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Security Type
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Common Stock
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Categories
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Healthcare & Medical
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Min Investment
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$224
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Location
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LAGUNA HILLS, CA
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Offering Date
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February 03, 2022
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Expected Close Date
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April 30, 2022
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Target Raise
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$10.00K-$1.07M
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No. Investors
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83
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Security Price
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$16
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Valuation
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$28,800,000
- Number of Employees
- 44
- Cash
- $33,691
- Revenue
- $17,521
- Short Term Debt
- $77,554
- Cost of Goods
- $13,455
- Long Term Debt
- $2,400
- Net Income
- $-239,201
Company Description
Curenta - is an online pharmacy serving long-term care providers. Curenta is reimagining pharmacy, one vertical at a time. Long-term care is a forgotten vertical with its unique complexity where Curenta is solving communication and delivery issues between facilities and pharmacies. With the network of stores, Curenta can turn around orders in an astounding 3 hours, saving money on unused medications and wasted nurses’ time.
Perks
StartEngine OWNERS Exclusive Click here to learn more
$224+ Investment
StartEngine Owner’s Bonus
This offering is eligible for the StartEngine Owner’s 10% Bonus program. For details on this program, please see the Offering Summary section below.
Friends and Family
First 72 hours | 15% bonus shares
2
days
4
hours
21
mins
37
secs
$1,000+ Investment
Tier 1 perk
Invest $1000+ and receive 5% bonus shares
$2,500+ Investment
Tier 2 perk
Invest $2,500+ and receive 10% bonus shares
$5,000+ Investment
Tier 3 perk
Invest $5,000+ and receive 15% bonus shares and membership in our Investor Club which allows you to receive special investor updates, and attend Q&A sessions
$10,000+ Investment
Tier 4 perk
Invest $10,000+ and receive 15% bonus shares and membership in our Investor Club and an in-person meeting with the leadership team
Key Deal Facts
Curenta re-imagines the long-term pharmacy industry by challenging its core components and up-scaling its service level while saving on operations costs.
Long-term care (LTC) consumes more than US $23 billion of medications annually and is growing at a staggering 6.8% a year. We have grown by 7x in the last 12 months. In our first year of operations, we have made almost US $3.59 Million in annualized sales (ARR) as of Dec 2021. (2021 figures unaudited, preliminary, and subject to change)
Key investors and Advisors include
Amir Barsoum; A serial entrepreneur who built one of the biggest global digital healthcare companies operating in 10 countries serving more than 20 million patients.
Ihab Dorotta; Chief, quality, and patient safety officer of Loma Linda University Hospital (LLUH), was chosen as one of the top 50 patient safety experts to know in the country by Becker’s and the best in the inland empire. Has extensive experience in the long-term care space.
Management Team / Advisory Board Bios
Ramy Barsoum Mikhail , Chief Executive Officer
Licensed Pharmacist / MBA Maastricht School of Management
A CA licensed pharmacist and MBA degree holder from MsM with 15+ years of experience in retail and Long-Term Care pharmacies & 5 years leading a 12 pharmacies-consortium focusing on long-term care, serving 15,000 beds.
Ryan Soo Hoo, Director of Business Development
PharmD / University of Health Sciences and Pharmacy in St. Louis
A CA licensed PharmD and published clinical oncology researcher with pharmacy enterprise sales experience, focused on novel oncology drug-delivery systems. Utilizing his insight and experience in inpatient and outpatient pharmacy, Ryan is leading the team in building foundational business strategies with Long-Term Care facilities and Treatment Centers.