Clinic buyer revealed, exposing holes in $1.3m Lyndoch deal

With the WMC building poised to remain a clinic under its new owner, Dr Phil Hall, the new $22m Lyndoch clinic is even more vulnerable.

The Terrier – Carol Altmann

Just when the whole saga of Lyndoch Living buying the Warrnambool Medical Clinic practice could not get any weirder, it has.

Lyndoch paid $1.3 million in 2019 for the practice, owned by well-respected GP Dr Phil Hall – but it did not buy the building.

The Liebig St building was sold on 29 July for upwards of $1.4m to an anonymous “local investor” who I can tonight reveal is none other than Dr Phil Hall.

(Land Title documents show Dr Hall was already a co-owner of the building, and bought out his partners.)

This means Dr Hall not only works for Lyndoch under contract, but he will be its landlord ($120k a year + GST) until the lease expires next July.

But that’s not the bomb.

The bomb is that the “local investor” (aka Dr Hall) reportedly wants to see the Liebig St building leased as a medical clinic after Lyndoch leaves.

“Their intent is that it remain a medical clinic beyond the current tenant’s stay,” real estate agent Danny Harris told the local paper at the time of the sale.

A medical clinic!

It’s this prospect that exposes a gaping hole in Lyndoch paying $1.3 million to buy the medical practice in the first place.

What did it actually buy?

It bought “goodwill”, which means doctors on contract and the patients who follow them.

But it appears the deal failed to include a crucial clause that the former owner of that practice could not lease a building to a competitor.

Oops.

This failure exposes the fragility of Lyndoch’s decision to wade into medical practice.

As we know, Lyndoch is spending $22 million on a brand new, three-storey, 6761 sq/m complex on Hopkins Rd that it hopes to fill with 20 GPs and other health workers.

Those 20 GPs are the backbone of the whole clinic plan.

They will each pay a substantial fee – around 35 per cent of their annual earnings – in return for a space in the clinic and support services.

But there are no guarantees the GPs will come, or will stay, because GPs are contractors: they decide where they will work, and for how long.

If a GP working for Lyndoch/Warrnambool Medical Clinic wants to leave, they simply give 30 days notice.

My sources tell me the contracts signed between the GPs and Lyndoch expire next April.

This means all bets are off until new contracts are negotiated.

As of next April, Lyndoch could – in a worst case scenario – find itself with less doctors, not more.

Lyndoch was already in a vulnerable position, but that position will become a razor edge if Dr Hall follows through on his reported plan and offers his prime slice of real estate to a new medical clinic.

Who will take up the offer, and how many GPs from Lyndoch/WMC and elsewhere (will Dr Hall be among them?) will join its ranks?

I asked Dr Hall for a comment for this piece, but he declined.




Show us a trick, Dr Nick!

nick thies_7
How does he do it? Paediatrician Dr Nick Thies is also handy with magic tricks and will perform as part of the W’bool Theatre Company Variety Review on Nov 6-7.

Words and photos: Carol Altmann

[dropcap style=”font-size: 60px; color: #DC943C;”] A [/dropcap]s an experienced paediatrician, Dr Nick Thies is already considered somewhat of a magic man in medicine, but he also – quite literally – has a number of tricks up his sleeve.

“Here you go,” he says, flipping three playing cards between his fingers, and launching into a quick trick where red cards mysteriously turn into blue cards and blue cards transform into red cards and within seconds, despite how hard you concentrate, you are completely bamboozled.

Nick then makes a coin disappear from his fist and reappear out of his shirt collar, before showing me how he can balance a drinking glass on the razor-thin edge of a card.

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It is all mysterious, magical and good old-fashioned fun and will be part of of the Warrnambool Theatre Company Variety Show next Friday and Saturday (Nov 6-7) at Warrnambool’s Mozart Hall.

“I did my first real show at Fifteen Minutes of Fame at Crossley about two years ago and, because of that, Heather Goddard (WTC president) asked me if I would be part of the first revue, which I did, and so here I am again,” Nick explains.

nick thies_2
For Dr Nick Thies, life as an amateur magician and medial professional is just one big balancing act. Here he demonstrates his card and glass trick.

[dropcap style=”font-size: 60px; color: #DC943C;”] A [/dropcap] love of magic, however, began for Nick when he was a teenage scout and his scoutmaster, a Mr Rids Van De Zee, happened to also be a magician (and with a name like that, how could he not be?)

“He would put on magic shows for us kids and I was fascinated by those and tried to learn a few tricks,” Nick says.

Then, about 10 years ago, Nick’s youngest daughter, Lucinda, introduced him to a friend from the UK who had come to Australia to surf and ended up staying and, eventually, working as a professional magician.

Nick again picked up a few fun tricks that he could use with his young patients to keep their mind off their medical issues.

“I always have a little trick in my pocket because it really helps to develop an understanding with children, and it’s a bit of fun,” he says.

The WTC Variety Review will see Nick debut a series of new tricks, based on the famous escape artist Houdini, for which he was still rehearsing.

“That could end rather awkwardly,” I joke.

“Hmmm, I am pretty confident, but we’ll see,” Nick laughs.

[box]The review on Nov 6 and 7 features a 1930s theme and includes pianist Gavin Franklin, balladeer Joseph Buller, singer Belinda Bell, Bernie Opperman on accordion, a barber-shop quartet, female singing trio and even a drag queen. MC is John McGuiness. Tickets are $25/$20 and include a complimentary drink and canapes. Available from Collins Booksellers, 159 Liebig St, W’bool.[/box]

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