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Dr. G’s Weight Loss & Wellness Grows

As discussed in the next article below, the small medical chains continue to grow. Dr. G’s Weight Loss & Wellness (Dr. Charles Goldsmith, founder), based in Florida, now has 30 locations, 26 in the U.S. (FL – 14 sites, NY, NJ, NC, PA, DE, KY, AZ) and 4 in Central America (Dominican Republic, Honduras, Guatemala, Panama). The company plans to open 10 more clinics by the end of 2014 (AZ, FL, NY, TX).

A May 11, 2014 article says that companies revenues have grown from $5.3 million in 2010, to $6.6 million in 2011, $7.7 million in 2012 and $9.4 million in 2013. It is growing via franchising. The company claims to have sold 196 franchise units since 2010 (incl. those sold but not yet open). The company’s program uses regular food, diet drugs and herbal supplements, and behavior modification tailored to the individual.

The company also offers a physician model for a lower fee, whereby an MD can add this program to an existing practice.

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