IMAC - IMAC expands Florida presence with Tampa clinic acquisition

For continued market expansion in Florida, IMAC (IMAC) purchased Willmitch Chiropractic in Tampa in all-cash transaction which is scheduled to close on Feb.8.Under asset purchase agreement terms, the acquisition price of Willmitch Chiropractic represents a maximum 1.45 times trailing 12 months cash-flow of its existing patient base, depending on a seller earn-out provision.Acquisition supports the rising demand and awareness for non-surgical movement and spinal care medical services while strategically expanding its Florida presence post its recent acquisition in Orlando.In 2020, both the acquired clinics received 18K+ patient visits.IMAC shares traded 7.7% higher premarket.

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IMAC expands Florida presence with Tampa clinic acquisition