TSXV Medical Stock Has a ‘Healthy’ Relationship With a Retail Giant

Jack Nathan Medical Corp. (TSXV:JNH) generated more than $3.6 million in revenue and nearly $1.1 million in EBITDA during Fiscal 2020

Capital Ideas Media | December 15, 2020 | SmallCapPower: Imagine the convenience of shopping and visiting your family doctor or dentist at the same location.

(Originally published on Capital Ideas Media on October 13, 2020)

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This is what newly-listed Jack Nathan Medical Corp. (TSXV:JNH) envisioned when it partnered with Walmart (NYSE:WMT) 14 years ago to open medical and dental clinics inside the retail giant’s stores. Jack Nathan Medical currently has 76 clinics in six Canadian provinces, as well as six locations in Mexico.

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For Jack Nathan, the association with Walmart has been an invaluable brand boost. For Walmart, having clinics at its retail locations increases foot traffic and, presumably, rings up more sales at its in-store pharmacies.

Jack Nathan Medical says it currently has 1.5 million patient clinic visits annually and generated more than $3.6 million in revenue and nearly $1.1 million in EBITDA during Fiscal 2020, up from $2.9 million in sales and $821,000 in EBITDA in Fiscal 2019.

Jack Nathan is set to continue to open new clinics, with a near-term focus on the Canadian and Mexican markets, although longer-term plans are targeting markets in Central America, Europe, and Asia.

Jack Nathan Medical has also supplemented its brick-and-mortar medical/dental locations with digital and telemedicine initiatives, which is expected further increase revenue and boost margins.

An example of this is Jack Nathan’s recent partnership with Canada Health Infoway to help implement PrescribeIT, a digital prescribing platform that allows doctors and other prescribing medical professionals within the Jack Nathan Health Medical Centres to electronically transmit a prescription directly to the patient’s pharmacy of choice.

Other services offered at some of JNH’s clinics include physiotherapy, chiropractic, foot care, weight loss, dietician, as well as diagnostic and lab services.

Jack Nathan Medical Corp. stock has a market cap of $66.5 million, with 60% of its shares held by Company insiders.

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