With the number of Australians over 70 years old set to double by 2035, the imminent strain on government aged care resources is looming large.

Stockhead sat down with Nic Brownbill, a director at investment and advisory firm JP Equity Partners to discuss how private businesses, and InteliCare specifically, will play a role in meeting the demand.

“I see this as an emerging market, particularly where tech innovation is concerned…The ageing population is placing unprecedented demand on aged care services, and having tech solutions that allow elderly people to live at home independently and deliver services efficiently to them – that’s where the market is moving.”

When speaking about InteliCare, Nic said “The market is ripe right now for someone to enter this space. And the reason we’re seeking an IPO is to go out and capture this market and be the first mover”

“Someone will occupy this space, and right now Intellicare has the best tech in the market. So if they don’t go out and take advantage of it, other players will.”

“Becoming a publicly listed company will provide the capital base to pursue significant growth opportunities. Ageing populations aren’t unique to Australia, they are the reality in most western societies.”

“Our business plan is to deploy funds as part of a national rollout. Then once that market has been captured, the focus will turn to global opportunities where we’ve already had strong interest – particularly from the US.”

Read the full article for Nic’s analysis of InteliCare and their market future.