The MAGNABID offering is now closed and is no longer accepting investments.


Bid and get matched with the best

Regulation Crowdfunding
Health Tech
Accepting International Investment
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IMPORTANT: MagnaBid Round 2 Now Open!

 Rethinking the way doctors and patients connect. 

Name Your Price | Find Your Doctor

MagnaBid is an online medical marketplace that works like Priceline.

Patients can name their price for a medical or cosmetic procedure and get matched with a doctor's offer.

Built By Healthcare Professionals 

Dr. Anita Sabeti created MagnaBid out of her own frustration with existing medical marketing solutions. She found that health industry middlemen were prohibiting patients from securing procedures at affordable prices and doctors were stuck seeking new patients through inconvenient sites like Groupon and Yelp.

With the help of her husband and computer scientist, Ben Mansouri, and his cousin Pez Zarifian, who works for NASA-JPL, the three developed an online platform that gives doctors like Dr. Anita, the flexibility to customize offers based on their schedules and let patients name their price.

MagnaBid currently has a community of early-adopters in Southern California and with your investment plans to gradually cover the entire United States.

How It Works

Unlike our competitors who are charging patients upfront or require a subscription fee and can take up to two weeks to reply with an offer, MagnaBid is 100% free for patients and requires nothing more than a cell phone number to place a bid.

Once a bid is entered on our site, our algorithm quickly searches for a comparable offer from participating doctors and instantly matches the doctor with patient. 

Patients also have the flexibility to put their bid in their "WishList" and we will negotiate their requested price with doctors on their behalf. 

$0.35/share│When you invest you are betting the company’s future value will exceed $3.5M.

MagnaBid believes in empowering patients to find their desired procedures at an affordable price while providing doctors with a truly hassle-free and low-cost platform to market their business.

What We Have Accomplished So Far

To date we have been focused on developing our bid-to-offer matching algorithms and the development of our website. Our site is fully developed for the first phase of our functionalities: doctors can now create and manage their offers under their profile and patients can bid on their favorite medical procedures. We have also implemented our Wish List algorithm which allows the patient to keep their bid in our database if there is no immediate match for their bid.

In the next few weeks MagnaBid will be ready for prime-time and we need your help to reach out to more doctors and patients and get the word out about Our goal is to provide a world-class customer service to our new client base.


Doctor's Dashboard

Patient's Dashboard

What Makes Our Product Different

From the beginning, we aimed to create a website that would truly benefit both patients and doctors - MagnaBid was created by a doctor, for doctors, and for the benefit of patients. Our site is 100% free for the patients, which allows them to place their bids as soon as they sign up using their (validated) cell phone number. Our medical board conducts a thorough background check of the doctors who sign up with us in order to ensure that only certified providers can offer their procedures through our site. When a match is made, the doctor is charged 3% of the price tag of the offer, or $10, whichever is less and we introduce the patient and the doctor - this relatively small fee allows for lower cost of customer acquisition for the doctors.

Current Procedures People Can Find on

Our Market and Industry

According to PricewaterhouseCoopers' (PwC) April 10, 2014 article, the U.S. healthcare market was a $2.8 trillion dollar market.

According to Centers for Medicare and Medicaid Services:

  • After 5.3% growth in 2014, national health spending is projected to have grown 5.5% in 2015.
  • The national health spending is projected to grow at an average rate of 5.6% per year for 2016 to 2025.

Based on these estimates, we calculate the size of the healthcare market to be $3.1 trillion today and to grow to $5.1 trillion by 2025.

The size of the healthcare market was predicted using data found on PwC Health Research Institute's website.

PwC’s Health Research Institute predicts that this market will soon undergo significant changes by disruptive technologies similar to those that reshaped the retail, banking and travel markets. The same report also suggests that healthcare providers should consider payments as a way to differentiate themselves, noting that retailers, airlines, restaurants and others have used payments to attract customers and build consumer trust, loyalty and satisfaction. Examples of these novel payment methods include's one-click shopping and Walmart’s WalmartPay.

Why Now Is The Best Time For

Source: Commonwealth Fund calculations based on Kasier/HRET, 1999-2008 MERS-IC; U.S. Census Bureau, Current Population Survey; Congressional Budget Office.

