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Panacea Life Sciences Holdings (OTCID: PLSH) and Benivita Inc. Launch Benivita PLSH -- a New Era in Direct-to-Consumer Virtual Benefits
Prnewswire· 2025-11-18 15:31
Core Insights - Panacea Life Sciences Holdings, Inc. has launched Benivita PLSH, a new venture aimed at transforming access to non-insurance benefits, telemedicine services, and wellness programs across the U.S. [1][2] - The platform combines PLSH's operational infrastructure, Benivita's marketing expertise, and New Benefits, Inc.'s leadership in benefit aggregation to provide affordable access to benefits typically available only to corporate employees [2][3] Company Overview - Benivita PLSH offers a membership-based platform with plans starting at $59.95 per month for individuals, which includes 24/7 virtual urgent care, primary care, mental wellness visits, and discounted prescriptions [3][4] - The venture is supported by New Benefits Inc., which serves over 25 million members and provides exclusive licensing for the partnership [3] Market Opportunity - The U.S. telemedicine market was valued at $81 billion in 2024 and is projected to grow to $395.6 billion by 2034, with a CAGR of approximately 17.3% [5] - Benivita PLSH aims to capture significant market share in this expanding segment by offering a scalable and transparent platform [5] Financial Projections - Financial forecasts indicate EBITDA of $1.2 million in 2026, $5.2 million in 2027, and $8.3 million in 2028, with a target of enrolling 100,000 members within 36 to 60 months [9] - The venture is particularly focused on underserved markets, including the U.S. Latino population, which represents nearly 20% of the nation's population [9] Strategic Partnerships - The partnership integrates technology from By Design Technologies and Shapetech Solutions to enhance customer experience and operational efficiency [8] - PLSH will own 100% of Benivita PLSH and has issued 16 million restricted common shares to Benivita Inc., with performance-based incentives tied to EBITDA [9]