DrPrevents, a leading provider of preventive healthcare services in the Klang Valley, is launching its first equity crowdfunding (ECF) campaign via MyStartr. Open from 20 June – 21 July 2023, the campaign aims to secure RM4 million, with a strategic focus on expanding the implementation of preventive medicine to complement the national public healthcare system.
DrPrevents was established in 2020 by a team of doctors who previously served in government hospitals, where overcrowding and long wait times were persistent issues. In line with their collective vision to make community healthcare more readily available, the funds raised via this ECF campaign will primarily be allocated towards opening new clinics. The clinics will be in operation 24-hours, and will help increase round-the-clock touchpoints for preventive healthcare services in densely populated urban areas.
The demand for preventive medicine and affordable community clinics are on an incline — especially with more people per square foot in our busiest cities, of which more than 300,000 are outpatients yearly. DrPrevents’ goal through this ECF is to support our healthcare system in these strategic locations. We aim to establish a strong network of 20 branches by 2028, starting with four this year in key locations like Damansara Jaya, SS17, TTDI, and Sungai Buloh,” said Dr. Vikneswaran Ragupathiraja, Chief Executive Officer of DrPrevents.
Besides establishing new clinics, DrPrevents will also be using the funds to develop a comprehensive early cancer detection plan, using advanced screening technologies and medical expertise to identify potential risks at an early stage.
Furthermore, the company is looking to introduce general wellness and preventive health training into its portfolio. This will include a specialised weight loss programme tailored for individuals of different ages, integrating personalised coaching with clinically-tested fitness strategies.
Through the campaign, investors can acquire Redeemable Non-Convertible Preference Shares at RM20 per share, with a minimum investment amount of RM2,500. Investors can look forward to a guaranteed 6% return in annual dividends, along with a hefty 20% bonus upon completion of the fifth year.
For contributions of RM10,000 or more, DrPrevents is also providing exclusive bonus perks in the form of an industry-line wellness package, free consultations and treatments, as well as total access to its full range of preventive healthcare services.
Guided by the motto ‘Being Human, Being Different’, DrPrevents places a strong emphasis on personalised care and trained specialists bringing medical advancements and solutions to more communities. The DrPrevents network of clinics is currently helmed by13 doctors across 4 strategic locations in Klang valley.
“DrPrevents is guided by the firm belief that prevention is always better than a cure. If we can nip health problems in the bud in the early stages, this can help alleviate any potential strain on our primary healthcare facilities and promote a healthier future for all. Our main goal has always been to empower individuals to take proactive steps towards their own health and well-being, and we look to deliver on this commitment to more people through our upcoming expansion plans,” added Dr. Arravindh Vivekananthan, Chief Operating Officer of DrPrevents.
To participate in DrPrevents’ ECF campaign, please visit https://www.mystartr.com/projects/preventplus
For more information on the DrPrevents, please visit www.drprevents.com.