Princeton Medspa Partners

Community of the top medical spas in the nation

Archives for February 2023

Princeton Medspa Partners Acquires Its Sixth Location with Skintastic!

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Princeton Medspa Partners Acquires Its Sixth Location with Skintastic!

We’re excited to announce that Princeton Medspa Partners (PMP) has closed on the acquisition of Skintastic Medspa located in Spring Hill, Florida. This acquisition brings our portfolio of best-in-class medical spas to six locations!

In addition, PMP has five acquisitions under letter of intent, three franchises open, 27 committed and two franchises opening in early April.

About Skintastic

Skintastic is a state-of-the-art med spa facility in the northern Tampa metropolitan area. Founded in 2011 by Janie Rushnell, board-certified medical electrologist, certified laser specialist and member of The Society for Clinical and Medical Hair Removal, Inc, Skintastic provides the latest and greatest in rejuvenation technology. Skintastic offers the most extensive service menu, complete with facials, massages, injectables, skin rejuvenation, lasers, bioTE hormone replacement therapy, IV therapy, fat reduction and more. Since its opening, Skintastic has been voted Hernando County’s Best Med Spa for five years in a row.

We were so appreciative to hear from Janie regarding her thoughts about selling her beloved practice to PMP. “It brings me great joy and peace of mind to entrust the leading medical spa platform in the nation with Skintastic’s continued success. It will be exciting to see how Princeton Medspa Partners can help our team grow and our patients thrive,” said Janie. “I’m pleasantly surprised with the support and positivity we’ve already received and look forward to many successful years ahead.”

Response from PMP

“Princeton Medspa Partners is proud to add Skintastic to our portfolio of premier medical spas in the country,” said Nick Williams, Princeton Medspa Partners CEO. “By adding Skintastic to our current portfolio of practices, including AlluraDerm MD Med Spa in Albuquerque, New Mexico, Greenspring Medical Aesthetics in Tucson, Arizona and Skin Care Institute in Tulsa, Oklahoma, we strongly feel that we have developed the foundation of a differentiated platform of clinics that will be very attractive for others to join.”

Princeton Medspa Partners President Francis Acunzo also expressed his excitement about the opportunities that lie ahead, saying, “We are excited to build upon what makes Skintastic successful, ensuring the facility stays at the forefront of the industry. We look forward to continuing Skintastic’s growth and maintaining their status as the most trusted med spa in the region.”

At PMP, we’re proud to be a national aggregator of medspas and aesthetic medical practices, focusing our efforts on acquiring and managing provider-owned and driven businesses. To learn more about your medspa opportunities with us, email info@princetonmedspapartners.com today.

Your Roadmap to Success with Princeton Medspa Partners

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Your Roadmap to Success with Princeton Medspa Partners

Once you’ve decided to sell your medical aesthetic practice to Princeton Medspa Partners, there are several key steps to take before the partnership can officially begin. It is one of our main priorities to make this process as seamless and transparent as possible. Here’s a look at our proven roadmap to success for everyone involved:

1. NDA

We will begin with a legally binding contract that establishes our confidential relationship. Our team and yours will sign a mutual Non-Disclosure Agreement (NDA) to protect us both from disclosing sensitive information, including financials.

2. Financials

To determine the valuation of your medspa, we will work with you to clearly understand your financial performance.

3. Q&A

Throughout this process, we will ask you questions and help you normalize your earnings. This means taking out the expenses that will stop once your practice is purchased, which should give you a larger valuation!

4. Medspa Visit

At this point in the process, our team is ready to visit your practice for a first-hand look.

5. Letter of Intent (LOI)

We’ll then make you an offer with a letter of intent (LOI) outlining the price and terms. This letter is non-binding until the final purchase documents are executed.

6. Due Diligence

Once you have signed a LOI, we will enter a process of due diligence, fully analyzing your business from a financial, operational and legal vantage point. During this process, a third-party firm will perform a Quality of Earnings (QOE) to verify the financials.

7. Legals

Once due diligence is completed, you and your lawyer will review the final legal documents.

8. Closing

Once all legal documents are signed and funds have exchanged hands, the transaction is closed, and the partnership begins!

We are eager to get this process started! To learn more about joining our community of the top medical spas in the nation, email us at info@princetonmedspapartners.com today.