Interactive Health, Inc. (Parent of Human Touch®) Acquires Relax The Back® Corporation to Mobilize Expansion in the Spinal Health Care Market
LONG BEACH, CA--November 09, 2016 - Human Touch®, the U.S. market leader of innovative massage chairs, Perfect Chair Recliners, and other wellness solutions, is pleased to announce that Interactive Health, Inc., the parent to the Human Touch subsidiary, has acquired all of the outstanding preferred and common shares of Relax The Back Corporation. With the completion of the acquisition on November 4, 2016, the Relax The Back franchise is now owned and operated by Interactive Health, Inc. Specific terms of the transaction are and will remain confidential.
Relax The Back, franchisor of nearly 100 back and neck care specialty retail stores, and Human Touch, an international distributor of ergonomic seating products, have enjoyed a close, mutually successful relationship over the past twenty years. Human Touch is a major supplier of zero gravity recliners and massage chairs to the Relax The Back network. This relationship was further strengthened in 2014 when Human Touch became the franchisee of two Relax The Back stores located in the Boston area.
This acquisition is expected to have a positive impact on both companies. For Human Touch, it provides an integrated presence in the growing neck and back care market at both the wholesale and retail levels. For Relax The Back, it provides access to the resources of a larger company that is well acquainted with the market, its business and people. This mutual familiarity is expected to ease the integration of the two companies and to produce a stronger, more efficient organization.
"This is an exciting development for both companies and an opportunity to drive growth and leadership in the ergonomic spinal health care market," said David Wood, CEO of Interactive Health. "Human Touch and Relax The Back share a passion for helping people maintain an active and pain-free lifestyle. We believe the acquisition will help to make it even easier for consumers to find, experience, and maintain back care solutions that will improve their daily lives."
Dick Palfreyman, the current Chief Executive Officer for Relax The Back will be retiring on December 16, 2016 after a long and successful tenure. David Wood, Chief Executive Officer for Interactive Health, will be assuming responsibility for Relax The Back Corporation, in addition to his existing duties with Human Touch. All current Relax The Back staff at their corporate office will report up to Robert McMillan, Relax The Back CFO and head of Operations.
About Human Touch
Human Touch is the leading provider of high-quality, innovative lifestyle products, massage chairs, and experiences that have been delivering indispensable, life-changing benefits to an ever-growing number of consumers for more than 35 years. Human Touch has been making people feel better by developing state-of-the-art massage products containing patented massage systems that replicate the hands and techniques used by massage professionals, thereby helping to reduce pain and stress caused by today's hectic lifestyle. Products are available at fine furniture stores, back care specialty stores, and mass-market retailers across the U.S., through international retailers and distributors in more than 40 countries, and online at www.humantouch.com.
About Relax The Back
Relax The Back is North America's largest specialty retailer of products that relieve and prevent back and neck pain with almost 100 franchised stores in the U.S. and Canada. Back Care Consultants are trained in ergonomics and spinal health to properly assess each client's needs. They provide back care education and products to improve spinal health and increase comfort throughout the day and night. Relax The Back straddles the boundary between health care and retail working with many medical professionals who refer their patients to us to help solve their postural challenges. Find information about the company and its products at www.relaxtheback.com
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