IMAC Holdings Acquires Active Medical Center in Southwestern Chicago Suburb
“Active Medical Center’s
The practice was purchased for an undisclosed amount that represents approximately 2.0x 2020 cash flow. Immediate expense synergies are expected to deliver an additional 0.4x cash flow annually. This acquisition price is consistent with the Company’s targeted capital allocation for such acquisitions. Moreover, the medical focus of
“We firmly believe in the price discipline within our acquisition strategy to grow existing and neighboring markets. This is our fourth acquisition in 2021 and we have a robust pipeline of targets to continue our strategy into the second half of the year," concluded
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 over 15 outpatient medical clinics that provide regenerative, orthopedic and minimally invasive procedures and therapies. It has partnered with several active and former professional athletes including
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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.
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Source: IMAC Holdings, Inc.