Austin, Texas, December 16, 2021/PRNewswire/-Restore Hyper Wellness® ("Restore"), an outstanding provider of cutting-edge health and wellness solutions, announced a round of $140 million The investment was led by the leading growth equity company General Atlantic. General Atlantic joined the ranks of existing investors, Level 5 Capital Partners, which is an experienced consumer private equity firm and an investor in health brands.
Founded in 2015, Restoration has created a whole new category, Hyper Wellness®, which includes a series of professionally delivered health protocols and models to promote short-term and long-term health. Restore’s most popular services include intravenous drip therapy, cryotherapy and infrared saunas, all of which maximize lifespan. Restore’s preventive solutions are designed to keep people away from the doctor’s office so that everyone can do more of what they like, whether they are managing chronic pain or training as an elite athlete. The company has achieved impressive success outside of gateway cities such as New York and Los Angeles. Franchising has flourished in traditionally underserved cities such as Little Rock, AR and Wichita, proving that everyone is interested in optimizing their own Interested in health.
Danny Kenny, the head of Level 5, said: "'Repair' has disrupted the health sector, and it will occupy a considerable share of this historically fast-growing but untapped market." As consumers take a more proactive approach to managing their own health, Restore’s innovative model combines treatment and prevention, and will become a model of personalized health."
Jim Donnelly, Co-founder and CEO of Restore, added: "We believe that everyone should have an active health model to help them feel their best so they can do more of what they like. We are defining A new medical experience that we describe as effective, social and transparent. Our prevention priority model (compared to the traditional disease care model) is still new to many consumers and communities."
Therefore, Restore will use this investment to expand its store scale and plans to open more than 100 stores next year. The company currently has 115 stores in 34 states and aims to open stores in 46 states by the end of 2022. Level 5's Restore franchisee platform plans to develop more than 50 stores, 15 of which will open in 2022.
Chris Kenny, the managing partner of Level 5, said: "In addition to our large franchisee investment in the Restore system, Level 5 is pleased to cooperate with General Atlantic, a company with a good track record in creating brands in the investment category." General Atlantic will act as a great ally to ensure the continued success of the recovery, which will further promote Level 5's mission to change local lives."
Jim Donnelly added: "The democratization of health should have been achieved long ago. Better results and choices should not be left to the rich. We are proud to make "recovery" available to all walks of life. In return, we are enthusiastic. Customers have become great brand ambassadors, and when they bring their friends and family to Restore, they provide better health."