Why Now?

Now more than ever, the doctor-patient community is in need of With the rising cost of insurance premiums and deductibles, our nation is in need of a more efficient system to remove the middleman and directly connect patients to doctors. The dizzying rise in the cost of health care has reduced the purchasing power of many lower and middle class families. Thereby, impacting their quality of life, which is what the health care system was meant to help sustain in the first place! At the same time so many necessary procedures are labeled as "cosmetic" (e.g. LASIK, breast reduction surgery, ENT procedures related to snoring, etc.) by insurance companies and not covered. Many patients are incapable of paying for these expensive procedures out of pocket unless they are able to find an affordable offer from a doctor directly.

On the other side of this equation are the doctors in our community whose businesses are suffering from obscene marketing costs, forcing many to hustle to do side jobs only to maintain their business. The cost of inefficient marketing platforms has been skyrocketing; despite the obvious lack of benefit to both doctors' businesses and patients' ability to systematically find affordable procedures.

Media's View On The Future Of Our Business Model

On January 26, 2017, an article in Times magazine noted that "nowadays many of the people seeking cash-based care are middle-class Americans with high-deductible insurance plans. For a patient with an $11,000 family deductible, for example, it might make more sense to seek out a cash-based center". The same article also mentioned that "with the Affordable Care Act on the chopping block, many experts expect the free-market model to take off. While congressional Republicans have yet to produce a viable replacement for the Obama Administration's health care law, almost any change is likely to result in more Americans' choosing high-deductible insurance plans, which would help fuel the cash-based marketplace for years to come."

Source: Times Magazine 

MagnaBid aims to serve cash-only physicians as well as those who have direct-pay deals for their patients. However it is interesting to note that according to an article on the Southern California Public Radio (SCPR) website "[the number of cash-only physicians] have been growing by 25 percent a year over the past four years." - this trend suggests a shift away from traditional doctor-insurance-patient relationship towards a direct doctor-patient only relationship. 

Our Team

From left to right, Ben Mansouri (CTO), Camelia Sehat (RN, Advisor and wife of CEO), Pez Zarifian (CEO), DR. Anita Sabeti (President and wife of CTO)

Offering Summary

Irregular Use of Proceeds

The Company might incur Irregular Use of Proceeds that may include but are not limited to the following over $10,000:

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Most recent fiscal year-end:
Prior fiscal year-end:
Total Assets
Cash And Cash Equivalents
Accounts Receivable
Short Term Debt
Long Term Debt
Revenues And Sales
Costs Of Goods Sold
Taxes Paid
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A crowdfunding investment involves risk. You should not invest any funds in this offering unless you can afford to lose your entire investment. In making an investment decision, investors must rely on their own examination of the issuer and the terms of the offering, including the merits and risks involved. These securities have not been recommended or approved by any federal or state securities commission or regulatory authority. Furthermore, these authorities have not passed upon the accuracy or adequacy of this document. The U.S. Securities and Exchange Commission does not pass upon the merits of any securities offered or the terms of the offering, nor does it pass upon the accuracy or completeness of any offering document or literature. These securities are offered under an exemption from registration; however, the U.S. Securities and Exchange Commission has not made an independent determination that these securities are exempt from registration.


Thank You for Supporting MagnaBid

almost 5 years ago

Dear investors, supporters, and followers of MagnaBid,

We are pleased to announce that we have closed our pre-seed round of investment having collected more than 120% of our $100K goal. My co-Founders and I would like to thank you for investing in our company and joining us on this exciting journey.

In the past two months, we have put the funds collected towards developing a mobile app, improving our website, and marketing to doctors. Our team has also attended several events to reach out to prospective users and connect with future investors.

The future of Healthcare in America remains uncertain. However, our aim is to put the control in the hands of those who are most affected by this uncertainty: the patients and the doctors. Our mission is to create a free marketplace that enables doctors and patients to set the price of medical, dental, and cosmetic procedures. We believe that doing so will bring about a renewed sense of community to the Healthcare market that has been long lost.

