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Banyan opens chiropractic clinics nationwide.

Managed Care Weekly

| October 06, 2003 | COPYRIGHT 2003 NewsRX. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

2003 OCT 6 - (NewsRx.com & NewsRx.net) -- Banyan Corporation (BANY) subsidiary, Chiropractic USA, Inc., on September 1, 2003, opened its first franchised clinics, with the conversion of various chiropractic clinics in California, Hawaii, Michigan, Louisiana, and Florida into Chiropractic USA franchised clinics.

Banyan CEO Michael Gelmon said, "These established clinics are all now operating and trading under the name 'Chiropractic USA.' While this is only our first operational step in our franchise program, it already represents annual system-wide revenues in excess of $6 million-and this is just the beginning. We are also in the final stages of negotiations with area …

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