India, March 13 -- XWELL, Inc. (XWEL) Thursday has announced plans to acquire select medical spas by the end of 2025, using a $4 million private placement to expand into the wellness and beauty sector.
This move aligns with the company's goal of broadening access to advanced self-care beyond airports into high-demand metropolitan areas.
CEO Ezra Ernst emphasized that the integration of wellness and beauty is reshaping the industry, positioning XWELL to lead this evolution. By acquiring and enhancing medical spas, the company aims to invest in a growing market while ensuring access to high-quality, science-backed wellness treatments. This expansion is a step toward becoming a leading national brand in holistic self-care.
Initial acquisiti...