Labs on the Go is a healthcare startup focused on providing mobile in-home testing services to the homebound community, including those in assisted living facilities and nursing homes. The company, founded in 2014, is establishing a certified Independent Clinical Laboratory (CLIA) in Medford, Oregon. Labs on the Go has previously launched a similar lab in Nashville, TN, which generated over $40,000 in weekly sales within 12 months, showcasing a strong growth trend. The business has already secured both patients and patient referral partners for the Medford location, and comprehensive business plans and pro forma statements are available. The recent $350.00K Convertible Note investment at 27 May 2014 will be allocated towards acquiring the necessary licenses, automated lab equipment, advanced laboratory management software, and initial working capital. The company's distinctive approach promises to deliver an outstanding, replicable model for the U.S. market. Overall, Labs on the Go presents an intriguing proposition within the healthcare industry, leveraging proven success and a trusted management team to address a crucial need for in-home testing services among the homebound community. The potential for scalability and the clear validation of the concept through previous success in Nashville position the company as an attractive investment opportunity within the healthcare sector.
Funding Stage | Amount | No. Investors | Investors | Date |
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Convertible Note | $350.00K | - | 27 May 2014 |
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