Lafayette Square Fuels Expansion of Prime IV Hydration & Wellness
Lafayette Square has made headlines recently by announcing its provision of a senior secured loan through its SSBIC investment vehicle to support the growth of Prime IV Hydration and Wellness, Inc. This innovative company specializes in IV therapy and wellness services, expanding rapidly since its founding.
Prime IV: A Leader in IV Therapy
Founded in 2017 by the visionary Amy Neary, Prime IV has quickly risen to prominence as a national leader in IV hydration therapy. With 189 active locations spread throughout 40 states, the company offers customizable IV drips that promote recovery, stress relief, anti-aging, and overall wellness. Clients experience their treatments in a serene environment, branded as the "Prime 1-Hour Vacation," where comfort meets advanced health solutions.
Therapies That Bring Wellness
In addition to their core offerings of IV therapy, Prime IV provides a range of additional services, including bioidentical hormone replacement therapy (BHRT), peptides, and NAD+ treatments. Recognized as the top brand in the IV Therapy Category by Entrepreneur Magazine's Franchise 500 two years in a row, Prime IV has proven its commitment to excellence and innovation in health and wellness.
Lafayette Square: Empowering Businesses
Aquil Stinson, a Director at Lafayette Square, emphasized the firm's commitment to supporting businesses that may struggle to access flexible long-term capital. "Prime IV exemplifies the type of business we aim to support with our non-sponsored investment approach," Stinson noted. He highlighted the company’s unique position as a successful operator emerging from outside major financial centers, making this partnership particularly valuable.
Investment Beyond Capital
More than just a financial investment, Lafayette Square offers support to its portfolio companies through a managerial assistance program known as Worker Solutions. This program is specifically designed to reduce turnover and operational risks, which can be common in growing businesses.
Confidence in a Woman-Owned Business
Ms. Neary expressed her gratitude for the investment, stating, "This collaboration reflects confidence in a woman-owned business that has thrived outside of traditional finance. Finding financing partners who understand our operational model can be challenging. It's reassuring to work with Lafayette Square, which values our franchise model and recognizes the growing need for accessible wellness services across the nation. We're excited to expand Prime IV to more communities together."
About Lafayette Square
Lafayette Square prides itself on its unique focus: lending to growing middle-market companies, particularly in working-class areas. They emphasize a non-sponsored investment strategy, combined with a technology-first, data-driven approach. With an ambitious goal to support 100,000 jobs by 2030, the firm aims to invest significantly in working-class communities, providing benefits to its portfolio during this endeavor.
About Prime IV Hydration & Wellness
Since its inception, Prime IV has set the standard in wellness, receiving accolades for its comprehensive IV therapy treatments. In 2024, the company ranked #1 in the IV Therapy Category, earning a spot on the Inc. 5000 list as one of the fastest-growing private companies in America. Prime IV’s extensive services include intravenous therapy, micronutrient injections, and rapid weight loss solutions tailored to meet individualized health goals. Their commitment to enhancing immunity and promoting overall health has solidified its place as a trusted leader in the wellness industry.
Frequently Asked Questions
What is Prime IV Hydration & Wellness?
Prime IV Hydration & Wellness is a franchise focusing on IV hydration therapy and related wellness services, founded in 2017.
Who founded Prime IV?
Amy Neary founded Prime IV in 2017. She has driven its growth and success in the wellness industry.
How many locations does Prime IV have?
As of now, Prime IV has 189 active locations across 40 states.
What type of services does Prime IV offer?
Prime IV provides a range of services including IV therapy, bioidentical hormone replacement therapy, and personalized wellness plans.
What is Lafayette Square's investment focus?
Lafayette Square specializes in lending to middle-market companies, particularly in working-class areas, supporting non-sponsored deals, and providing managerial assistance.
