SOLD: World-Renown Plastic Surgery Practice
About The Opportunity
- Established in San Diego since 1976, this highly successful practice is one of the most respected plastic surgery centers in San Diego.
- Focusing primarily on cosmetic procedures or aesthetic surgeries with robust, loyal and affluent clientele accustomed to paying higher rates.
- High client return rate, consistent referrals and an excellent reputation, which even extends internationally.
- Tenured and high-caliber staff operating out of modern facility inclusive of two fully-equipped operating rooms.
- Seller wanted to retire.
Other Important Information
Noteworthy Transaction Points
- Transaction took over a year to sell due to the Seller having to shut down his practice for Covid. Ultimately closed in August 2020 (still amidst the pandemic).
- Acquired by a larger medical practice who was looking to expand and grow their client reach.
- Buyer expects to grow the new entity and sell it for a higher multiple.
- Seller received an excellent employee package post-close along with equity in the new entity.
Volume of Buyer Interest
- ECG utilized the Exio platform for marketing with a video CIM.
- Business was marketed to over 2,500 potential buyers.
- ECG corresponded with 41 buyers, of which 34 signed an NDA.
- Received three LOIs and ultimately settled on the best acquisition match for the Seller.
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