Medical Supply and Equipment Business Investment Opportunities in Muscat

- Oman-based new hitch innovative revolutionary startup for cancer diagnosis. - The company has developed a Cancer Diagnostic Probe (CDP) which is designed for real-time pathology during breast cancer surgery, catering to hospitals performing such surgeries. - The revenue model comprises both selling and renting the device, along with the sale of associated consumables. - The client base is estimated to increase to 5,000-10,000 in the next couple of years. - The company's device is supported by seven granted US - Patents and is backed by over 50 highly cited journal papers. - Manufacturing is outsourced, while the design and concept is completely owned. Now planning to open own manufacturing facility as well. - Has secured two distribution contracts this year in India and Iran, with an initial order of 1,000 devices. - The reason for the growth in revenue from last year is that the devices have been upgraded according to the latest R&D and introducing new technology, due to which have been receiving a higher volume of orders. - Additionally, the company has several upcoming distribution agreements in the pipeline. - The company has been recognized for its innovation, having received the Mustafa Prize. - There are 30 permanent employees who are involved in the business operations. Manufacturing personnel is outsourced.

- Muscat based medical/pharmaceutical distributor supplying medicines, medical equipment, medical devices, hospital consumables, dietary supplements, and cosmetic products. - Products are imported from UK, Europe and USA. We have 25 suppliers for our products. - Have more than 300 clients which include the top 15 private hospitals, clinics, and pharmacies in Oman. - 70% of our revenue generated comes from the sale of medicines & OTC products. - The business has outstanding liabilities of OMR 45,000. - The business has 2 owners one with a 65% ownership stake and the other with a 35% stake. - We are a profitable, scalable, consistent, and reliable business. - We have received more orders from hospitals this year which has improved our growth. - The promoter has more than 12 years of experience in the field.