Healthia Limited – acquisition of The Optical Company
Miles Advisory Partners advised the shareholders of The Optical Company on the sale of the business to Healthia Limited.
Transaction Details
Sector
Healthcare
Miles Role
Sell-side advisor to the shareholders of The Optical Company
Deal Type
Business Divestment/ sale
Year Completed
2020
Contacts for this Transaction
Rohan Manikath
Managing Director
Overview
- The Optical Company comprises a portfolio of optical retail stores across Australia and owns the vertically integrated eyewear distribution business Australian Eyewear Distributors, which supplies international and private-label premium fashion eyewear
- The business was sold to ASX-listed allied health group Healthia Limited for a combination of cash, Healthia shares and a deferred payment
- The acquisition extended Healthia’s footprint into optometry, complementing its existing physiotherapy and podiatry operations
Industry Context
Australia’s allied health and optical retail sectors remain highly fragmented, creating opportunities for listed consolidators to acquire established networks and realise scale benefits. Optometry remains an attractive sector given its blend of clinical services and retail revenue, as well as recurring demand driven by an ageing population.
