Object magazine 62 — Healthabitat
Tuesday May 01 2012
Nobel Peace Prize Laureate Muhammad Yunus, founder of the Grameen Bank, defines a ‘social business’ as a ‘cause-driven business’ where the ‘investors/owners can gradually recoup the money invested, but cannot take any dividend beyond that point.’ Paul Pholeros AM believes that Healthabitat, an Australian private company of which he is a co-founder and director, perfectly fits that definition.
Healthabitat had its genesis in 1985 when the three directors (Pholeros, Dr Paul Torzillo AM and Stephan Rainow) were working together at the Aboriginal-run Nganampa Health Council. The director of the Council, Yami Lester, had seen health programs rolled out that saw more people attending hospitals and doctors for treatment, but recognised that that didn’t mean the situation was improving — there were no programs aimed at stopping them getting sick in the first place.