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Provident Healthcare Partners Provident Healthcare Partners

Q3 2024 Wellness & Aesthetic Medicine Update

Provident Healthcare Partners
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Q3 2024 Wellness & Aesthetic Medicine Update

The wellness and aesthetic medicine sector maintained strong momentum in Q3 2024 with the announcement of ten closed transactions. The quarter was active for strategic and financial buyers alike as several private equity-backed platforms and strategic consolidators completed more than one add-on within the three-month span. In addition, three new PE-backed platforms formed, signaling broadening competition in the space. Most notably, VIO Med Spa, a franchisor with 47 med spa locations nationwide, received a majority investment from private equity firm, Freeman Spogli.

Looking ahead to Q4 2024 and beyond, Provident anticipates continued robust activity in the sector. Investors recently have been been drawn to the integration of wellness services within traditional aesthetic offerings. The concept of “aesthetic health” – combining cosmetic procedures with overall health and wellness approaches – is likely to shape future deal-making in the space. Additionally, competition between new and existing platforms will lead to an uptick in add-on activity and is anticipated to drive premium valuations for well-run businesses.

To print and download the full Wellness & Aesthetic Medicine Update report, please click below…

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