The Back Company demonstrates strong Q2 growth
June 30 2022 - 9:20AM
IMAC Holdings, Inc. (Nasdaq: IMAC) (“IMAC” or the
“Company”), today announces significant traffic growth for The Back
Company. The Back Space retail chiropractic centers, located in
select Walmart stores, generated over 100% visit growth compared to
the first quarter.
“Our team’s effort is evident as we continue to
improve systems to support our doctors that delivered over 6,500
visits this calendar quarter,” said Jeff Ervin, Chief Executive
Officer of IMAC. “The Back Space growth for the second quarter will
be a springboard to material revenue during the second half of the
year. This growth is significant since we just celebrated our first
birthday as a concept and many of our stores opened in 2022.”
The Back Space’s retail healthcare centers
specialize in chiropractic adjustments and percussion tool
therapies for soft tissue recovery, muscle relaxation and spinal
wellness. Services are 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.
About IMAC Holdings, Inc.
IMAC Holdings owns and manages health and
wellness centers that deliver sports medicine, orthopedic, and life
science therapies for movement restricting
diseases. IMAC is comprised of three business segments:
outpatient medical centers, The Back Space, and a clinical research
division. With treatments to address the aging
population, IMAC Holdings owns or manages outpatient
medical clinics that deliver regenerative rehabilitation services
as a minimally invasive approach to sports medicine and orthopedic
needs for young athletes to independent seniors. IMAC’s The Back
Company retail spine health and wellness treatment centers deliver
chiropractic care within Walmart locations. IMAC’s research
division is currently conducting a Phase I clinical trial
evaluating a mesenchymal stem cell therapy candidate for
bradykinesia due to Parkinson’s disease. For more information
visit 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. 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
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