Restore Hyper Wellness Reports H1 2022 Revenue of $60 Million

Restore Hyper Wellness, Austin, Texas, reported revenue of $60 million in the first six months of 2022, an increase of 84 percent year-over-year.

Same-store sales for the provider of proactive wellness services grew 28 percent year-over-year, a reflection of Restore’s growing momentum with consumers that want to take a proactive approach to their wellness, the company said.

Restore expanded its retail footprint, opening 32 new studios in the first half of 2022. Restore now has more than 150 U.S. locations and more than 600 locations under development in the country. It sold 84 franchise territories in the first half of 2022.

“We set ambitious goals for 2022, and I’m thrilled with the progress we’ve made the first half of the year towards our mission of making Hyper Wellness accessible and affordable for everyone,” said Jim Donnelly, Restore’s CEO and co-founder. “Providing our innovative wellness experience in more than 150 locations to date proves that proactive wellness is a growing focus for people of all walks of life. Our team is proud to have achieved a strong national footprint and a foothold to continue to grow and help more people feel their best and do more of what they love.” 

The company delivers what it calls Hyper Wellness, which is grounded in 9 Elements that should be incorporated into daily life inside and outside of Restore’s four walls: oxygen, hydration, nourishment, cold, heat, light, movement, rest and connection.

Restore offers 12 modalities under one roof—each modality supporting one or more of these 9 Elements.

Cryotherapy and IV Drip Therapy are the two most popular services offered at Restore, the company said. NAD+ IV Drips and Mild Hyperbaric Oxygen Therapy are growing in awareness and popularity, as more clients feel the results and share their experience. Restore has delivered more than one million whole body cryotherapy sessions, over 900,000 wellness IV drips and over 140,000 mild hyperbaric oxygen therapy sessions since its founding in 2015.

“Our direct-to-consumer, membership-based wellness model allows Restore to offer a better health care experience and develop a closer relationship with its members,” said Steve Welch, Co-Founder and Executive Chairman. “Members visit Restore four times per month on average, whereas half the U.S. population visits their doctor once a year or less. Our deep relationship with clients allows Restore to partner with them more closely to achieve their wellness goals.”

Medical Advisory Board

Restore also launched its Medical Advisory Board, which provides medical oversight and direction of current and future modalities offered at Restore. The board works with Restore’s medical leadership team, seven medical directors, over 30 nurse practitioners and over 750 registered nurses providing medical services in Restore’s wellness studios. The new board members are:

Jonathan Hemmert, MD, serves as Restore’s head medical director. Hemmert is board certified in emergency medicine by the American Board of Emergency Medicine. He is a World Health Ambassador working in St. Vincent and the Grenadines as an international physician volunteer. Hemmert received his doctor of medicine degree from University of Chicago Pritzker School of Medicine and completed his residency in emergency medicine at Indiana University School of Medicine.

Alexandra Siojo, MSN, FNP-C, serves as Restore’s chief nursing officer. Siojo is a nurse practitioner in the areas of trauma, neurosurgery, emergency medicine and family-centric general health care. As a family nurse practitioner, Siojo performed preventative, diagnostic and treatment procedures for a variety of acute and chronic diseases, conditions, and injuries. She earned her bachelor of science in registered nursing and her master’s of science in nursing from University of Mary Hardin-Baylor.  

Richard Joseph, MD, is the founder of VIM Medicine, a clinical model that integrates preventive medical care with health and fitness services, a practicing clinician in the Center for Weight Management and Wellness at Brigham and Women’s Hospital in Boston, and a faculty member at Harvard Medical School. He completed his residency in primary care/internal medicine at Brigham and Women's Hospital after receiving his medical and business degrees from Stanford University. Joseph is a longtime personal trainer and fitness expert, currently conducts group-based lifestyle programs, and is a coauthor of The Lifestyle Medicine Handbook: An Introduction to the Power of Healthy Habits.

John Day, MD, is a cardiologist specializing in the treatment of atrial fibrillation and other abnormal heart rhythm conditions at St. Mark’s Hospital in Salt Lake City, Utah. Day is the author of over 100 clinical studies that have been published in scientific and medical journals. He is the author of two Amazon best-selling books, The Longevity Plan and The AFib Cure. He also is the founding editor-in-chief of the Innovations in Cardiac Rhythm Management medical journal. He previously served as the president of the Heart Rhythm Society. Day received his medical degree from John Hopkins and completed his residency and fellowships in cardiovascular medicine and cardiac electrophysiology at Stanford University. Day is board certified in cardiology and cardiac electrophysiology.

Peter Weiss, MD, is anOB/GYN in Beverly Hills, California. He co-founded the Rodeo Drive Women’s Health Center in 2004, where he has served as the medical director. Weiss helps women of all ages in Southern California with his expertise in advanced therapies for menopausal health, such as Mona Lisa Touch Laser. Weiss has advised legislators on both sides of the aisle on how to advance women’s health care issues. He was a national health care advisor for Sen. John McCain’s (R) 2008 presidential campaign. Weiss graduated with honors in gynecology from the University of Michigan School of Medicine. He has been an assistant clinical professor of obstetrics and gynecology at the UCLA Geffen School of Medicine for 30 years.