Serotonin Anti-Aging Centers Expands in Texas

- The new locations will be operated by franchisees Dr. Mo Al-Obaidi and his wife, Dr. Shaam Mahasneh, through their entity, AgeWell Longevity, LLC. As physicians, they aim to address the root causes of aging and health decline, aligning with Serotonin's data-guided and medically driven model. - This five-location deal marks the second franchise group for Serotonin Centers in the Dallas-Fort Worth area, building on an existing location in Mansfield, TX. The Mansfield center is owned by Dr. Shane Seroyer, an orthopedic surgeon and an assistant team physician for the Texas Rangers, and Dr. Jesse Even. - Serotonin Anti-Aging Centers was founded by Eric Casaburi, who previously founded and grew the Retro Fitness gym franchise to over 150 locations. Casaburi was inspired to start the company in 2021 following his wife's experience with hormone replacement therapy. - The company operates on a concierge-style, no-insurance-needed medical model, providing members with personalized health plans from licensed medical providers and health coaches. To become a franchisee, the company requires a net worth of $1.3 million and a liquid capital of $300,000. - Services offered are grouped into four main categories: hormone restoration, aesthetic enhancement, weight control, and immunity and recovery. Specific treatments include hormone replacement therapy, medical weight loss, IV therapy, body contouring, Botox, and hyperbaric oxygen therapy. - The expansion taps into a rapidly growing anti-aging market, which was valued at over $67.2 billion in 2022 and is projected to reach $98.6 billion by 2028. The global anti-aging market is forecasted to grow to $143.2 billion by 2033. - The franchise has nearly 100 units open or in development and has secured pre-negotiated partnerships with industry-leading brands such as Allergan (Botox®) and Hydrafacial®.