XpresSpa Announces Partnership with Relevant Healthcare
March 25 2020 - 9:00AM
XpresSpa Group, Inc. (Nasdaq: XSPA) (“XpresSpa” or the “Company”),
today announced an update to discussions in converting its spa
locations into novel coronavirus (“COVID-19”) testing locations.
XpresSpa will be partnering (the “Partnership”)
with Relevant Healthcare Cost Containment®, the registered trade
name of Contain Holdings, LLC, an Illinois limited liability
company (“Relevant Healthcare”), a Chicago-area healthcare cost
containment, payment integrity and transparency company. Relevant
Healthcare had previously announced that it is offering testing for
COVID-19 (the “COVID-19 testing”) through its contracts with both
Laboratory Corporation of America® (“LabCorp”) and Quest
Diagnostics™ (“Quest”). Both LabCorp and Quest are the leading
laboratory companies in the U.S. and have the current capacity to
process tens of thousands of COVID-19 tests per day. All COVID-19
testing will be done by appropriately licensed health professionals
in accordance with applicable federal and state laws.
With our global spas temporarily closing due to
recent local government mandates categorizing our traditional
services as “non-essential services”, XpresSpa is actively
advancing conversations with COVID-19 testing partners to develop a
model for testing in U.S. airports including point of entry cities
such as New York, Los Angeles, San Francisco, Chicago, Miami,
Atlanta and Washington D.C. We have had dialog with the offices of
U.S. Senators, Governors, federal authorities and other various
agencies to assist in the effort to expedite COVID-19 testing as a
much-needed public service.
Our airport real estate portfolio of 46
locations across 23 U.S. airports is ready to reactivate and be
redeployed in partnership with local airport authorities in short
order.
Doug Satzman, CEO, XpresSpa said, “This is a
rapidly developing environment with private and public sectors
working in unprecedented ways to partner for the benefit and
protection of our citizens. We believe XpresSpa has a significant
role to play in the fight against COVID-19 within the travel sector
given our airport relationships, infrastructure, workforce with TSA
clearance and strong desire to keep travelers and those who work in
the airline industries safe.”
When approached by XpresSpa with a potential
partnership, Raymond McGaugh, CEO, Relevant Healthcare responded,
“I believe this is much needed as the U.S. is mobilizing to
implement the first part of the recognized strategy to combat the
COVID-19 pandemic, which is mitigation with social distancing, and
is rapidly moving to implement the second step of testing for the
COVID-19 virus on a mass scale to combat the pandemic. U.S.
airports are undoubtedly one of the most important gateway targets
with a large population of U.S. airport workers, vendors, TSA
security and screeners personnel, airline personnel and, of course,
travelers.”
XpresSpa has a significant role to play in the
fight against COVID-19 as we, as a nation, become more vigilant in
fighting the spread of COVID-19 and other highly contagious
diseases in the future. We hope to use our infrastructure and the
processes being developed today to work in coordination with the
federal and state governments to assist in combating future
pandemics.
About XpresSpa Group,
Inc.XpresSpa Group, Inc. (Nasdaq: XSPA) is a health
and wellness holding company. XpresSpa Group’s core
asset, XpresSpa, is a leading airport retailer of spa services
and related health and wellness products, with 51 locations in 25
airports globally. XpresSpa offers services that are
tailored specifically to the busy travel
customer. XpresSpa is committed to providing exceptional
customer experiences with its innovative premium spa services, as
well as luxury travel products and
accessories. XpresSpa provides almost one million
services to customers per year at its locations in the United
States, Netherlands, and the United Arab Emirates. To
learn more about XpresSpa Group,
visit: www.XpresSpaGroup.com. To learn more
about XpresSpa, visit www.XpresSpa.com.
Forward-Looking StatementsThis
press release may contain "forward-looking" statements within the
meaning of Section 27A of the Securities Act of 1933, and Section
21E of the Securities Exchange Act of 1934. These include
statements preceded by, followed by or that otherwise include the
words "believes," "expects," "anticipates," "estimates,"
"projects," "intends," "should," "seeks," "future," "continue," or
the negative of such terms, or other comparable terminology.
Forward-looking statements relating to expectations about future
results or events are based upon information available
to XpresSpa Group as of today's date and are not
guarantees of the future performance of the company, and actual
results may vary materially from the results and expectations
discussed. Additional information concerning these and other risks
is contained in XpresSpa Group’s most recently filed Annual Report
on Form 10-K, Quarterly Report on Form 10-Q, recent Current Reports
on Form 8-K and other Securities and Exchange
Commission filings. All subsequent written and oral
forward-looking statements concerning XpresSpa Group, or other
matters and attributable to XpresSpa Group or any person
acting on its behalf are expressly qualified in their entirety by
the cautionary statements above. XpresSpa Group does not
undertake any obligation to publicly update any of these
forward-looking statements to reflect events or circumstances that
may arise after the date hereof.
Investor Relations:ICRRaphael
Gross(203) 682-8253
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