Princeton Medspa Partners Acquires Genesis Medspa of Colorado Springs
Princeton Medspa Partners recently acquired Genesis Medspa, a Colorado Springs-based aesthetic medical practice. The business was founded in 2007 by industry expert Dr. Lisa Jenks, M.D., who has long been an influencer in the medical spa industry, was named to the advisory board of Skin Inc. in 2018 and operates DermAesthetic Consulting, a successful consulting business that helps educate and train physicians interested in entering the medical aesthetics industry.
After the closing, Dr. Jenks expressed her excitement about the partnership. “I am very excited to transition my legacy to people that I can trust. The Genesis name means a lot to me, and I wanted to make sure that I partnered with a group that would continue its excellent reputation. I believe I have done just that.”
PMP Senior Vice President of Operations Gary Bufalo, Jr. added to this sentiment, stating, “After meeting the Genesis team and seeing the passion and commitment each member has to a best-in-class client experience, I am confident that they are a perfect fit for the growing PMP family.”
Here’s a look at what this acquisition means for PMP:
Our fifth physician-owned acquisition
Genesis Medspa marks the fifth physician-owned medical spa acquired by PMP, and its seventh total acquisition. Princeton focuses on partnering with highly successful and long-tenured medical spas precisely like Genesis. Upon closing the deal, PMP CEO Nick Williams stated, “Genesis is far and away the highest-rated medical spa in Colorado Springs, and one of the best aesthetic medical practices in the state. The addition of this partnership to our company is another major feather in our hat.”
Tremendous growth in our future
Princeton Medspa Partners has grown dramatically since Williams joined the organization in September of 2022, with him leading the company to more than double in size in both locations and revenue in his first nine months as CEO. “I am extremely proud of the growth of the company, but I am far prouder of the incredible quality of practices that we are attracting. Genesis is a great example of the high-quality assets that make up this organization, and why we are extremely excited about its future,” Williams stated.
The opportunity to attract more top tier practices
As a national aggregator of medspas and aesthetic medical practices, we focus our efforts on acquiring and managing provider-owned and driven businesses, as well as franchise developments. We have significant experience in medspa operations and boast the winner of the Aesthetic Guide’s 2022 Lifetime Achievement Award, Francis Acunzo, as our President. PMP currently owns/manages 10 corporate locations, with a significant number of new acquisition opportunities signed.
If you’re interested in selling your medspa, get in touch with PMP today by emailing email@example.com.