Husein Moloo | Top 40 Under 40 2023

His fast-growing virtual care company helps people from underserved communities gain access to medical care.

Photo by Jared Sych; location, Eau Claire Tower.

Age: 39

Job title: CEO and Co-Founder, PurposeMed

Why he’s a 2023 Top 40 Under 40: His fast-growing virtual care company helps people from underserved communities gain access to medical care.

Right this minute, somewhere in Canada, someone is seeking medical care in a hospital emergency room because they couldn’t access appropriate care anywhere else. Husein Moloo is trying to change that.

In 2019, while working as a hospitalist physician for Alberta Health Services, Moloo co-founded PurposeMed Inc., a virtual care company that provides specialized medical care for underserved communities. PurposeMed operates three services: Freddie, which delivers HIV prevention medication (PrEP) to 2SLGBTQIA+ Canadians; Frida, which provides diagnosis and treatment for attention deficit hyperactivity disorder; and Foria, a virtual care service for transgender Canadians.

In 2021, PurposeMed provided care to about 1,000 patients a month.That figure rose to 10,000 in 2023. The company now has 200 full-time employees. This growth led Kitchener, Ont.-based accelerator Communitech to declare PurposeMed a top tech performer with the potential of achieving $1 billion in revenue.

PurposeMed is the latest in a string of successful business ventures from the born-and-raised Calgarian. As a high-school student, Moloo and his father launched a company selling burnable CDs. After reaching $500 million in sales, they licensed the technology to another company in 2007 and founded Highpoint Developments, a real-estate development company. Moloo remains the CEO at Highpoint.

Moloo decided to pursue medicine when his brother developed leukemia as a child. “I saw how physicians treated him and I wanted to have that effect on other folks,” he says. He has since stepped away from clinical care to focus on PurposeMed, which provides a different kind of satisfaction. “When we get patient reviews saying how we’ve changed someone’s life, that really shows that what we’re doing matters,” he says.

Thank Yous
“My wife, Catherine; my parents, Imi and Nina; my brothers Rahim and Ali; my in-laws Henry and Jane; my co-founders Pete and Amaan.”

 

Top 40 Under 40 2023

Susannah S. Alleyne

Dave Carlton & Andrew Renaux

May Choi

Devin Cooper

Matthew Corkum

Morgan Curley & Marc Husted

Lauren DeDieu

Julie Deleemans

Barry, Daniel & Lorin Doerksen

Nauzer Forbes

Aravind Ganesh

Stephanie Hutchinson

Hadis Karimipour

Dion Kelly & Eli Kinney-Lang

Ben Klepacki

Krista Lauridsen

Chantelle Little

Aaron Logan

Adam Martinson

Renee Matsalla

Jayme Minor

Husein Moloo

Daniel Monzon

Anna Murphy

Toyin Lafenwa Oladele

Maxim Olshevsky

David Oulton

Kathryn Pearce

Jacqueline Peterson

Steven Ross

Julie Rubin

Ishita Singla

Chaz Smith

Cassie Suche

Jared Darcy Tailfeathers

Brodie Thomas

Benjamin Tutolo

Andrea Urquhart

Ashley Wanamaker

Steven Yip

Learn more about the people and organizations moving Calgary forward with Avenue's Innovation Newsletter.

This article appears in the November 2023 issue of Avenue Calgary.

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