Through MyStartr, DrPrevents, a Malaysian provider of preventive healthcare services, will begin its first Equity Crowdfunding (ECF) campaign.
Through MyStartr, DrPrevents, a Malaysian provider of preventive healthcare services, will begin its first Equity Crowdfunding (ECF) campaign.
The campaign, which will run from June 20 to July 21, 2023, aims to raise MYR 4 million ($870,000), with a strategic focus on expanding the use of preventive medicine to supplement the country’s public healthcare system, according to a statement from DrPrevents.
The money raised through this Equity Crowdfunding campaign will primarily go towards opening new clinics, in keeping with its collective vision to increase community healthcare accessibility.
The 24-hour operations of the clinics will increase the number of round-the-clock touchpoints for preventive healthcare services in densely populated urban areas.
According to Dr Vikneswaran Ragupathiraja, CEO of DrPrevents, “the demand for preventive medicine and reasonably priced community clinics are on the rise — especially with more people per square foot in our busiest cities, of which more than 300,000 are outpatients annually.”
He claims that DrPrevents wants to support its healthcare system in these key areas through this ECF.
By 2028, we want to have a strong network of 20 branches, and we’ll start with four this year in strategic areas like Damansara Jaya, SS17, TTDI, and Sungai Buloh.
In addition to opening new clinics, DrPrevents will use the funding to create a thorough early cancer detection strategy, utilising cutting-edge screening technologies and medical knowledge to spot potential risks at an early stage.
The business also plans to expand its portfolio by adding training in general wellness and preventive health. This will include a specialised weight loss programme designed for people of various ages that combines individualised coaching with fitness techniques that have undergone clinical testing.
Investors can purchase redeemable non-convertible preference shares through the campaign for MYR 20 ($4.34) per share with a MYR 2,500 ($543) minimum investment.
A substantial 20 percent bonus at the end of the fifth year, as well as an annual dividend return of 6 percent, are guaranteed for investors.
DrPrevents is also offering special extra benefits, such as an industry-leading wellness package, cost-free consultations and treatments, and full access to its entire menu of preventive healthcare services, for donations of MYR 10,000 ($2171) or more.
According to DrPrevents, the company places a strong emphasis on individualised care and skilled specialists reaching out to more communities with medical advancements and solutions.
The DrPrevents network of clinics is currently run by 13 doctors in four key Klang valley locations.
“DrPrevents is based on the steadfast conviction that prevention is always preferable to cure,
Dr. Arravindh Vivekananthan, Chief Operating Officer of DrPrevents, said: “If we can stop health problems in their tracks early on, this can help alleviate any potential strain on our primary healthcare facilities and promote a healthier future for everyone.”
He claimed that the company’s main objective has always been to enable people to take charge of their own health and wellbeing.
Through our upcoming expansion plans, “we look to deliver on this commitment to more people,” he continued.
A group of doctors who had previously worked in government hospitals, where crowding and lengthy wait times were common problems, founded DrPrevents in the Klang Valley in 2020.
DrPrevents provides complete healthcare solutions supported by cutting-edge technologies, with 24-hour operating medical clinics and a committed team of doctors and clinic assistants.
The company, which is motivated by the notion that prevention is preferable to cure, specialises in individualised and cutting-edge medical services to support people in their proactive pursuit of wellness.