Potomac Equity Partners Acquires Laser MD Medspa and SculptMe to Enter the Medical Spa Industry

On July 31, 2019, VCBeat (WeChat ID: vcbeat) learned that Potomac Equity Partners LLC, an investment firm based in Washington, D.C., announced today the acquisition of Laser MD Medspa, a medical spa service provider, and SculptMe, a non-invasive fat reduction treatment service company. Financial terms were not disclosed.

Laser MD Medspa and SculptMe offer comprehensive medical spa services at five locations in the Greater Boston area. Services include body contouring solutions (such as CoolSculpting®), laser hair removal, Botox® and other injectables, medical-grade facials, B-12 injections, and other wellness products and services.

John Bates, Founder and Partner at Potomac Equity Partners, stated, “There is growing market demand for minimally invasive cosmetic procedures performed in a relaxed spa-like environment, and Laser MD Medspa and SculptMe are well-positioned to capitalize on this opportunity. Potomac Equity is honored to partner with Laser MD Medspa and SculptMe; we will help the company realize its full potential by providing capital to leverage its established brand and numerous organic and add-on acquisition opportunities.”

“We are truly delighted to partner with Potomac Equity,” said Manuk Degirmencian, founder of Laser MD Medspa. “Building on Potomac Equity’s strong growth over the years, its expertise and track record in investing in high-growth companies, as well as its ability to support various growth opportunities, will be invaluable.”

Potomac Equity Partners aims to carve out a niche in the burgeoning medical spa industry through a more focused and aggressive expansion strategy, encompassing new site openings and add-on acquisitions.

Potomac Equity Partners is a private equity investment firm based in Washington, D.C., dedicated to delivering superior equity returns through close collaboration with the management teams of its portfolio companies. The firm focuses on investing in companies with leading products and services and exceptional management teams, where its capital and strategic efforts can drive exponential growth in overall performance. The principals of Potomac Equity Partners have a long and successful track record of investing in management teams across a broad range of industries, including healthcare, software and technology, education and training, and information services.

Founded in 2012 and headquartered in Braintree, Massachusetts, Laser MD Medspa is a medical spa provider with four locations across the Greater Boston area. Its core services include laser hair removal, body contouring, Botox® and other injectable treatments, as well as various skin care and aesthetic procedures.

SculptMe, founded in 2017 and headquartered in Boston, Massachusetts, USA, is a non-invasive fat reduction treatment (CoolSculpting®) Service Provider.

(Compiled by Tian Shuhang)