Consulted by A Group of Doctors Being Invited by Another Group to Invest

I was consulted by a group of doctors led by a Tito and his close business partner.  The question was: would they join a group of doctors in another town, to invest just one share in their new venture: putting up a large hospital?  They currently own a well established diagnostic center in the middle of a progressive town, had acquired a piece of property for expansion.  I said no.  The one share would not make them significant in the group and all that was needed of them was their money.  How about acquiring a large hotel that was foreclosed.

We agreed that it was better for them to make do with what they have.  Put up an ambulatory center where the capex and regulatory requirements are minimal and from thereon build on.  I discussed various stories of successful outfits from the MBA in Health program.  Typically, the successful  ventures were those that were put up by single individuals who had very strong leadership and will.  Very few groups put up successful ventures.  If ever, they have very strong leaders entrepreneurs in charge