IMAC owns or manages 15 outpatient clinics that provide regenerative, orthopedic and minimally invasive procedures and therapies.

IMAC Regeneration Centers combine life science advancements with traditional medical care for movement restricting diseases and conditions. 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 is scheduled to complete the cash transaction on February 28, 2021. The purchase price of Synergy Healthcare represents 1.4 times 2020 adjusted cashflow. IMAC will seek additional acquisitions in Florida where we see a demonstrated need for our service offerings.вЂќ

вЂњWe are very pleased to add to our strategic expansion in Florida as we enter into the robust, high demand Central Florida, Orlando market with the quality history of Synergy Healthcare. вЂњWe are thrilled to commence 2021 in similar fashion to our strong 2020 start, with the acquisition of a profitable, highly synergistic therapeutic clinic operation, as we continue to identify solid practices at attractive valuations within our target expansion markets,вЂќ said Jeffrey Ervin, Chief Executive Officer of IMAC. IMAC anticipates implementing its regenerative rehabilitation offerings, including its patient wellness subscriptions to the clinicвЂ™s established services during the first half of 2021. Synergy Healthcare opened and operates in eastern Orlando and has demonstrated consistent profitability for ten years.

The acquisition expands the CompanyвЂ™s presence to central Florida, adding Orlando to its Chiropractic Health of Southwest Florida, Inc, Bonita Springs clinic which it acquired in January 2020. (Nasdaq: IMAC) (вЂњIMACвЂќ or the вЂњCompanyвЂќ), a provider of innovative medical advancements and care specializing in regenerative rehabilitation orthopedic treatments without the use of surgery or opioids, today announces it has executed a definitive agreement to acquire assets of NCH Chiropractic, PLLC dba Synergy Healthcare in Orlando, Florida. 14, 2021 (GLOBE NEWSWIRE) - IMAC Holdings, Inc.

Synergy healthcare