IMAC Holdings acquired Louisiana Orthopaedic & Sports Rehab Institute in Baton Rouge, according to an Oct. 4 news release.
The transaction was completed Oct. 1 for an undisclosed combination of cash and common stock. Louisiana Orthopaedic & Sports Rehab Institute was founded by Allen Johnston, MD, in 1988. Dr. Johnston will continue to see patients and join IMAC as medical director.
"We are very pleased to further expand IMAC’s growing footprint into Louisiana where Dr. Allen Johnston and his practice at the Louisiana Orthopaedic & Sports Rehab Institute represent the perfect blend of capabilities, patient coverage and service excellence to complement IMAC’s service offerings," said Jeff Ervin, IMAC's CEO.
IMAC Holdings is a regenerative medicine provider specializing in orthopedics.