The U.S. medical spa industry is booming, cashing in on a seemingly recession-proof demand for non-invasive aesthetic treatments, from Botox and laser skincare to weight-loss management and body contouring. Between 2010 and 2023, the sector grew from about 1,600 locations to more than 10,000, with annual average revenue per spa increasing more than twofold. Yet even amid this impressive expansion, the industry remains highly fragmented: 81% of med spas operate as single-location practices and only 3% are owned by private equity firms or PE-backed organizations. That’s changing—fast—as PE firms are increasingly drawn to med spas’ cash-pay models, organic growth opportunities, and geographically agnostic makeup.
Read the full article: Private Equity Is Giving Med Spas a Face Lift. But More Scale Brings New Risks. //
Source: https://www.healthcarebusinesstoday.com/private-equity-med-spas-growth-risks/