How to Start a Medical Private Business in Kenya: A Strategic Partnership Approach

By definition, a strategic partnership is a formal alliance between two businesses formalized by one or more business contracts but fails to form a legal partnership or, agency, or corporate affiliate relationship. Strategic Partnership is formed by two companies where each possesses one or more business assets that will help the other, but that each respective other does not wish to develop internally.

partnerGM Medical is currently recruiting strategic partners in certain areas of interest such as radiology, dentistry, OB/GYN, cosmetic surgery and many other sectors of healthcare. Candidates are mainly medical doctors and allied healthcare providers in Kenya.

Background:

Kenya and Africa, in general, is a tough place to start a business due to capital barrier. However, those who get into healthcare-related businesses have nothing to regret because returns are handsome. The devil in the puzzle is medical equipment availability, training and the huge price tag that comes with it.

GM Medical has developed, tested and executed a strategic partnership model where we partner with qualified medical professionals to develop private practice without breaking the bank.

Method:

Take an example, a radiologist, radiographer or a sonographer. GM Medical is willing to provide all required equipment, office setup and operating capital for those that qualify.

GM Medical will source all required equipment, conduct all necessary feasibility research, market and foresee successful takeoff of a private medical business. The medical entrepreneur will only walk into the new medical business with a suitcase. Everything else will be on us.

The medical entrepreneur will need to show some financial commitment and/or collateral fixed asset (cars do not qualify). GM Medical will become the lienholder of the collateral property and the new business until the cost of equipment and set-up are recovered. The strategic partner will be getting a “retainer” at this time while the new business pays for the start-up capital.

Once paid up for, the medical practitioner/partner would keep the bigger percentage of the revenue. GM Medical will only be getting residual revenue/royalty from the business. We have developed and designed a friendly way to buyout GM Medical once startup capital and cost of equipment have been paid. The buyout amount is very low and depends on the nature of the business established and the capital invested.

Sample Businesses:

  • X-ray and Ultrasonography centers: We have successfully established multiple such centers and it has been a win-win situation. Such a center includes an ultrasound machine, X-Ray machine, processor or a CR system for digital purposes. Most of such centers break even in less than 1 year with good marketing and location.
  • Dental offices: We have established several very successful dental centers. This involves a minimum of 3 dental chairs with one unit fully equipped for complex dental surgery procedures (a dentist is required). Other equipment like autoclaves, dental compressors, dental labs (as needed) are also included.
  • OB/GYN offices: GM Medical LTD has a strategic partnership plan to partner with Gynecologists around the country. The set up mainly required a gynecological ultrasound machine, colposcopy and specialized lab. In some cases, we have installed mammogram machines and processors for breast cancer screening.
  • Surgical centers: Elective surgeries like cosmetic and non-elective day surgery cases have been among the most successful strategic partnerships. A fully operational theatre, recovery room, and 24-hour holding beds will be provided.
  • Nursing homes: We can establish fully functional nursing homes and long term care facilities in desired areas.

Summary:

You have the skill and talent, we’ve the equipment and the capital to get you started. Don’t let startup capital become the barrier. GM Medical is open for business. Are you? For more information, send your questions to greg@medical.ke

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19 comments on “How to Start a Medical Private Business in Kenya: A Strategic Partnership Approach”

  1. am not a doctor.what if i get a doctor(s) to partner with and get a project like the radiography or surgical center rolling.i may be able to source for the capital once i know the outlay.

    1. Hi Daniel, that's great. We can supply you with medical equipment at great prices. Kindly contact us on +254722-932-625 for more information

    2. I can come in as a strategic partner and equip the business. Contact me through my email:musembijosef2011@gmail.com

    1. Yes John, we sell medical supplies and equipment to healthcare startups and hospitals as well. Kindly reach us on +254722-932-625. Looking forward to doing business with you

    1. I can come in as a strategic partner and equip the business. Contact me through my email:musembijosef2011@gmail.com

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