SOLD: World-Renown Plastic Surgery Practice

  • Sold

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 inĀ  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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