There is a real oppotunity here to create a leading health company covering what they call are the areas of bodies and minds (physios, occupational therapist), feets and ankles (podiatry, orthotics, footwear)and eyes and ears (optical and audiology clinics). At present the indvidual industries are very fragmented and made up of small franchise operations or individual small busnesses. There is then, an opportunity to consolidate and accrue these individual businesses, allowing for rationalisation of operational costs and expenses increasing the potential for margin improvement. Add to this the ability for cross-selling and moving into other health areas and you have the beginning of a potential health conglomerate . HLA is steadily aquiring businesses covering healths services that will only continue to grow in demand. If you are after a small company with a good growth runway that will provide both steady capital growth and a growing dividend stream then HLA may be the health stock for you.