Mesirow, an independent, employee-owned financial services firm, today announced it acted as the exclusive financial advisor to The Skin Center (“the “Company”), a portfolio company of Footbridge Partners and ALZA Capital Partners, on its sale to a leading middle market healthcare private equity fund.
The Skin Center founders Jerry and Dominic Brandy pioneered the med spa industry in 1981 and have built a powerful brand and reputation for clinically driven quality outcomes and patient satisfaction. Today, the Company operates 14 locations across Pennsylvania, Ohio, and Michigan and is a leading medical spa and cosmetic surgery practice that provides a wide range of aesthetic treatments, including neurotoxins, dermal fillers, laser skin resurfacing, laser hair removal and cosmetic surgery procedures.
John Calcagnini, Managing Director at Mesirow Investment Banking, who led the deal team, said, "The Skin Center has established itself as a premier med spa brand by offering an attractive menu of services and hiring and retaining leading providers with a patient first philosophy. The clinical evidence focused care team has been highly innovative in developing patient centric treatments that deliver optimal outcomes. We are pleased to have advised The Skin Center throughout this process and believe that with its recapitalization it is well positioned to accelerate the company's continued growth and success with an abundance of future opportunities for de novo openings, M&A and the potential to expand marketing and sales of medical aesthetics and wellness services. We also see opportunity to expand the medical assistant model and optimize the digital marketing strategy."
"The success of The Skin Center is driven by our talented team of providers and support staff who work every day to deliver high-quality care to our patients. We are proud of all that we have accomplished alongside Footbridge Partners and appreciate their partnership in helping us achieve our strategic objectives. We are excited to begin this next chapter and continue building upon our strong foundation," said Eric Warden, CEO of The Skin Center.
David Rosner, Co-Founder & Managing Partner of Footbridge Partners, said, "The Skin Center's growth and success are a testament to the strength of its management team, providers and employees. We are grateful for the opportunity to have partnered with the company and supported its continued expansion. We also appreciate Mesirow's dedication, sector expertise and commitment throughout the process, which were instrumental in delivering an excellent result."
The sale of The Skin Center marks another successful Healthcare and Med Spa transaction completed by the Mesirow Healthcare Investment Banking Deal Team. See our recent Med Spa Industry Report here.
Honigman LLP served as legal counsel to The Skin Center.
In recent years, the firm has completed more than 350 transactions across its verticals. With deep sector expertise, long-standing client relationships, and a commitment to delivering tailored solutions, Mesirow continues to build a proven track record of highly successful transactions.
Mesirow Financial, Inc., member FINRA, SIPC.