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Mission Statement:
Our mission: To consolidate, collaborate and rapidly grow thereby becoming a consequential force in the future of the splintered Caribbean healthcare industry
The Caribbean market demonstrates a Compound Annual Growth Rate of 5.67%, up 0.91% prior to the pandemic. As compared to other major markets, which have significantly grown due to the advent of digital technology during the pandemic, by multiples of at least 2, the fragmented nature of our healthcare industry and associated providers have resulted in an overall slower evolution.
We are fueling our growth by strategically acquiring healthcare practices (physician practices, dental practices, urgent care clinics and related companies), digitally connecting them and continually seeking economies of scale.
We are concentrating our efforts on existing centers with revenues between $1 million and $5 million initially and then progressively increasing as we exploit our synergies and resource base.
For these practices there is potential for significant improvement via cost cutting and creating higher negotiating powers. We are consolidating the industry and plan to acquire between 15- 40 centers throughout the Caribbean.
We will continue acquiring healthcare practices (and related entities) before looking at options for further growth including a merger or going public in late 2027.
We are a group comprising over 100 years of combined experience, which is specialized but not limited to healthcare, management, consolidation, finance and mergers and acquisitions. A copy of everyone’s profile is attached.
Our CEO, Andrew Gopaul, is a hyperbaric physician and national of Trinidad and Tobago who understands the challenges of the local landscape and will be coordinating the expertise of our team to implement systems which can address the existing gaps and improve the efficiency of our regional network.
Amidst the abundance of opportunities present locally, 1337, there will be even more in the next 5 years with up to 2,954 of approximately 8,123 healthcare centers up for sale throughout the region.
This is according to a recent industry report (IBIS) demonstrating a surge in M&A activity in the last few years, complemented by the fact that the vast majority of the industry remains splintered, with major providers contributing a mere 2.11% - 4.47% of the market.
Now is the opportune time to collaborate professionally, connect these practices digitally and consolidate financially, thereby putting us at the forefront of the development of the industry.