Once Epic Pharmacy Group’s co-founders Cathie Reid & Stuart Giles had carefully worked through their GFC-inspired near-death business experience, they pulled back on their own risk-taking, but persevered with their bold expansion vision. But this time, with their pharmacy business profitability and growth on track, they did it with the benefit of partnerships and then later with Quadrant private equity to help guide their expansion into cancer care oncology clinics, the Icon Cancer Care group, not only in regional Queensland and NSW, but across Australia and also into Asia. Then came another life-changing deal to bring in other partners, in the form of Queensland Investment Corp & Goldman Sachs consortium in 2017, which led to a valuation on the group, widely reported as more than $1billion. By 2020, Cathie – who’s also been a huge supporter of Brisbane Lions’AFLW team, and on the board -- and Stuart debuted on the AFR Rich List, with an estimated wealth of $550million. So how does Cathie Reid, the girl who grew up in the La Trobe Valley, view that massive wealth and the responsibility of philanthropy? And how the heck does space tourism, and international cricket through an Australian Premier League new startup now fit into her life’s picture? Find out in Part 2 of my chat with Cathie Reid.
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