Private Equity Raises Bets on Botox-dealing Medical Spas
Private equity interest in the delivery of Botox injections, laser hair removal and specialized facials across the U.S. is growing rapidly as the medical spa industry matures and investors recognize those services have become habits for many consumers.
Most P.E. firms in the space are rolling up existing clinics under one management company, the classic buy-and-build strategy that P.E. firms use to create efficiencies of scale. Deals that provide capital to support roll-ups that are already in progress have been especially en vogue.