Rap Star Pusha T’s Successful Venture into US Medical Transportation
TL/DR –
Rap artist Pusha T, born Terrence LeVarr Thornton, has revealed that his favorite business venture is a U.S. medical-based service company called Caring Hands Medical Transportation, which started with just two vans but now operates a fleet of 25 across seven cities in Virginia. The company caters to the elderly and disabled populations, providing them with medical transportation. This venture comes at a time when the U.S. population is aging, with the number of people aged 65 and up expected to surge 47% from 2022 to 2050 and demand for assistive care expected to increase accordingly.
Rap Star Pusha T’s Unique Medical Service Venture
Rap star Pusha T has broken away from typical celebrity business investments like high-end liquors and real estate and backed a unique venture: a medical transportation service. In a 2023 interview, he revealed that his favorite business, Caring Hands Medical Transportation, provides wheelchair-equipped vans to transport the elderly and disabled.
Starting with only two vans, the business now operates a fleet of 25 vehicles in seven Virginia cities. Despite not being as glamorous as other celebrity ventures, it has been lucrative for the rapper, whose real name is Terrence LeVarr Thornton. More than profits, Thornton appreciates the positive impact of his business on those in need.
A Growing Market in Elderly Care
With the number of people aged 65 and up expected to surge 47% from 2022 to 2050, the demand for assistive care is also set to increase. The global market for elder care services and devices was estimated at an impressive $868.2 billion in 2024 and is projected to reach $1.1 trillion by 2029, presenting a promising investment avenue.
Other Investment Opportunities in Elderly Care
Key players in this growing market include LTC Properties, a real estate investment trust (REIT) with a focus on senior care living facilities, which offers a 6.5% dividend yield. AMN Healthcare Services, a staffing company that helps hire healthcare professionals, generated over $3 billion in revenue in 2024. Another potential investment opportunity is DaVita Inc., a provider of kidney dialysis services, backed by investor Warren Buffett.
Disclaimer: This information is for reference only and should not be considered advice. It is provided without any warranty of any kind.
—
Read More Health & Wellness News ; US News