.co.nz/business/112...or-nzx-listing

Certainly a huge endorsement having David Kerr on the board though I don’t quite understand their business model. Kind of sounds just like a mobile GP practice but maybe Couta could share some insight.

what are everyones thoughts?

[minimoke]

$6m in revenue, Expected to double in size in next 5 years. Former NZX strategy Manager John Fernandes as Independent Director. Not sure there is much here to get excited about.

Business model sounds a bit like a temp agency. Just Doctors rather than laborers.

[bull....]

risk for a company like this is that the doctors cash out or become greedy because of there value to the company demanding more and more because of there unique bargaining position.

therefore what policy does the company have to retain staff is of critical relevance.

Acquisition will be growth area but as we have seen from multiple companies on the asx who attempt roll - ups many have failed to be hugely successful. though ont not to bad and has been a success but depends how good the management is in doing this.

the company could offers some defensiveness in cash flows because of there unique position if they have monoply in rest home care.

[Schrodinger]

Domestic business with limited upside. The fun starts when they talk about Aussie. This wont go big.