MedVee Transport, Inc.

Introducing Medvee Transport, Inc. an investment opportunity in the rapidly growing NEMT (Non-Emergency Medical Transportation) industry.

Medvee Transport, Inc. is a FL company that is actively engaged in a Non-Emergency Medical Transportation (NEMT) business based in Miami, FL, One of the USA’s top 5 NEMT markets. 

Non-Emergency Medical Transportation (NEMT) provides Medicaid, Medicare and Privately Insured beneficiaries with Ambulatory, Wheelchair and Stretcher transportation to and from medical appointments.

The NEMT industry is expected to grow from $8B in 2021 to $15.5B by 2028, a CAGR of 9% between 2022 and 2028.

Here is a bit more background on Medvee Transport Inc.

-Purchased Medvee Transport, Inc. in July 2023

-Grown the business considerably in the last 8 months, (amazing 1000% weekly revenue growth with 20-25% net margins, that hasn't even addressed the growth possibilities)

-In this period renegotiated a 40%+/- increase in wheelchair trip rates Medvee Transport is paid from the largest NEMT broker in the US, Modivcare, (NASDAQ:MODV) with whom we are contracted.  Maintained our second contract with Alivi, a large regional Broker.

-Awarded a third NEMT broker contract with SafeRide Health that pays almost double the average NEMT broker rates, this contract started in January 2024 and is slowly rolling out enhancing our revenues.

Medvee Transport, Inc. is an operating company that executes daily trip volume provided by Broker contracts.  We are offered double or more trips then we can accomplish. We have no marketing/sales expense. We are paid weekly by the Brokers and have no bad receivables.  There is endless growth opportunities, adding vehicles/drivers to buying up small operators in strategic locations. 

Through this process of operating Medvee Transport, Inc. I have become an expert in the NEMT industry, and with this knowledge and experience understand this sector is poised for efficiency gains utilizing technology implementation, AI powered Routing/Scheduling and a roll-up of strategic small NEMT operators with accretive broker contracts and high volume regional operation opportunities.

Most NEMT providers are currently owned and operated by small Mom's and Pop's, not unlike the garbage industry before Waste Management did their roll-up mergers.

This Private Financing  (Series A) will provide the first round of financing for NEMT Inc. to implement AI powered Routing/Scheduling, acquire additional vehicles to fuel growth and to acquire one other NEMT provider.  We estimate there are approximately 5,000 NEMT providers in the US. In addition to rolling up NEMT providers, we envision a vertical integration of acquiring an NEMT broker. To date there are no vertical integrations of NEMT brokers and providers currently operating.

The current disparate operations of small NEMT providers results in a higher expense ratio for administration, insurance per vehicle, maintenance of vehicles, and daily operations. In executing the roll-up mergers we will be better positioned to enjoy economies of scale and rationalize competition. Our consolidation process in this market sector is designed to reduce administrative, insurance, and operational costs, garner better name recognition, achieve increased exposure, gain access to new markets or new or underserved demographics, and better our access to expertise within the industry.

CURRENT NEMT BUSINESS IN THE US:

The current form of the industry (Broker Model) is fairly new - since end of Covid.

The industry used to be more small operators with direct contracts with Medicaid/Nursing Homes/etc.

The current model - post Covid is a Broker model.  There are LARGE national brokers now that have the State Medicaid/Medicare contracts, Large Insurance Contracts, etc.  These Brokers then contract with NEMT providers (like Medvee).

The largest Broker is Modivcare (NASDAQ MODV), and Medvee contracts with MODV, as well as Alivi and Saferide Health (who has raised a Series A-C)

Medvee has put together a PPM with pro-forma P&L that assumes the full raise of $500,000. 
The breakdown would be:
$100,000 cash to purchase the additional vehicle assets for Medvee. 
$200,000 for the purchase of a second NEMT business and additional vehicles. (The second NEMT business purchased would be accretive to the pro-forma)
$200,000 General and Administrative and implementation of AI powered Routing/Scheduling.

Please contact us to learn more about this opportunity!