IMAC Holdings, Inc. Expands Missouri Footprint with Acquisition of Lockwood Chiropractic in Webster Groves
November 11 2020 - 5:00PM
IMAC Holdings, Inc. (Nasdaq: IMAC) (“IMAC” or “the Company”), a
provider of innovative medical advancements and care specializing
in regenerative rehabilitation orthopedic treatments without the
use of surgery or opioids, today announces the acquisition of
Lockwood Chiropractic in Webster Groves, Mo.
With historical six-figure revenue as a
chiropractic clinic and a presence in the community since 1990, the
purchase of Lockwood Chiropractic’s assets represents an expansion
of the Ozzie Smith Center brand within an established community
near downtown St. Louis. The owner of the clinic, Sharon Whalen,
D.C., will join IMAC’s team and continue to run the clinic in
Webster Groves.
“The addition of the Lockwood clinic provides us
with better access to St. Louis patients and is a turn-key
opportunity, as the existing infrastructure and existing staff will
deliver an immediate and seamless transition. Concurrently, our
existing Ozzie Smith Center in St. Louis may help us to grow the
Lockwood center and provide our services to an even wider patient
base outside that city,” said Matthew Wallis, chief operations
officer of IMAC. “The Lockwood acquisition is an excellent model
for our expansion strategy to partner with successful clinic owners
with a loyal clientele. We believe that this is an excellent
example of managing cash outlay while expanding our patient
base.”
The transition is scheduled to occur on Monday,
November 16, 2020. Prospective patients may call 855-OZZIE01 to
learn more about IMAC services.
About IMAC Holdings, Inc.
IMAC Holdings was created in March 2015 to
expand on the footprint of the original IMAC Regeneration Center,
which opened in Kentucky in August 2000. IMAC Regeneration Centers
combine life science advancements with traditional medical care for
movement restricting diseases and conditions. IMAC owns or manages
15 outpatient clinics that provide regenerative, orthopedic and
minimally invasive procedures and therapies. It has partnered with
several active and former professional athletes, opening six Ozzie
Smith IMAC Regeneration Centers, two David Price IMAC Regeneration
Centers, as well as Mike Ditka IMAC Regeneration Centers and a Tony
Delk IMAC Regeneration Center. IMAC’s outpatient medical clinics
emphasize its focus around treating sports and orthopedic injuries
and movement-restricting diseases without surgery or opioids. More
information about IMAC Holdings, Inc. is available at
www.imacregeneration.com.
# # #
Safe Harbor Statement
This press release contains forward-looking
statements. These forward-looking statements, and terms such as
“anticipate,” “expect,” “believe,” “may,” “will,” “should” or other
comparable terms, are based largely on IMAC's expectations and are
subject to a number of risks and uncertainties, certain of which
are beyond IMAC's control. Actual results could differ materially
from these forward-looking statements as a result of, among other
factors, risks and uncertainties associated with its ability to
raise additional funding, its ability to maintain and grow its
business, variability of operating results, its ability to maintain
and enhance its brand, its development and introduction of new
products and services, the successful integration of acquired
companies, technologies and assets, marketing and other business
development initiatives, competition in the industry, general
government regulation, economic conditions, dependence on key
personnel, the ability to attract, hire and retain personnel who
possess the skills and experience necessary to meet customers’
requirements, and its ability to protect its intellectual property.
IMAC encourages you to review other factors that may affect its
future results in its registration statement and in its other
filings with the Securities and Exchange Commission. In light of
these risks and uncertainties, there can be no assurance that the
forward-looking information contained in this press release will in
fact occur.
IMAC Press Contact: Laura Fristoelfristoe@imacrc.com
Investor Relations: Bret Shapiro(516)
222-2560brets@coreir.com
IMAC (NASDAQ:IMAC)
Historical Stock Chart
From Aug 2024 to Sep 2024
IMAC (NASDAQ:IMAC)
Historical Stock Chart
From Sep 2023 to Sep 2024