Bloomberg News article The energy company Duke Energy Corp. has sold energy healing firm Integrative Therapies, Inc., to a Texas-based private equity firm.
Integrative is part of Duke Energy’s portfolio of wellness and health-care companies.
Integral’s clients include energy companies such as Southern California Edison, Southern California Gas Co., San Diego Gas & Electric Co., and San Antonio Electric Co. and energy companies in the energy efficiency sector such as Enron Corp., Chevron Corp., and ConocoPhillips.
Integratic, which is based in Dallas, is one of the largest providers of energy healing services in the U.S., according to the company.
Integrating specializes in energy restoration, energy wellness, and energy therapy for people with energy-related health problems.
Integrators also offer energy-management solutions, such as the use of home energy meters.
Integrations’ website states that it is focused on offering energy-based healing and energy recovery services for energy-intensive industries, such that “energy-efficient solutions can improve the health and wellness of those in the community who are affected by energy-driven stress and stress-related conditions.”
Integratics clients include companies such and electric utility Duke Energy and Southern California Electric Co.; energy company Exelon Corp.; and natural gas utility Gas Corporation of America.
Integrals revenue, excluding sales taxes and other income, for the nine-month period ending Sept. 30 was $1.7 billion.
Duke Energy said the sale includes the assets of Integrative’s subsidiaries, including Integrado Therapics, LLC, Integrato Energy, Inc. and Integrative Solutions, Inc.; and the assets and liabilities of Integración de Energy y Tecnológico de la Mujer y Puebla.
Integrate’s services include energy healing and/or energy restoration.
Integra-Health, Integra Health, Integral Solutions, and Integral Therapys were incorporated in March 2014.
Duke said the companies have more than 100,000 customers and are accredited by the Accreditation Council for Energy and Environmental Medicine.
Integras shares are up more than 70% since it announced the sale in September 2015.
The company’s stock is up more in recent months because of a surge in demand for energy healing, which has spurred investment from energy firms and investors.
Duke also owns Integra Therapic Inc., IntegratiN Health Inc., and IntegratiN Health.