HIMALAYA TECHNOLOGIES PARTNERS WITH RENOVI! TO TARGET MEDICAL TOURISM MARKET IN CARIBBEAN; ADDS CEO TO ADVISORY BOARD

Pittsburgh, PA, March 11, 2024 (GLOBE NEWSWIRE) -- Himalaya Technologies, Inc. (OTC: HMLA) is pleased to announce it has partnered with Renovi Recovery SRL (“Renovi!”), a real estate development Company based in Santo Domingo, Dominican Republic (“DR”), to finance the development of a medical tourism resort in the #1 tourist destination in the Caribbean, the Dominican Republic. Additionally, the Company has appointed Renovi!’s CEO, David Burns, Ph.D., to its Advisory Board to guide its entry into this multi-billion dollar market, assist on mergers and acquisitions including a potential combination of Renovi! with Himalaya, and provide management consulting.

Medical Tourism Market and Renovi! Overview

Market Research Future estimates the medical tourism market at over USD $23.0 billion in 2023, growing to USD $121.8 billion by 2032, with a compound annual growth rate (“CAGR”) of 21%+. The availability of the newest medical technologies and the cheaper cost of treatment in emerging nations are key market drivers enhancing market growth. Renovi! is positioned to capture a key segment of this market by targeting U.S. patients aged 50 and older who suffer from chronic illness and have an urgent need for medical rehabilitation and recovery. Like other outpatient rehabilitation options, Renovi! provides physical therapy, behavior and lifestyle change, nutrition and weight loss, therapy and non-pharma multi-mode pain management.

The problem with traditional outpatient rehabilitation is that patients live at home during treatment, often in the same unhealthy living conditions that contributed to illness in the first place - poor diet, lack of exercise, insomnia, noise, stress, loneliness, pollution, etc. These unhealthy living conditions reduce treatment effectiveness and interfere with recovery. Renovi! reinvents traditional outpatient rehabilitation by offering patients a “recovery vacation” at an upscale, beachfront medical resort with healthy diet, exercise, community and exceptional medical care. This holistic approach accelerates recovery, improves quality of life and reduces the likelihood of recurrence. Renovi! differentiates itself from competitors by combining outpatient rehabilitation with healthy living in an upscale, beachfront medical resort . And, due to low labor costs in the DR, patients save 40% on outpatient rehabilitation costs compared to the U.S.