SACRAMENTO, Calif., July 31,
2024 /PRNewswire/ -- Alpha Aesthetics Partners,
a Thurston Group portfolio company, today announced it
achieved significant growth in the first half of the year and
continues its trajectory for notable expansion. With strong
additions to executive leadership and the completion of new
facilities, the company is advancing its mission to provide
world-class medical aesthetics care. Alpha Aesthetics Partners is
further bolstered by a growing interest among consumers in
maintaining and enhancing their natural beauty. Key highlights from
the first half of the year include:
- Closed 3 partnerships, adding 8 new locations: Anne Therese
Aesthetic Medicine, RN Esthetics, and Dontage
- Entered 3 new states: Ohio,
Florida, and Massachusetts
- Added 60 employees between Alpha and partner practices
- Opened expansion space for Refined Aesthetics
- Completed construction on De Novo site in San Diego, CA, with Holden Timeless
Beauty
- Had over 50,000 patient visits in the first half of 2024
- Attained a patient Net Promoter Score (NPS) across all clinics
of 4.9/5.0.
Alpha Aesthetics Partners also expanded its executive team with
the addition of:
- Gary Price, COO: Gary brings
over 20 years of experience in healthcare operations and has a
proven track record of driving organizational growth and
efficiency. He previously held executive roles at Loves Travel
Stops, Corner Bakers, and Pilot Flying J.
- Henry Neely, CFO: Henry has
extensive experience in financial management within the healthcare
sector and is committed to ensuring the financial health and growth
of Alpha Aesthetics Partners. He most recently served as CFO at
Specialty1 Partners.
- Arcot Prakash, CIO: Arcot is an
expert in healthcare information technology with significant
experience in building out technology stacks for M&A platforms
and extensive IT security experience. He previously served as CIO
& CISO at D4C Dental Brands and held senior IT roles at Option
Care Health and BioScrip, Inc.
John Wheeler, CEO, underscored,
"In navigating the dynamic landscape of medical aesthetics, Alpha
Aesthetics Partners thrives on adaptability. Our success lies in
our expansive M&A pipeline, great integrations,
world-class operations team, and obsession with our partner
experience. Our ability to embrace change, identify emerging
opportunities, and continually refine our strategies ensures
enduring growth and success for our partners and shareholders."
Gary Price, COO, emphasized the
company's strategic approach, "As we reflect on the achievements of
the first half of 2024, we recognize the importance of our focus on
people, infrastructure, and growth. Alpha Aesthetics Partners is
committed to driving excellence in all facets of each business to
create long-lasting companies."
Alpha Aesthetics Partners has consistently demonstrated its
commitment to the medical aesthetics sector, focusing on building
industry-leading companies. The company's portfolio
includes med spas specializing in neurotoxin, dermal filler,
lasers, facial plastic surgery, and GLP-1 weight loss
treatments.
As Alpha Aesthetics Partners looks ahead to the remainder of
2024, the firm remains dedicated to its mission of forging
meaningful partnerships and driving better outcomes. The company
will continue to execute its proven buy-and-build strategy.
About Alpha Aesthetics Partners:
Founded in 2023, Alpha Aesthetics Partners aims to advance the
medical aesthetics industry through best-in-class partner support
and clinical training. With a vision to build the best operating
and biggest network of medical aesthetics partners in the world,
Alpha Aesthetics Partners focuses on making medical spa ownership
simpler and more collaborative, allowing partners to concentrate on
providing world-class patient care. The company is a portfolio
company of Thurston Group, with a rapidly growing presence across
20 locations in 7 states.
About Thurston Group:
Thurston Group is a private equity firm that focuses on building
industry-leading companies in the healthcare services sector.
Founded by its Chairman and CEO Patrick J.
Haynes III in 1986, Thurston Group has returned over
$4 billion of invested capital in its
38-year history. Thurston has an
extensive track record of partnering with physicians and building
fast-growing businesses, including Smile Doctors, US Endodontics
Partners, US Oral Surgery Management, SGA Dental Partners, US
Orthopedic Partners, Gen4 Dental Partners, ARC Health, Options
Medical Weight Loss, Alpha Aesthetics Partners, and Modis Dental
Partners, among others.
For more information, please contact: John Wheeler, CEO
916-549-2233
john@partnerwithalpha.com
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SOURCE Alpha Aesthetics Partners