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Clinic Seeking Loan in Port Moresby, Papua New Guinea

Startup healthcare services company providing clinical and generic pharmaceutical drugs seeks loan.

Established 5-10 year(s)
Employees 5 - 10
Legal Entity Limited Liability Company (LLC)
Reported Sales Nil
Run Rate Sales Nil
EBITDA Margin Nil
Industries Pharmacies + 1 more
Locations  Port Moresby
Local Time 8:26 PM Pacific / Port Moresby
Listed By Business Owner / Director
Status Active
Overall Rating
Seeking Loan
USD 122 thousand for 10.0% annual interest, 5 years (Native Currency: PGK 500,000)
Reason: To purchase rapid test kits, hematology and biochemistry analyzers with consumables, x-ray, heart ul... View More
Collateral Available: USD 1.22 million
Includes physical assets worth USD 122 thousand
Name, Phone, Email
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Business Name
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User Verification
Documents
Company Extract
Clinic License
Business Overview
- Company is in the startup phase and is yet to start operations commercially.
- We have a partner supplying medical drugs and generic pharmaceuticals through a medical trust company based in New Zealand.
- Have 1 full-time doctor and some consulting specialist doctors.
- Promoters have more than 25 years of experience in the medical sector.
- Potential for growth is very high given only 3 main private hospitals are available for the population of 1 million in Port Moresby.
- We have a facility owned by a partner and this space can be expanded into 18 rooms for specialist healthcare services and emergency services.
- Commercial operations are being delayed due to Covid-19 restrictions.
Products & Services Overview
We provide private day care clinic services and we also trade medicines.
Assets Overview
Physical assets include medical equipment and stock of medical drugs and general pharmaceuticals.
Facilities Overview
Partner-owned facility of 3,200 square meters with a cash register, pharmacy, storage area, pathology lab, 4 doctor consultation rooms, 1 treatment and resting room, 1 resting room, staff rest room, patient rest room, tea room, and office.
Capitalization Overview
Business is funded by a charitable trust based in NZ in terms of drug supplies and consumables, and basic equipment. The business does not have any debts, it has 2 shareholders, one from PNG (51%) who owns the property, and the other from New Zealand (49%). The business has not commenced operations as of now.
Recent Activity
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Disclaimer: SMERGERS is a regulated marketplace for connecting business sell sides with investors, buyers, lenders and advisors. Neither SMERGERS represents nor guarantees that the information mentioned above is complete or correct.
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