Prime Plastic Surgery today announced the acquisition of a portfolio of medical spas located in La Mesa, Carmel Valley and Del Mar in San Diego County. The acquisitions are the latest in a series of growth initiatives to solidify Prime as a full-service cosmetic and plastic surgery practice with premier medical spas and plastic surgery procedures. Dr. James Chao, MD FACS is also appointed Chief Medical Officer of Prime Plastic Surgery & Medical Spas. Dr. Chao is one of top Plastic Surgeon’s in the US and specializes in cosmetic and reconstructive surgery, reconstructive breast surgery and body contour surgery. He is a member of the American Society of Plastic Surgeons and the American Society of Reconstructive Microsurgery.
Facial Plastic Surgeon Dr. Stephen Prendiville and his staff have joined Quigley Eye Specialists as part of the new cosmetic surgery division. Dr. Prendiville will be the medical director of the new division that also includes the Assuage Luxury Spa in Fort Myers and Naples that was founded in 2013 by Tehjan Prendiville. “Dr. Prendiville has an excellent reputation and is the only double board-certified facial plastic surgeon in Fort Myers. We are expanding our service offering to include refractive surgery, such as LASIK, and facial cosmetic surgery. Dr. Prendiville’s experience, surgical skills and leadership make his practice the perfect fit for Quigley Eye Specialists,” said Dr. Thomas Quigley, founder of Quigley Eye Specialists. The office of Dr. Stephen Prendiville joins five other Lee County practices under Quigley Eye Specialists ownership as well as four offices in Collier and Charlotte counties.
Restore SD Plastic Surgery La Jolla, CA has announced the acquisition of the practice by partner, Doctor Katerina Gallus. She co-founded the medical practice along with Dr. Trent Douglas back in 2017. Dr. Douglas has relocated to Northern California for a work opportunity. This milestone is a major achievement for Restore SD Plastic Surgery as it has become the only female veteran-owned plastic surgery practice in San Diego, California that also has a full female staff.
James Chao MD, one of the nation’s most recognized board-certified plastic surgeons, and Pousti Plastic Surgery, a board-certified plastic surgery practice with an expansive footprint throughout San Diego under the direction of Tom Pousti MD, FACS have entered into a definitive merger agreement to offer world-class treatments and body enhancement procedures under a single, unified brand. This merger will expand the footprint for these prestigious plastic surgeons throughout multiple locations in San Diego, Encinitas, Temecula and La Mesa, so that patients have access to their combined plastic surgery expertise as well as the high-touch luxury services that celebrities and others have come to enjoy at the medical spa of Image Spa MD. The newly-formed organization will be known as Prime Plastic Surgery, with plans to offer additional services, procedures and locations in the coming months.
MEDNAX, Inc. (NYSE: MD), today announced its affiliation with Eric Stelnicki, M.D., P.A., a private pediatric plastic surgery practice based in Fort Lauderdale, Fla. Dr. Stelnicki has been in practice for more than 18 years. Founded in 2001, the group specializes in pediatric plastic surgery; craniofacial surgery; maxillofacial surgery; ear reconstruction; cleft lip and cleft palate; treatment of vascular lesions (hemangiomas), burns, scars, pediatric wounds and skin lesions; and pediatric hand surgery. Dr. Stelnicki serves patients through offices in Broward and Palm Beach counties and the Virgin Islands as well as 13 regional hospitals and five outpatient centers. The practice holds teaching relationships with Cleveland Clinic Florida, Barry University and Nova University.
Potomac Equity Partners, LLC, a Washington, D.C.-based investment firm, announced Monday the acquisitions of Laser MD Medspa, a premier medical spa services company, and SculptMe, a leading provider of the non-invasive fat reduction treatment CoolSculpting¨. Laser MD Medspa and SculptMe (together, the “company”) offer a comprehensive suite of medical spa services across five locations within the greater Boston metropolitan region. Services include body contouring solutions (such as CoolSculpting¨), laser hair removal services, Botox¨ and other injectables, medical grade facials, B-12 injections, and other wellness products and services. “Laser MD Medspa and SculptMe are well-positioned to continue to benefit from growing market demand for minimally-invasive cosmetic procedures performed in a relaxing spa-like environment,” said John Bates, Founder and Partner of Potomac Equity Partners. “Potomac Equity is honored to be partnered with Laser MD Medspa and SculptMe, and looks forward to working with the company going forward to help it realize its full potential and capitalize on its existing brands and the numerous organic and add-on acquisition opportunities available to the company.”
Water’s Edge Dermatology (“Water’s Edge”), a leading provider of comprehensive dermatology services through 37 Florida locations, announced today that it has acquired a controlling interest in Aqua Plastic Surgery (“Aqua”), a prominent plastic surgery practice headquartered in Jupiter, Florida. Terms of the transaction were not disclosed. Gryphon Healthcare Operating Partner Kevin Blank said, “We are pleased to welcome a top team and add an exciting new practice area to the Water’s Edge family. Aqua’s reputation for skilled cosmetic plastic surgery will be highly complementary to our existing reconstructive surgery capability and also moves us further into the key Miami-Dade and Broward County markets, a target growth area for Water’s Edge.” Led by Dr. David Rankin, a renowned plastic surgeon with a leading national reputation, Aqua offers surgical and non-surgical plastic surgery treatments. With three locations and a staff of more than 20 in Jupiter, Fort Lauderdale, and Miami, Aqua will continue to operate under its existing name. Within the last two months, Water’s Edge also acquired Coast Dermatology and PBC Dermatology. San Francisco-based middle-market private equity firm Gryphon Investors acquired Water’s Edge in June 2018.
New data released by the American Society of Plastic Surgeons (ASPS) shows there were nearly a quarter million more cosmetic procedures performed in 2018 than the previous year. According to the ASPS annual plastic surgery statistics report, there were more than 17.7 million surgical and minimally-invasive cosmetic procedures performed in the United States in 2018, a number that has risen steadily over the past five years. The statistics also reveal a rise in new trends in body-shaping procedures, with a spike in non-invasive fat reduction, as well as surgeries such as breast augmentations and liposuction.
American Vision Partners, one of the largest and fastest growing eye care practice management organizations in the nation, announced a new addition to their growing list of ophthalmology brands: Visage Aesthetics & Plastic Surgery. Visage is the first-ever stand-alone oculofacial center created within a multi-specialty ophthalmology practice. Visage Aesthetics & Plastic Surgery, a Barnet Dulaney Perkins Eye Center company, is the premiere oculofacial center in Arizona, which will offer services such as upper and lower eyelid surgery, brow, face and neck lifts, Botox, laser skin rejuvenation, facials and chemical peels.
Vesey Street Capital Partners, LLC (“VSCP”), a New York-based healthcare services private equity firm, announced that funds managed by VSCP have completed a recapitalization of Elite Body Sculpture (“EBS” or the “Company”), a founder-led, innovative physician services business that is a leading provider of minimally invasive body sculpting procedures. Founded in 2012, EBS utilizes its patented, exclusive AirSculpt’ technology to provide the highest quality fat removal and transfer services. Terms of the transaction were not disclosed.
What We Do
Who We Are
How We Work
Who We Help
Get In Touch
Connect With Us
Subscribe to Our Daily Note
We publish a Daily Note that aggregates M&A activity, notable developments, regulatory changes, and conferences we deem to be of interest to our partners. It is a quick afternoon read and an easy way to keep your finger on the pulse of the healthcare space. Please fill in your name and email address below if you wish to subscribe.