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Cathie Reid

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Cathie Reid AM is an Australian businesswoman who was inducted into the Australian Businesswomen's Hall of Fame in 2015[1] and included in the Australian Financial Review Top 100 Women of Influence.[2] In June 2019, Reid was honoured with a Member of the Order of Australia (AM) for her significant service to healthcare delivery and philanthropy.[3]

A pharmacist by profession, Reid is the co-founder of Australia's Epic Group, including Epic Pharmacy;[4] the Icon Group[5] and the Epic Good Foundation.[6] Reid and her husband, Stuart Giles, formed their family office Arc31 in June 2020 to manage their investments in a variety of portfolio companies and funds.[7] In March 2022, Reid and Giles, sold their shares in Icon Group.

Reid serves on the board of the Brisbane Lions AFL Club,[8] ASX-listed AUCloud (as Chair). [9]

Reid is one of Virgin Galactic’s[10] future astronauts.[11]

Early life and education

Raised in Morwell in the Latrobe Valley region of Gippsland, Victoria, Reid completed a Bachelor of Pharmacy at Monash University's Victorian College of Pharmacy in 1991.[12]

Career

In February 1998, Reid became the foundation pharmacy proprietor of the newly formed Active Care Pharmacy Group, providing pharmacy services to residential aged care homes.[13] By the end of 1998, Reid and her husband, Stuart Giles, owned four pharmacies. Active Care ultimately became Australia's first multi-state pharmacy group, with pharmacies in Sydney, Brisbane, Melbourne and the Sunshine Coast.[citation needed]

In 2002, Active Care Pharmacy Hospital and Oncology merged with the APHS Group[14] and Reid joined APHS General Management. By 2007, Reid took over responsibility for APHS's Aged Care Pharmacy Division and, by June 2010, Reid and Giles had bought out the APHS Group's remaining partners and assumed outright ownership of the corporation.[15]

In January 2012, the APHS Group acquired a majority shareholding in Haematology and Oncology Clinics of Australia, creating Icon Cancer Care.[16] The APHS Pharmacy Group was rebranded in 2014 as the Epic Pharmacy Group.[17] Quadrant Private Equity acquired a majority stake in Icon Cancer Care in May 2014,[18] launching an expansion program that included acquisition of Radiation Oncology Queensland, Slade Pharmacy and Epic Pharmacy to form Icon Consolidated Holdings Ltd (The Icon Group).[19]

In October 2010, Reid launched a new manufacturing business, APHS Packaging offered automated packaging of patient medication into separate doses by date and time of day.[13] The packaging system dovetailed with a Dutch developed product known as the Medido Monitored Compliance device[20] which alerts patients when their medication is due to be taken and advises their carer if it is missed.

By 2012, APHS Packaging was producing 1.5 million sachets weekly for 17,000 consumers and 220 pharmacies nationally,[13] and was acquired by multinational healthcare provider, the Symbion Group.[21][22] The company received the National MedicineWise Award for Excellence in Labelling and Packaging[23] and Reid was honoured with the National Commonwealth Bank Business Owner Award at the 2011 Telstra Business Women's Awards.[24] APHS Packaging was rebranded as DoseAid in 2015.[25]

Reid launched a new company – Epic Digital – focussed on creating healthcare-based technology solutions.[26] The company joined the Microsoft Band Early Adopter Program to develop an application that overlays real-time data collected using Microsoft's Health Band with medical data available to health professionals.[27] Epic Digital was acquired by the Icon Group in October 2016[28] and Reid was appointed Digital Advisor to the Icon Board.[29]

In March 2015, Reid was inducted into the Australian Businesswomen's Network's Businesswomen's Hall of Fame.[1]

In 2014, Reid and Giles invested $1.5million in Flamingo Customer Experience Inc., a software startup founded by Catriona Wallace. Reid was appointed to Chair the Flamingo Board.[30] By 2016, the company had established offices in Sydney and New York with customers including Nationwide Insurance, New York Daily Gazette, Prime Financial and Quay Credit Union.[31] Flamingo was acquired by technology and software company, Cre8tek Ltd in June 2016 and Reid was appointed Cre8tek Chair in November 2016.[32] When Cre8tek was listed on the Australian Securities Exchange, it became the second company in ASX history to list with a female CEO (Wallace) and Chair (Reid) combination.[33]

In 2016, Reid was appointed director of UK-based Assured Digital Group (ADG) to guide their expansion into the global marketplace.[34]

In December 2017, Reid was appointed as Chairperson of Australian cloud and cyber security provider AUCloud.[9] AUCloud listed on the ASX in December 2020.[35] NextDC[36] became a significant investor in AUCloud in late 2021.[37]  

In July 2020, Reid and Giles announced the sale of their pharmacy interests.   

