it could certainly be viewed as a magnetic treatment, but therapeutic value could be argued.

One client with degenerated spine in neck reported a remission of pain for two weeks each time he received a cervical MEI.
People with MS have given reports of the same effect.
It is my belief that the increased speed of the electrons in the water of the body generated by the magnet, makes the water more bio active and improves function for a period of time.

Hans Albert Quistorff, LMP
Antalgic Posture Pain Specialist
http://magnet-therapy-how-why.com