WELLSPACE Reports Explosive Demand for Integrative Medicine

WELLSPACE, the leading provider of integrative medicine in the United States, grew by more than 300% in 2006. 'The demand is clearly outstripping the supply for healthcare that combines the best of Eastern and Western medicine. We have gone from one Integrative Medicine center to four in 2006 alone,' said WELLSPACE CEO and Co-founder Paul Clemente. Huge trends promise continued growth, with the $500 billion market for health and wellness expected to easily surpass the $1 trillion mark by 2020.
Redefining Service in healthcare

WELLSPACE improves the typical office visit by making each appointment a welcoming and calming experience. Further, by blurring the distinction between medicine, spa, hospitality and lifestyle center and combining the best of conventional Western medicine with complementary therapies, including massage, chiropractic, acupuncture, yoga, nutrition, lifestyle counseling and spa services, the company is creating a new model and a new vocabulary for healthcare service.

Highlighting their leadership position, Clemente and President Daniel Braz (Co-founder) recently spoke at Harvard Business School for the second year in a row on 'Innovation in Healthcare Service Delivery', invited by Dr. Regina Herzlinger - dubbed by Money magazine as the 'Godmother' of consumer-driven healthcare. Dr. Herzlinger has written numerous books and articles and is a leading thinker on healthcare policy reform, currently advising the White House and the U.S. Senate.

Clemente and Braz are doing for healthcare what the Four Seasons did for hospitality and what Whole Foods did for the supermarket experience. 'Why should healthcare be any different? We combine the best of Eastern and Western medicine with exceptional customer service in a beautiful setting, a comprehensive menu of services, convenient locations, and a holistic approach. This new approach has the nation's most prestigious physicians and practitioners waiting in line to get involved,' says Braz.

To create a physical space befitting the WELLSPACE experience, the Company has teamed with leading architects CBT - whose projects include the Four Seasons Spa, the new Mandarin Oriental in Boston, and the MFA expansion with Lord Norman Foster - and Shawmut Design & Construction, who have built Apple and Louis Vuitton stores nationwide.


After meeting at Columbia Business School in 1995, the Company's founders, Daniel Braz and Paul Clemente, initially pursued professions on Wall Street and in luxury goods retail, finding little fulfillment in those career choices. After the 9/11 attacks, each made a conscious choice to alter his career, and life path. After four years of preparation and planning, Clemente and Braz acquired WELLSPACE in November 2004. That groundwork included Mr. Clemente's training at Harvard Medical School and the Harvard School of Public Health, while Mr. Braz gained experience at Phoenix House (NY) and Continuum Health Partners, a $2 billion New York hospital system that manages one of the largest integrative health centers in the nation, the Continuum Center for Health and Healing.

Established in 1997, WELLSPACE is a leading provider of integrative health and wellness services, combining the best of Eastern and Western medicine in one location, within a spa-like environment and with a five star level of customer service. WELLSPACE is recognized as a pioneer in delivering a full range of complementary and alternative medicine ('CAM') services in the U.S., including participation in the White House Commission on Complementary and Alternative Medicine in 2000 and 2002.