Reid and her husband, Stuart Giles, formed their family office Arc31 in June 2020 to manage their investments in a variety of portfolio companies and funds.[7]

Philanthropy

Reid has been involved with a number of charitable causes, both professionally and personally.[38]

Reid regularly participates in the Vinnies' CEO Sleepout which supports the St Vincent de Paul Society's work with the homeless[39][40] and, in 2014, she won the People's Choice Award in the inaugural Dancing CEOs event in Brisbane for raising the highest amount for the Women's Legal Service.[41]

Following a visit to the Lockhart River Aboriginal community as part of Bond University's inaugural Yarning Up delegation, Reid and Giles donated $1 million to fund the Hawthorn Football Club's Indigenous Program over five years.[42]

In 2015, Reid and Giles brought their portfolio of philanthropic activities together under the banner of the Epic Good Foundation.[43] In 2023 the foundation was rebranded as the SpArc Foundation.[44]

Since 2018, the SpArc Foundation (then Epic Good Foundation) has partnered with Outside the Locker Room,[45] a leader in sporting club mental health education and support. In 2020, the SpArc Foundation announced a five-year partnership with the Brisbane Lions and OTLR to further support and promote OTLR’s program to grassroots programs across the Greater Brisbane Region.[46]

Awards and recognition

1998 Victorian Pharmacy Manager of the Year – Australian Institute of Pharmacy Management
2011 National Commonwealth Bank Business Owner Award – 2011 Telstra Business Women's Awards[47]
2012 Distinguished Alumni Professional Achievement Award – Monash University[48]
2013 Top 100 Women of Influence – Australian Financial Review[49]
2015 Business Women's Hall of Fame – Australian Business Women's Network[1]
2019 Member of the Order of Australia[3]

