The IFA’s findings also show that the number of establishments in the sector is predicted to increase by 3.1% in 2022 to approximately 117,600, while employment in the sector is expected to contribute 552,700 jobs. Therefore, the IFA predicts that the Personal Services sector is going to be the head of franchising expansion in 2022, experiencing the highest growth both in number of establishments and in output. The demand for “fast casual” health and wellness is on the rise and the marketplace is listening. In fact, in 2021, 36% of The Joint’s new patients had never been to a chiropractor before they opened the door to The Joint – further validating the boom in health and wellness. Upon arrival you can park, walk in without an appointment (no insurance required), get an adjustment in five to 10 minutes, and be on your way. Today’s strip centers are increasingly occupied by concierge-style providers focused on health and wellness, such as chiropractic clinics, exercise clubs and gyms, nail care, waxing salons, medical spas, dental practices, and massage parlors.Īs for our concept, The Joint Chiropractic’s 700+ clinics can be found in high-traffic shopping centers, where parking is readily available, and you are surrounded by other daily-use retailers like your local supermarket or favorite coffee shop. This includes a move to wellness and beauty in your neighborhood shopping centers, which is a significant shift in retail real estate strategy. “Regal’s exclusive focus on healthcare services and its track record of building high quality healthcare companies makes it the perfect partner as we look to build InFocus.“Two years into a pandemic that has strained health systems and made booking doctors’ appointments next-to-impossible for some, patients are providing more of their own care at home.” “Our approach is to enhance operations and preserve the legacy of our affiliated practices while increasing the focus on growing our scope of patient care and services.” said Williams. “Ryan’s background and breadth of experience in the eyecare industry makes him an ideal partner for Regal” said Jon Santemma, co-founder and general partner of Regal Healthcare Capital Partners. David Kim, co-founder and general partner of Regal Healthcare Capital Partners. “We are excited to partner with Ryan and his team in building an eyecare platform that adopts a patient-first approach to delivering high quality eyecare” said Dr. Prior to partnering with Regal, Ryan was the Chief Operating Officer of West Point Optical, where he helped grow the largest Pearle Vision franchisee from 10 locations to more than 80 locations through buy-and-build strategies. Ryan Williams, a veteran eyecare services executive with over 20 years of experience in building eyecare businesses, will serve as the chief executive officer of InFocus Eyecare. Regal will invest in InFocus Eyecare from its $415 million third committed private equity fund.
Based in Jacksonville, Florida, InFocus will seek to create a market-leading eyecare company focused on providing high-quality and accessible optometric and vision services. (PRESS RELEASE) NEW YORK - Regal Healthcare Capital Partners (“Regal”), a New York-based healthcare private equity firm focused exclusively on investments in healthcare services companies, announces its partnership with Ryan Williams and his executive team to form InFocus Eyecare (“InFocus”).
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