VSS Capital Partners Portfolio Company Olympus Cosmetic Group Completes Acquisition of Artisan
May 08 2024 - 9:00AM
Business Wire
- Transaction to Accelerate Growth of Transformational Aesthetics
Platform
- Acquisition Marks First Company to Join Olympus Cosmetic in
2024
- Deal Supports Expansion of High-Touch Provider of Cosmetic Care
into Fast-Growing Atlanta Market
VSS Capital Partners (“VSS”), a private investment firm
investing in the healthcare, business services, and education
industries, today announced that its portfolio company, Olympus
Cosmetic Group (“Olympus”), a platform providing comprehensive
cosmetic surgery, dermatological treatments and non-surgical
cosmetic procedures, has completed the acquisition of Artisan
Plastic Surgery and Artisan Beauté (collectively “Artisan” or the
“Company”), a female-founded and managed cosmetic surgery and
medspa enterprise. While financial terms of the transaction were
not disclosed, VSS made an additional investment to support
Olympus’ first acquisition.
Headquartered in Atlanta, Artisan operates four locations that
provide leading edge treatments to patients. Supported by a
talented team of female surgeons, its highly complementary Artisan
Beauté medspa locations provide patients with access to the
Company’s comprehensive and skillfully performed non-surgical
aesthetic procedures. Artisan’s dual offering is unique in that it
allows for a cross-pollination of patients between the surgical
practice and medspa locations.
“The team at Artisan is aligned seamlessly with Olympus Cosmetic
Group’s mission to deliver quality and expertly performed cosmetic
procedures to patients. Artisan is a market leader and this
transaction expands Olympus’ presence into a key regional market,”
said Patrick Turner, Managing Director at VSS. “The Artisan team is
well regarded for their deep expertise in plastic surgery and
medspa services. They have built an impressive business based on
patient satisfaction and first-rate results,” added Brad Corbin,
Principal at VSS. “Artisan’s commitment to providing quality
services, together with our resources and capital investment, will
enable the Company to continue delivering exceptional care to more
patients,” said Aditya Govil, Vice President at VSS.
“We are thrilled to welcome the highly talented team led by Dr.
Diane Alexander and Dr. Bernadette Wang-Ashraf to Olympus Cosmetic
Group’s next generation aesthetic care platform. Together, we are
dedicated to providing patients with a high quality experience in
beautifully designed facilities, while reducing the burden of
practice management for the physicians and providers who join our
organization,” said Dr. Erik Nuveen, Dr. Alberico Sessa and Dr.
James Koehler, Co-Founders of the Olympus Cosmetic Group.
“We look forward to joining Olympus Cosmetic Group for its next
stage of growth. We’re confident joining the Olympus family will
allow us to take this commitment one step further,” said Dr. Diane
Alexander and Dr. Bernadette Wang-Ashraf.
VSS has deep experience building industry leading healthcare
services companies in partnership with physicians, including
Specialty1 Partners, Center for Rheumatology and Eximia Research
among others.
TM Capital (a division of Janney Montgomery Scott) served as
exclusive financial advisor and Investment Law Group provided
counsel to Artisan. McDermott Will & Emery provided counsel to
VSS and Olympus Cosmetic Group.
About VSS Capital Partners
Headquartered in New York, VSS is a private investment firm that
invests in healthcare, business services and education companies.
Since 1987, VSS has partnered with lower middle-market companies,
working closely with management teams, to facilitate their next
stage of growth. VSS provides capital for growth financings,
recapitalizations, strategic acquisitions, and buyouts with the
flexibility to invest control or non-control capital, based on the
needs and objectives of each company. VSS has managed $4 billion in
committed capital across 8 funds and has completed 99 platform
investments and over 600 add-on acquisitions. For more information,
please visit: www.vss.com.
About Olympus Cosmetic Group
Olympus is a provider of comprehensive cosmetic surgery and
dermatological treatments, and non-surgical cosmetic procedures
located in the Southeast U.S. Olympus is led by Dr. Erik Nuveen,
Dr. Alberico Sessa and Dr. James Koehler with a practice network
which spans Florida, Oklahoma, Alabama, and now Georgia. For more
information, please visit: https://olympuscosmetic.com/
About Artisan
Artisan is a premier female founded and managed cosmetic and
reconstructive plastic surgery and luxury medspa enterprise of
scale operating four locations to serve patients in the metro
Atlanta region and beyond since 2000.
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