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Target Clinic Identified for Expansion into Chicago Market
BRENTWOOD, Tenn, March 14, 2019 (GLOBE NEWSWIRE) — IMAC Holdings, Inc. (Nasdaq: IMAC), a provider of Innovative Medical Advancements and Care, specializing in regenerative rehabilitation orthopedic treatments without the use of surgery or opioids, announces that Mike Ditka has been engaged to serve as brand ambassador for the Company’s planned expansion into the Chicago market.
Mr. Ditka, a three-time Super Bowl champion and 11-year coach of the Chicago Bears, joins other IMAC iconic brand ambassadors including Tony Delk, Ozzie Smith and David Price to bring awareness to IMAC’s conservative approach to treating mobility impairments. Mr. Ditka, known as “Iron Mike” because of his upbringing in a Pennsylvania steel town, is one of only two people to win an NFL title as a player, an assistant coach and a head coach, and one of only four people to win a championship as head coach of a team he played for previously.
Commenting on his affiliation with IMAC, Coach Ditka said, “My athletic career has been incredibly fulfilling, but it left me with many aches and pains. IMAC’s service offering is custom-made for patients like me, and being a part of IMAC allows me to help the public understand that there are therapeutic alternatives for mobility impairments that do not involve surgery and the attendant use of opioids.”
“IMAC is delighted and proud to add another Hall of Fame athlete to our team. Coach Ditka has a storied history in Chicago that we believe will resonate with local residents looking to improve their quality-of-life through non-surgical sports medicine solutions,” said Jeff Ervin, chief executive officer of IMAC Holdings.
IMAC Holdings has identified merger targets in the Chicago market and has recently executed a preliminary, non-binding letter of intent to acquire a practice management group. The acquisition is expected to be completed in the second quarter of 2019, pending an audit, board approval, and final terms.
“Chicago is an excellent market for IMAC. We anticipate that our self-insured and corporate partnerships division will see tremendous opportunities in the large Chicago market. IMAC has the ability to contract directly with employers to deliver a conservative care alternative to expensive orthopedic surgeries. We anticipate delivering non-surgical rehabilitation solutions to individuals and companies from multiple Mike Ditka Center facilities in the Chicago area,” Mr. Ervin added.
About IMAC Holdings, Inc.
IMAC Holdings 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. It owns or manages outpatient clinics that provide regenerative, orthopedic and minimally invasive procedures and therapies. It has partnered with several active and former professional athletes, opening two Ozzie Smith IMAC Regeneration Centers, two David Price IMAC Regeneration Centers, and a Tony Delk IMAC Regeneration Center. IMAC’s outpatient medical clinics emphasize its focus around treating sports and orthopedic injuries without surgery or opioids.
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.
More information about IMAC Holdings, Inc. is available at www.imacregeneration.com
IMAC Press Contact:
LHA Investor Relations
Kim Sutton Golodetz