Post by
LonghandStrong on Aug 20, 2021 1:01pm
Interesting Model
this is an interesting business model. Not really a consolidator, a licensor as far as I can tell. How does it work with the clinics? Are they essentially "reselling or assigning" the Walmart head lease? Do they take a licensing or franchise fee? I haven't had a chance to look through the financials, but I understand that the margins on medical in Canada are very poor, with the physician taking most of the $. Are they breaking out the clinics that they own and operate separately? MedSpa in a Walmart, that's interesting as well, not really the target demographic, but who knows?.. just looked through the webpage $750 for 100 units of "injectables" am assuming that's BOTOX cosmetic therapy? That's a pretty good deal :) tough to advertise BOTOX as a prescription drug. If there is an insider or someone in the know on this board, could you explain to me the business model, as well as the key sources of cash? It seems like a "licensed" version of a franchise, with income stream potentially on the rent spread, bar to sale, with their own spattering of clinics. I guess the Med Spa margin could subsidize the MD margin. Interesting model for sure. Interested in hearing more. I don't have a position in JNMC am considering one. Not saying buy or sell.
Comment by
LonghandStrong on Aug 25, 2021 7:11pm
lol, you crack me up Fordy. Following me around. I thought I was a bullion bank? Time to check those meds bud.