References

  1. ^ a b c "2015 Businesswomen's Hall-of-Fame Inductees Announced - HerBusiness". Archived from the original on 22 August 2017. Retrieved 22 August 2017.
  2. ^ "2013 Event - 100 Women of Influence". 100womenofinfluence.com.au. Archived from the original on 14 October 2017. Retrieved 22 August 2017.
  3. ^ a b The Governor General of the Commonwealth of Australia. (2019). MEMBER (AM) IN THE GENERAL DIVISION OF THE ORDER OF AUSTRALIA. https://www.gg.gov.au/sites/default/files/2019-06/qb19_-_media_notes_-_am_m-z.pdf
  4. ^ "Leaders". epicpharmacy.com.au. Retrieved 22 August 2017.
  5. ^ "Icon Group Leadership Team". Icongroup.global. Retrieved 22 August 2017.
  6. ^ "About Us – Epic Good". epicgood.com.au. Retrieved 22 August 2017.
  7. ^ a b "Arc31". arc31. Retrieved 11 September 2023.
  8. ^ "Board of Directors - lions.com.au". lions.com.au. Retrieved 22 August 2017.
  9. ^ a b "About Us - AUCloud". www.australiacloud.com.au. 6 March 2019. Retrieved 11 September 2023.
  10. ^ "Virgin Galactic". www.virgingalactic.com. Retrieved 11 September 2023.
  11. ^ "The Aussies preparing to become world-first space tourists". 7NEWS. 6 August 2020. Retrieved 11 September 2023.
  12. ^ "Cathie Reid". Faculty of Pharmacy and Pharmaceutical Sciences. Retrieved 22 August 2017.
  13. ^ a b c "Renegade Collective" (PDF). Cathiereid.com. pp. 52/3. Retrieved 22 August 2017.
  14. ^ "History". Epicpharmacy.com.au. Retrieved 22 August 2017.
  15. ^ "Pushing boundaries in Pharmacy – Cathie Reid". Womeninfocus.com.au. 29 March 2012. Retrieved 22 August 2017.
  16. ^ "About us - Icon Cancer Care – Australia's largest private cancer care provider". Archived from the original on 11 September 2016. Retrieved 22 August 2017.
  17. ^ "An epic rebranding". Pharmacy News. 10 September 2014. Retrieved 22 August 2017.
  18. ^ Gardner, Jessica; Thompson, Sarah (2 December 2014). "Quadrant growth boosts cancer company listing prospect". Sydney Morning Herald. Retrieved 22 August 2017.
  19. ^ "Quadrant Private Equity-Icon Cancer Care". Archived from the original on 22 August 2017. Retrieved 22 August 2017.
  20. ^ "APHSNEWS" (PDF). Aphs.com. June 2011. Archived from the original (PDF) on 26 January 2014. Retrieved 22 August 2017.
  21. ^ "Pharmacy Daily" (PDF). docs.google.com. Retrieved 22 August 2017.
  22. ^ "Symbion buys into APHS :: Pharmacy Daily". Pharmacy Daily. Archived from the original on 22 August 2017. Retrieved 22 August 2017.
  23. ^ "MedicineWise Award Winners". Alliedagecarevictoria.wordpress.com. 25 May 2012. Retrieved 22 August 2017.
  24. ^ "Past winners - Telstra Business Women's Awards". Archived from the original on 26 September 2017. Retrieved 22 August 2017.
  25. ^ "Rebranding of APHS Packaging". Pharmacy News. 4 March 2015. Retrieved 22 August 2017.
  26. ^ "Icongroup - Icon Group". Icongroup. Retrieved 22 August 2017.
  27. ^ "EPIC Digital: transforming healthcare from the cloud - Microsoft News Centre Australia". News.microsoft.com. 17 November 2015. Retrieved 22 August 2017.
  28. ^ "Epic Digital acquired by Quadrant Private Equity-backed Icon Group". Afr.com. 27 September 2016. Retrieved 22 August 2017.
  29. ^ "Icon Group Board Members". Icongroup.global. Retrieved 22 August 2017.
  30. ^ "Media Release: Epic Pharmacy Injects $1.5 Million into Flamingo Healthcare Co-creation Platform". Cmo.com.au. Retrieved 22 August 2017.
  31. ^ "Reinventing online financial products selling - TechInvest Magazine Online". techinvest.online. 16 November 2016. Retrieved 22 August 2017.
  32. ^ "Cre8tek Acquires High Profile Start Up Flamingo Customer Experience Inc". Businesswire.com. 6 June 2016. Retrieved 22 August 2017.
  33. ^ "Rosie the robot's $24m ASX listing". Australian Financial Review. 14 September 2016. Retrieved 22 August 2017.
  34. ^ "Making Digital Communities SaferBoard of Directors". Assureddigital.com. 29 September 2016. Retrieved 22 August 2017.
  35. ^ "AUCloud lists on the ASX - AUCloud". www.australiacloud.com.au. 22 December 2020. Retrieved 11 September 2023.
  36. ^ "Data Centres - Colocation Solutions - Hybrid Cloud | NEXTDC". www.nextdc.com. Retrieved 11 September 2023.
  37. ^ Swinhoe, Dan (22 November 2021). "NextDC to take a 20 percent stake in AUCloud". Data Center Dynamics.
  38. ^ [1] [dead link]
  39. ^ "IT'S A GOA: VINNIES LAUNCHES 2012 CEO SLEEPOUT" (PDF). Ceosleepout.org.au. Retrieved 22 August 2017.[permanent dead link]
  40. ^ "Pharmacy business leader sleeps rough for charity". Pharmacy News. Archived from the original on 22 August 2017. Retrieved 22 August 2017.
  41. ^ "2014 CEO's - Dancing CEO's". Dancingceos.com.au. Archived from the original on 22 August 2017. Retrieved 22 August 2017.
  42. ^ "Epic donation to expand Indigenous program". Hhawthornfc.com.au. Retrieved 22 August 2017.
  43. ^ "Epic Good". epicgood.com.au. Retrieved 22 August 2017.
  44. ^ "Home". SpArc Foundation. 24 May 2018. Retrieved 11 September 2023.
  45. ^ "Mental health programs & support for sporting clubs, schools & workplaces". otlr.org.au. Retrieved 11 September 2023.
  46. ^ "Official AFL Website of the Brisbane Lions Football Club". lions.com.au. Retrieved 11 September 2023.
  47. ^ "Top police woman named Australia's Business Woman of the Year - Telstra Business Women's Awards". Telstrabusinesswomensawards.com. Archived from the original on 22 August 2017. Retrieved 22 August 2017.
  48. ^ "Distinguished alumni honoured". Monash University. Retrieved 22 August 2017.
  49. ^ "Skin cancer researcher Adele Green named 2013's top woman of influence". Afr.com. 6 November 2013. Retrieved 22 August 2017.
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