Siena Lending Group closed a three-year $9 million revolving credit facility for the subsidiaries of Interactive Health, Human Touch and Relax the Back.
The asset-based credit facility was used to refinance existing debt and provide additional working capital to support business growth.
Interactive Health, through its wholly-owned subsidiaries Human Touch and Relax the Back, offers products to consumers that help them alleviate pain and reduce stress. Now in its 40th year, Human Touch serves as the country’s leading provider and innovator of high-performance massage chairs, PerfectChair recliners and other wellness solutions. Committed to creating the most immersive and personalized independent wellness experiences, Human Touch introduces patented massage systems that replicate “touch” and techniques used by leading massage professionals.
Relax the Back,with 95 franchised and company-owned stores, is the nation’s largest specialty retailer of products that relieve and prevent back and neck pain. Along with selling Human Touch recliners and support chairs, Relax the Back stores sell other top product lines and brands, including Tempur-Pedic, Alex Orthopedic and Bauerfeind USA.
“We are excited to have completed this financing for Interactive Health to help them reach new levels of success. Siena is proud to partner with Human Touch and Relax the Back so they can expand on the exceptional products and services they provide. I appreciate the hard work put in by our group at Siena and Interactive Health’s management team to establish a mutually beneficial financial relationship where others couldn’t deliver,” said Mark Orlando, director and western region manager of Siena.
