view1st Group Ltd

1st Available Ltd to drive appointment booking growth with new acquisition


1st Available Ltd (ASX:1ST) will look to gain a larger share of the online healthcare appointment booking sector by acquiring appointment booking company, OzDocsOnline.

The total consideration for the transaction will be $150,000.

The acquisition is a strategic fit for 1stAvailable’s online search and appointment booking service and will help expand its general practitioner (GP) network and patient base.

OzDocsOnline currently has 130,000 registered patients and over 800 doctors, across a total of 140 practices and generates revenue from a patient-funded model.

OzDocsOnline earns revenue from online prescription requests, access to pathology results, consultations, referrals and appointment reminders.

Significantly, OzDocsOnline collected $310,000 in patient consult fees in FY2016 from around 18,000 transactions, of which $63,000 was retained by the company.

The OzDocsOnline acquisition will deliver additional features to the 1stAvailable platform, including the ability to request prescriptions, access to test results, online consultations and secure messaging.

Growing its GP services and functionality is a useful growth area for 1st Available, allowing it to cross sell complementary services to patients.

The 1stAvailable platform is witnessing strong growth, with a total of 436,000 online appointments made in Q4 FY2016, an increase of 25% over Q4 FY2015.

The company had a cash balance of $6.6 million as at 30 June 2016 with no debt.


Proactive Investors is a global leader reporting financial news, media, research and hosts events for listed emerging growth companies and investors across four continents.

Quick facts: 1st Group Ltd

Price: 0.031 AUD

Market: ASX
Market Cap: $13.16 m

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events


The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...


archTIS makes transformative move in acquiring Nucleus Cyber

archTIS (ASX: AR9) CEO Daniel Lai joins Steve Darling from Proactive to share details of a transformative acquisition with the company entering a binding term sheet to acquire global information protection business Nucleus Cyber. Lai discusses why this is a key move for the company...

1 hour, 41 minutes ago

2 min read