Regenerative medicine industry leader QC Kinetix responds to fast growth with new C-suite
CHARLOTTE, NC / ACCESSWIRE / May 16, 2022 / QC Kinetix, a fast-growing regenerative medicine franchise that is ranked No. 62 on the Inc. 5000 list and offers a cutting-edge, non-surgical alternative to joint and pain relief, today announced the addition of three new executives and the promotion of Scott Hoots to Chief Executive Officer.
Hoots, a 40-year franchise industry veteran, was brought on board as Chief Operating Officer in 2020 to help build the QC Kinetix franchise from scratch. Started as a private regenerative medicine clinic in 2017 and led by founders Justin Crowell, Tyler Vail, and Dr. Richard Schaffer, the chain of concierge-style medical clinics uses orthobiologics to help the body repair or heal damaged tissues and joints without the need for surgery or addictive pain pills.
During Hoots' tenure as COO, the company signed 60 franchise owners, opened 96 clinics, sold 126 markets, and entered into development agreements with 488 franchise units to be built over the next 10 years. As CEO, Hoots' next major growth target is global expansion.
"For me, this is the ultimate opportunity to capitalize on my depth of experience in the franchise sector and build a business that is growing at a historical pace. It is the perfect fit for what I want out of my career, which is to be a leader of a mission-based franchise model," said Hoots. "Our treatments are positively impacting people's lives, and I feel a real calling to continue growing this business."
Founder and former CEO Crowell says the transfer of leadership to Hoots was always part of the plan, although leadership changes came quicker than expected due to the rapid growth of the franchise.
"We (the founders) knew Scott was going to be the right man to lead the franchise when the time came, and the time is now," said Crowell, who is continuing with QC Kinetix as a board member. "He is taking our vision and building a family of QC Kinetix franchisees that are making life-changing treatments available to people all over the country, and soon, all over the world. We are thrilled he is taking over as CEO; we know the company is in good hands and has a bright future."
All three founders are stepping away from the day-to-day running of the franchise but continuing to serve on the board of directors as well as focusing on other related business ventures. Dr. Schaffer retains the important role of leading the medical advisory committee, which will focus on training, research, and development of new treatments.
Meet QC Kinetix' new leaders
Scott Hoots, Chief Executive Officer. Over the course of 26 years Hoots worked his way up from a Domino's pizza delivery driver to Regional Vice President of the chain, overseeing 1,500 franchise stores. Hoots was also the VP of Franchising for American Family Care and most recently served as President of Pet Wants, a boutique pet food franchise system based in Cincinnati, before coming to QC Kinetix. Hoots will lead the national and global franchise expansion of the brand and focus on developing a team of leaders who share his passion for helping people and for guiding franchise owners toward success.
Alex Zai, Chief Operating Officer. Zai is a 34-year veteran of the franchise industry and was a successful franchisee with Pak Mail Centers of America before moving over to the corporate side of the business, where he started as Director of Operations and ended his 26-year stint at Pak Mail Centers as CEO. With his natural ability to build systems and lead operations, Zai also served as VP of Operations for Fast Track Kids and Synergy Homecare. Zai's operational experience includes building brands internationally, which he will also help do for QC Kinetix. His main focus as COO will be establishing relationships with franchisees and developing operational systems that will maintain brand consistency for QC Kinetix' rapidly growing footprint.
Marc Weiss, Chief Financial Officer. Weiss brings over 15 years' experience in the finance industry to his role as Chief Financial Officer, including serving as founder and CEO of a full-service accounting firm. Weiss is adept at identifying process gaps, developing resolutions for improvement, and initiating critical projects to optimize processes. His talent for developing strategic solutions that incorporate progressive methodologies and technology will ensure sure the brand grows efficiently and in a financially sound manner in the U.S. and abroad.
Todd Maddocks, General Counsel. Maddocks joins the QC Kinetix team with more than 34 years of legal experience in franchise law, developing and implementing innovative and effective legal solutions for franchise and retail companies that operate in the U.S. and overseas. He is no stranger to rapid franchise growth having been the outside General Counsel to the Sport Clips chain, for its first decade. Maddocks thrives on helping create new franchise systems and has served as General Counsel for numerous franchise corporations as well as advising dozens of other start-up franchise and retail companies. He is also extensively published in industry publications like Franchise Times and Entrepreneur on franchise business issues. With his experience in building global franchise systems, Maddocks will be invaluable in overseeing all legal affairs for QC Kinetix, including franchising, regulatory compliance, intellectual property, corporate governance, master licensing, and more.
The development of the executive leadership team marks not just the rapid growth of QC Kinetix, but its commitment to offering franchisees a business opportunity built for success and offering patients a brand that is committed to delivering excellent care with state-of-the-art treatments that improve the quality of people's lives.
The regenerative medicine industry is experiencing explosive growth globally. It is currently a $48.7 billion industry and is estimated to continue growing at a compound annual rate of 25% or more through 2025, according to Zion Market Research.
For more information about QC Kinetix franchise opportunities, please visit https://qcfranchise.com/.
About QC Kinetix
QC Kinetix is a Charlotte, North Carolina-based franchise company leading the way in helping people maintain an active lifestyle using comprehensive regenerative medicine treatments to address musculoskeletal conditions and joint pain. QC Kinetix uses the body's own healing properties through state-of-the-art natural biologic treatments as alternatives to invasive surgery and addictive pain medications. The healthcare franchise currently operates in more than 76 cities, with rapid growth underway throughout the U.S. QC Kinetix clinics are dedicated to maximizing the body's ability to help heal and repair itself from the inside out for vastly improved function and overall quality of life. For more information, visit www.qckinetix.com.
SOURCE: QC Kinetix