iMD Companies, Inc. Expands Riize's Product Line
New Products Include High Demand Hair Loss, Weight Loss, and Woman's Libido Products
iMD Companies, Inc. (OTC: ICBU) has successfully acquired Riize, LLC (Riize). This innovative telemedicine company is poised to broaden its product range and transform its market presence, offering exciting growth opportunities for both organizations.
In less than a year, from September 2023 to March 2024, Riize has quickly established itself as a leader in online personal healthcare, serving both men and women. During this period, it experienced remarkable growth, achieving a sixfold increase in sales order volume and tripling its subscriber base for sexual health products.
Exciting New Product Launches
As part of its growth strategy, Riize is set to launch a variety of products focused on Testosterone Replacement Therapy (TRT), Hormone Replacement Therapy (HRT), and solutions for Hair Growth. These new offerings are expected to be available around mid-September 2024 and will target personal care areas projected to grow at rates exceeding 8%.
Telemedicine Platform Expansion
In addition, Riize is gearing up to introduce a telemedicine platform in Canada. This platform will combine pharmaceutical and healthcare provider options for all products, including those related to sexual wellness. This strategic initiative is planned for late September to early October 2024.
Leadership Insights
Reilly Schueler, CEO of Riize Health, shared, "Having demonstrated the scalability of our business model and telemedicine platform with innovative sexual health products, partnering with iMD opens up a new realm of strategic opportunities. As a wholly-owned subsidiary, we are excited to broaden our market reach and product offerings."
Strengthening Market Position
The collaboration between Riize Health and iMD Companies is set to create a stronger presence in the telemedicine and personal healthcare sectors.
Rick Wilson, President and CEO of iMD Companies, expressed his excitement about the completion of the acquisition, saying, “We’re looking forward to expanding our subsidiary Riize. Stay tuned for future announcements regarding product line expansions and revenue projections.”
About Riize, LLC
Riize is at the forefront of transforming healthcare, recognized as a leading telemedicine and pharmacy service provider. With a primary focus on sexual health and weight loss, Riize stands out by providing a convenient online platform that connects patients with licensed medical professionals. This innovative approach emphasizes personalized care, allowing for consultations via video or phone, enabling accurate diagnoses, and creating tailored treatment plans to meet individual needs.
Commitment to Access
Riize is committed to breaking down barriers to healthcare access. Patients benefit from avoiding long wait times and the hassle of traveling to physical clinics. With just a few clicks, quality healthcare becomes readily available online, prioritizing patient health and well-being.
About iMD Companies, Inc.
iMD Companies, Inc. (OTC: ICBU) is a Florida Corporation reimagined as a holding company focused on strategic acquisitions and technological advancements in healthcare. The vision behind iMD is to integrate the skills and expertise of its team, creating a unified approach to drive the company’s success in the health market.
Contact Information
For further inquiries, contact:
iMD Companies, Inc.
info@imdcompaniesinc.com
Frequently Asked Questions
What is the main focus of the new products from Riize?
The new products from Riize will focus on hair loss, weight loss, and women's libido, significantly expanding their healthcare product line.
When will Riize's new products be available?
Riize plans to launch its new products around mid-September 2024.
Where will Riize expand its telemedicine services?
Riize is set to launch its telemedicine platform in Canada, offering a range of healthcare and pharmaceutical solutions.
Who is the CEO of Riize Health?
The CEO of Riize Health is Reilly Schueler, who is enthusiastic about the potential growth following the acquisition by iMD.
What is the main mission of iMD Companies, Inc.?
iMD Companies aims to unify expertise in healthcare to push forward as a cohesive entity in the market through acquisitions and innovation.
