DrPrevents launches equity crowdfunding campaign in hopes to supplement public healthcare system

SHAH ALAM - DrPrevents, a Malaysian company that offers preventative healthcare services, is launching its first equity crowdfunding (ECF) campaign through MyStartr.

The campaign, which will run from June 20 to July 21, 2023, intends to raise money with a strategic focus on advancing the use of preventative medicine to supplement the country's public healthcare system.

The money collected through this ECF campaign will be used primarily to open new clinics, in keeping with its overall goal of increasing community healthcare accessibility.

The 24-hour operations of the clinics will expand the number of round-the-clock touchpoints for preventive healthcare services in heavily populated urban regions.

DrPrevents chief executive officer, Dr Vikneswaran Ragupathiraja said that the need for affordable community clinics and preventative care is increasing, especially in our busiest cities where there are more people per square foot and more than 300,000 outpatients each year.

“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,” he said in a statement.

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 hazards at an early stage.

The business also plans to expand its range by adding training in general wellness and preventive health. This will feature a specialised weight loss programme designed for people of various ages that combines individualised coaching with workout techniques that have undergone clinical testing.

Investors can purchase redeemable non-convertible preference shares through the campaign for RM 20 ($4.34) per share with a RM 2,500 ($543) minimum investment.

In a statement, DrPrevents chief operating officer Dr Arravindh Vivekananthan said: “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,” he added.

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.