Varsity Forms United Aesthetics Alliance To Consolidate Cosmetic Surgery, Medical Spa Category and Completes Initial Platform Investment in Edina Plastic Surgery
Varsity Healthcare Partners (“VHP,” “Varsity” or “the Firm”), a lower middle market healthcare services private equity investment firm, today announced the formation of a new investment platform, United Aesthetics Alliance (“UAA”, or “the Company”), a holding company created to consolidate market-leading, clinically differentiated cosmetic surgery practices and affiliated medical spa service providers.
- Varsity Healthcare Partners (“VHP,” “Varsity” or “the Firm”), a lower middle market healthcare services private equity investment firm, today announced the formation of a new investment platform, United Aesthetics Alliance (“UAA”, or “the Company”), a holding company created to consolidate market-leading, clinically differentiated cosmetic surgery practices and affiliated medical spa service providers.
- Simultaneous with the creation of UAA, Varsity announced that the Company had completed its initial platform investment, a recapitalization and growth capital partnership with Edina Plastic Surgery, Edina Surgery Center, and Skin Artisans (collectively, “EPS” or “the Practice”), a leading provider of cosmetic surgery and medical spa services in the Minneapolis/St.
- “In Varsity, we have found a partner who fully supports our vision to build a premier platform.
- Madeira Partners acted as the exclusive investment banking advisor to Edina Plastic Surgery and Skin Artisans in the transaction with Taft Stettinius & Hollister providing legal counsel.