MEDICOS TARGET 'UNTAPPED' MARKET IN SURFERS

MEDICOS TARGET 'UNTAPPED' MARKET IN SURFERS

GOLD Coast Radiology founder Dr Michael Ryan, with business partner Dr Paul Chou, have broken the mould with their latest venture by establishing a new multimillion-dollar clinic in the heart of Surfers Paradise.

Gold Coast Radiology, which opened their first radiology practice at Hope Island in 2010, have taken prime space in the ground-floor retail mall of Circle on Cavill to tap into an underserviced population between Main Beach and Broadbeach.

"The overall business plan was based on two aspects servicing a large population and providing specialised services not currently available," says Ryan, who is expecting the new Gold Coast Radiology clinic to open in June.

"We did a rough demographic assessment on this area and we estimated there are 40,000 people living between Main Beach and Broadbeach, an area that currently has no specialist medical imaging services.

"In terms of an underserviced population, it is an attractive opportunity."

Ryan says it made more sense to look at Surfers Paradise rather than Southport for the new clinic, particularly since Southport Hospital has relocated to Parklands.

The bold plan to bring specialist medical imaging services to the city's tourism heart originated during the mayhem of light rail construction in 2013. Ryan concedes it was an opportunistic concept at a time when much of Surfers Paradise was at a standstill, hemmed in by roadblocks and construction fencing.

Details of the lease struck with Circle on Cavill's owner EG Funds Management have not been disclosed, but Chou says the deal was attractive.

"It was a positive outcome for the landlord and Gold Coast Radiology" says Chou.

"Free car parking has also been provided to patients, in conjunction with direct tram access via the G Link services.

"It's not a small amount of money invested, but we do so with business confidence in this location."

Earlier this week, a $2 million state-of-the-art MRI scanning machine was lifted by crane in Cavill Ave onto the site, an operation that required surgical precision by a team of engineers and construction specialists.

Chou, who will be heading the Surfers Paradise clinic, says the machine will offer specialised imaging services that are not available on the Gold Coast, including the ability to conduct biopsies under MRI guidance.

The clinic also plans to offer sedation services to ease the stress for children undergoing MRI and CT, which presently requires a trip to the new Children's Hospital at South Brisbane (LCCH).

"We will be offering unique medical imaging services which are not currently available in the public hospital system or in the private medical sector on the Gold Coast or northern NSW," says Chou.

"We will be providing one-stop imaging services for locals and visitors to the Gold Coast - services in which patients historically have had to travel distances to receive previously."

Gold Coast Radiology has grown staff from four to forty over the past five years at Hope Island. The Surfers Paradise clinic will employ ten staff when it opens in June.

Picture: Dr Paul Chou during delivery of the MRI machine at Gold Coast radiology's new Surfers Paradise Clinic

Help us deliver quality journalism to you.
As a free and independent news site providing daily updates
during a period of unprecedented challenges for businesses everywhere
we call on your support

How P2C can help retailers maintain brand loyalty amid the supply chain crisis
Partner Content
With the ongoing supply chain crisis expected to continue throughout 2022, retailers ar...
Productsup
Advertisement

Related Stories

Better waze ahead for drivers with FloodMapp’s early warning system

Better waze ahead for drivers with FloodMapp’s early warning system

As the climate emergency impacts weather patterns across the globe,...

Online marketplace retailer MyDeal bucks late 2021 trend with record growth

Online marketplace retailer MyDeal bucks late 2021 trend with record growth

Leading online retail marketplace MyDeal.com.au (ASX: MYD) has reve...

Peak bodies propose six-point plan to carry business through Omicron wave

Peak bodies propose six-point plan to carry business through Omicron wave

A coalition of Australia’s peak industry groups represen...

TWU: Transport workers pressured to work while sick with COVID

TWU: Transport workers pressured to work while sick with COVID

A new survey conducted by the Transport Workers Union (TWU) has rev...