T he Back Space Grand Opening is the first retail location in a pilot program with ten locations
BRENTWOOD, Tennessee, June 7, 2021 (GLOBE NEWSWIRE) – IMAC Holdings, Inc. (Nasdaq: IMAC) (“IMAC” or the “Company”) announces the start of its partnership with Walmart by opening its first “The Back Space ”Retail health center specializing in chiropractic and spine care.
IMAC’s The Back Space, located right inside a Walmart retail store, offers chiropractic adjustments, nerve and muscle stimulation, and percussion therapies for soft tissue restoration, muscle relaxation, and spine wellness. Services are offered on a walk-in and appointment basis at a price of $ 25 per treatment, with memberships available for $ 65 per month and valid at any The Back Space location. Each location accepts payments in the form of credit, cash, and Venmo. Further information can be found at www.back.co.
“We are committed to helping our customers lead a better life; Partnering with The Back Space gives us the opportunity to do just that, ”said Darryl Spinks, Sr. Director, Walmart Services.
“We are very excited to be working with Walmart to bring IMAC’s high standards of care to our new brand, The Back Space. We look forward to serving Walmart customers who may have neglected the health and wellbeing of their spine because it was inconvenient or too expensive, ”commented Jeffrey Ervin, CEO of IMAC Holdings. “The Back Space’s first pilot project within Walmart is an efficient use of space and capital that will allow both the retailer and our subsidiary to capitalize on the opportunities created by cross-traffic.”
According to the United States Chiropractic Association, back pain is the number one cause of disability and the number one cause of lost work around the world. A study in the journal Neurologic Clinics estimates that up to 80% of the population will experience back pain at some point in their life, regardless of age, gender, or economy. 1 In fact, after skin conditions and osteoarthritis, back pain is the third most common reason to see a doctor. While most people with low back pain recover, it is common and can become chronic and disabling for a small percentage of people. Lower back pain costs Americans at least $ 50 billion in health care bills each year, rising to over $ 100 billion when you factor in lost wages and lost productivity. 2
1 Rubin Dl. Epidemiology and Risk Factors for Spinal Pain. Neurol Clin. 2007; May; 25 (2): 353-71
About IMAC Holdings, Inc.
IMAC was founded in March 2015 to expand the footprint of the original IMAC regeneration center, which opened in Kentucky in August 2000. IMAC regeneration centers combine advances in life sciences with traditional medical care for diseases and conditions that limit movement. IMAC owns or manages more than 15 outpatient clinics that offer regenerative, orthopedic and minimally invasive procedures and therapies. It has teamed up with several active and former professional athletes including Ozzie Smith, David Price, Mike Ditka and Tony Delk. The main focus of the medical ambulances of the IMAC is the treatment of sports injuries and orthopedic injuries as well as diseases that restrict movement without surgery or opioids. More information about IMAC Holdings, Inc. can be found at www.imacholdings.com.
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Safe Harbor Statement
This press release contains forward-looking statements. These forward-looking statements and words such as “anticipate”, “expect”, “believe”, “may”, “will”, “should” or other similar expressions are based largely on IMAC’s expectations and are subject to a number of risks and uncertainties some of which are beyond the control of IMAC. Actual results could differ materially from these forward-looking statements due to, among other things, risks and uncertainties relating to our ability to raise additional funds, our ability to maintain and grow our business, variability in results of operations, our ability to maintain business, and Improving its brand, developing and launching new products and services, successfully integrating acquired businesses, technologies and assets, marketing and other business development initiatives, industry competition, general government regulation, economic conditions, dependence on key personnel, ability to employ people attract, hire and retain those who have the skills and experience necessary to meet customers’ demands and their ability to protect their intellectual property. IMAC encourages you to review other factors that may affect its future results in its registration statement and other filings with the Securities and Exchange Commission. Given these risks and uncertainties, there can be no assurance that the forward-looking information contained in this press release will actually occur.
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