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Empower Clinics Inc C.EPW


Primary Symbol: EPWCF

Empower Clinics Inc. is a Canada-based integrated healthcare and medical device company with multi-disciplinary clinics. The Company provides body and mind wellness for patients through its medical clinics, digital and telemedicine care, medical diagnostics laboratories, and sale of medical devices. Its segments include Health & Wellness, comprising clinic operations, patient visits, and telemedicine services; Diagnostics & Technology, comprising the diagnostic testing services provided by Kai Medical, and the sale of medical equipment by Kai Medical Canada Corp. and MediSure; and Corporate. It is focused on offering clinical trial services, such as clinical trial design, patient recruitment, data management and regulatory compliance for the pharmaceutical, biotechnology and medical device industries. It has two clinical research sites in Dallas, Texas, becoming a site management organization (SMO) with six principal investigators (PI) with multiple clinical trials under application.


GREY:EPWCF - Post by User

Comment by inviolablspiriton Apr 23, 2021 2:58pm
86 Views
Post# 33056616

RE:RE:RE:People

RE:RE:RE:PeopleWhere I do agree that a buyout for Empower is possible, I don't see that happening for quite sometime.  With Steve at the helm you would want him to continue building this company as he is the man to do it and is very good at what he does.  Unless you have someone better on your staff and/or willing to put in the amount of time and effort that Steve has been putting in, then there is no way another company would step in to buy Empower at this point in time.  Foolish decision. 

Let Steve build this company, then at some point McKesson may step in to add the clinics to their pharmacies and offer Steve a reasonable price that he can't refuse.  McKesson had revenues of 231 billion in 2020.  For them to offer a price of a 3-4 billion market cap or more depending on what stage Steve has built this company to would be nothing for them...  but everything to us.  I know this is Steve's baby, but I'm sure at some point he may feel that he has achieved what he set out to do and decide to retire.  I'm completely speculating, but since it was brought up I'd thought I's add my cent and a half...  I don't things it's worth 2 cents.
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