ALISO VIEJO, CA—The severity of the opioid epidemic is causingpeople to seek new, natural, alternative medicine and therapies such asacupuncture to treat their ailments, which iscausing alternative-medicine tenants to increase their presence inCRE, Modern Acupuncture's regional developer forSouthern California Chad Meisinger tellsGlobeSt.com. The firm is the world's first acupuncture franchise tobring the natural health and cosmetic benefits of acupuncturemainstream and affordable, and it will be opening its firstCalifornia location Aliso Viejo in mid-January.
The 1,800-square-foot clinic will be the seventh ModernAcupuncture location in the nation. The company estimates that 150locations will be open and operating by 2020. Since launching theconcept in August 2016, the company has awarded 348 regionaldeveloper and franchise licenses across the U.S.,and the World Health Organization has namedacupuncture as the fastest-growing healthcare segment in theworld.
At least 20 Modern Acupuncture clinics are slated for OrangeCounty, but the regional developers believe there will likely bedouble that amount. Those 20 clinics will create approximately 200jobs across the state at eight to 10 jobs per clinic.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Carrie Rossenfeld
Carrie Rossenfeld is a reporter for the San Diego and Orange County markets on GlobeSt.com and a contributor to Real Estate Forum. She was a trade-magazine and newsletter editor in New York City before moving to Southern California to become a freelance writer and editor for magazines, books and websites. Rossenfeld has written extensively on topics including commercial real estate, running a medical practice, intellectual-property licensing and giftware. She has edited books about profiting from real estate and has ghostwritten a book about starting a home-based business.
