Get To Know Our Industry Experts: Q&A with Nick Williams
Nicholas Williams, Chief Executive Officer of Princeton Medspa Partners, brings a depth of knowledge and experience working in healthcare and medical device industries into his current role. Throughout his career, Nick has developed a proven track record of growing and leading successful companies as chief executive.
We took the time to ask Nick about his career in healthcare, his outlook on Princeton Medspa Partners and his goals for the future of the company:
Q: What drew you to the healthcare field, and specifically, to the medspa industry?
A: I love the dynamics of the private pay healthcare sector. Insurance reimbursement changes and continued network access can impose unforeseen difficulties on small healthcare companies. Medspas are largely insulated from this concern, and therefore control their own business destinies.
Q: What do you believe makes a company successful?
A: A moral leadership structure where all members of the company feel empowered.
Q: What do you think is PMP’s biggest strength?
A: PMP’s biggest strength is its people. We are made up of industry veterans who are household names in the medspa market and that truly understand the business.
Q: Why is now the right time to sell your medspa?
A: Many medspa owners are exhausted from dealing with the challenges of both COVID-19 and the post-COVID world. Crystallizing the value of their clinic in the form of a sale now makes a lot of sense to many medspa owners, as it allows them to take the proceeds of the sale and diversify that value into other investments.
Q: What level of growth do you hope to see for PMP in the next five years?
A: The sky’s the limit with this company — I am confident that we will be north of 100 clinical locations five years from now.