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Wendy’s says PI ambition not over despite reverse
from 06152023 BUSINESS
by tribune242
recent investments on the island are expected to pay dividends as early as the company’s current financial year by generating an extra $5m in revenue.
He explained that this growth that has given the BISX-listed private healthcare provider confidence it can “near double” the $60m annual revenues it was generating pre-COVID. Disclosing that Doctors Hospital is targeting improved efficiency, and aiming to hit a net profit margin of 10 percent over the mid-term, Mr Deveaux added that it is keen to partner with the Government to address the $3m-$5m it provides in annual care for which it never receives payment.
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“We will announce towards the end of August that we are going to be going to market with an opportunity for Bahamians to purchase stock in the company,” he told Tribune Business. “We think it’s an exciting opportunity for Bahamians to participate in healthcare transformation in The Bahamas by helping to contribute on our plans.
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