Creating MagnaBid has been incredibly exciting and rewarding for our team. We would like to thank you again for your support and feedback. Please feel free to reach out to us if you have any questions or comments for us.


Pez Zarifian, CEO

Magnabid Inc.

Cell: 424-343-9569

Office: (888) 559-1112 x103

Amending our Securities Offering

about 5 years ago

Hello! Recently, a change was made to the MAGNABID offering. Here's an excerpt describing the specifics of that change:

MagnaBid has increased their maximum funding goal and extended their campaign deadline to August 23, 2017.

When live offerings undergo changes like these on StartEngine, the SEC requires that certain investments be reconfirmed. If your investment requires reconfirmation, you will be contacted by StartEngine via email with further instructions.

Update to MagnaBid's Offering Document

about 5 years ago


We recently noticed a statement in our offering document that refers to our "target" amount as $99,990.90 when in fact the SEC describes the "target" amount as our minimum funding goal, which in our case is $9,990.90.

Our offering document has already been updated and we are posting this update to clarify that the minimum target raise is $9,990.90 as indicated in the Form C filing. If you think that you might have been affected by this change, you have the right to get a refund of your investment by reaching out to for any further clarification.


Pez Zarifian, CEO

Office: (888) 559-1112 x103

MAGNABID is Conducting a Close on Their Offering

over 5 years ago

MAGNABID has exceeded their minimum funding goal and are continuing to accept investments through 6/30/2017.

Per their offering terms, and because their equity crowdfunding campaign has now exceeded the minimum funding goal by over 813%, they have decided to conduct a closing on 6/27/2017. If your funds have cleared you will have up until 48 hours prior to this closing to cancel your investment. If your funds have not yet cleared by this date, then you will be part of the next closing if and when your funds do clear.

House Passes GOP Health Care Bill

over 5 years ago

As you may know, last Thursday the House approved a health care bill that would no longer require people to buy insurance through the marketplaces created by the Affordable Care Act. It also would eliminate the tax penalty for failing to have health insurance coverage.

This means that more patients are interested in less expensive/high deductible insurances, and an alternative health care model called direct-pay or self-pay medicine. is the ultimate tool for self-paying patients who directly pay their doctors at the time of their appointment. We are expecting more physicians, clinics, and hospitals to use our services to offer their self-pay services to patients.

A limited number of the common stock of MagnaBid is now available for purchase through our equity crowdfunding campaign at We look forward to sharing the growth of our company with you as the healthcaremarket makes a historic transition towards the direct-pay model.

MagnaBid at Collision

over 5 years ago

We had a blast at the Collision conference in New Orleans last week and had the opportunity to make some great connections and meet with a few investors. Ben received lots of great feedback on our website and Anita and Pez heard lots of great ideas regarding ways to add value to our users. We are excited to put these great ideas to work!


MagnaBid Highlighted at DoctorCPR 2017

over 5 years ago

We had the opportunity of meeting so many amazing doctors at the DoctorCPR event on Sunday. We are overwhelmed with the number of interested doctors who wanted to sign up with us on the spot. We are so incredibly excited about expanding our community of doctors :)

MAGNABID is Conducting a Close on Their Offering

over 5 years ago

MAGNABID has exceeded their minimum funding goal and are continuing to accept investments through 6/30/2017.

Per their offering terms, and because their equity crowdfunding campaign has now exceeded the minimum funding goal by over 528%, they have decided to conduct a closing on 5/8/2017. If your funds have cleared you will have up until 48 hours prior to this closing to cancel your investment. If your funds have not yet cleared by this date, then you will be part of the next closing if and when your funds do clear.

Came out of the weekend with $62K of $100K!

over 5 years ago

We got out of the weekend with $62K of our $100K goal raised in just 3 weeks! We are moving much faster than we expected! ;) From all of us at MagnaBid we want to thank our investors for believing in us and joining us on this exciting endeuver.

Thank You!!!

over 5 years ago

Invest In MagnaBid

A heartfelt thank you for supporting us with raising the minimum goal for our seed round in just 3 days!  We are quickly approaching 50% of our target investment. Currently at ...

$45K  of  $100K

  Invest In MagnaBid  

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