IMAC Holdings Introduces The Back Space - First In-Store Chiropractic and Spinal Care Location within Walmart
June 07 2021 - 12:01PM
IMAC Holdings, Inc. (Nasdaq: IMAC) (“IMAC” or the “Company”)
announces the launch of its partnership with Walmart through the
opening of its first “The Back Space” retail healthcare center
specializing in chiropractic and spinal care services.
IMAC’s The Back Space, which is directly within
a Walmart retail store, delivers chiropractic adjustments, nerve
and muscle stimulation, and percussion tool therapies for soft
tissue recovery, muscle relaxation, and spinal wellness. Services
will be offered on a walk-in and appointment basis, priced at $25
per treatment, with memberships available for $65 per month that
are valid at any The Back Space location. Each location will accept
payment in credit, cash, and Venmo. More information can be found
at www.back.co.
“We’re on a mission to help our customers live
better; partnering with The Back Space gives us the opportunity to
do just that,” said Darryl Spinks, Sr. Director, Walmart
Services.
“We are thrilled to partner with Walmart in
bringing IMAC’s high care standards to our new brand, The Back
Space. We look forward to serving Walmart customers who may have
neglected spinal health and wellness because it was inconvenient or
too costly,” commented Jeffrey Ervin, CEO of IMAC Holdings. “The
initial pilot of The Back Space within Walmart is an efficient use
of space and capital, allowing both the retailer and our subsidiary
to benefit from opportunities generated through cross traffic.”
According to the United States Chiropractic
Association, back pain is the single leading cause of disability
worldwide and is the most common reason reported for missed work. A
study in the journal, Neurologic Clinics, estimated that up to 80%
of the population will experience back pain at some point in their
lives, regardless of age, gender, or economics.1 In fact, back pain
is the third most common reason for doctor visits, behind skin
disorders and osteoarthritis. While most people with lower back
pain recover, reoccurrence is common and could become chronic and
disabling for a small percentage of people. Lower-back pain costs
Americans at least $50 billion in health care costs each year and
rises to more than $100 billion after factoring in lost wages and
decreased productivity.2
_________________________
1 Rubin Dl. Epidemiology and Risk Factors for Spine
Pain. Neurol Clin. 2007; May;25(2):353-712
https://www.acatoday.org/Patients/What-is-Chiropractic/Back-Pain-Facts-and-Statistics
About IMAC Holdings, Inc.
IMAC 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
more than 15 outpatient clinics that provide regenerative,
orthopedic and minimally invasive procedures and therapies. It has
partnered with several active and former professional athletes
including Ozzie Smith, David Price, Mike Ditka and Tony Delk.
IMAC’s outpatient medical clinics emphasize treating sports and
orthopedic injuries and movement-restricting diseases without
surgery or opioids. More information about IMAC Holdings, Inc. is
available at www.imacholdings.com.
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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
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