RediMed
Partnering with RediMed’s Founder to go National
Workplace Health & Injury Care
2022
Partnered
Location
AUSTRALIA
Status
ACTIVE
Overview
RediMed provides specialist medical treatment to injured workers through a network of clinics that bring medical and allied health professionals together under one roof, so that patients get the care they need and recover sooner.
RediMed also partners with employers and insurers on workplace injury prevention through a range of services and also operates a medicolegal assessment business.
The Partnership
Coogee Capital acquired 50% of RediMed in October 2022, forming an equal partnership with its founder, Dr Hanh Nguyen.
Since then, Coogee and Dr Nguyen have worked together to grow the existing Western Australian business, expand into Queensland and build RediMed’s medicolegal business in Victoria through acquisition.
Watch the Story
“If Coogee wasn’t involved and I was still running the business myself, I’d probably be very miserable. I didn’t train to be a manager or work in finance - I trained to be a surgeon.”
Coogee’s Contribution
Dr Nguyen had built a strong workplace health business in Western Australia, but was still carrying much of the day-to-day management as it grew. Coogee led the recruitment of a CEO, COO and CFO so he could step back from management and focus on growing the business.
Building the Leadership Team
Worked with Dr Nguyen and the team to develop and execute RediMed’s expansion into Queensland and Victoria, including establishing the Queensland business and acquiring a medicolegal business in Melbourne.
Expanding Across Australia
Coogee’s investment gave Dr Nguyen the opportunity to realise some value from the business while remaining an equal owner. Coogee also helped RediMed establish debt facilities with its financiers to fund continued growth.
Funding Growth
Coogee helped Dr Nguyen and the team strengthen RediMed’s systems, processes and governance as the business expanded nationally, so the foundations kept pace with the growth.
Strengthening the Business
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