Acquisition puts more sk:n in the game

Birmingham healthcare group sk:n is to expand its nationwide network of skin clinics after buying Waveriver out of administration.

Waveriver operated seven clinics under the brand names Kin Healthcare and Flint + Flint but ran into cashflow difficulties earlier this year.

sk:n is headquartered in Edgbaston and now has 58 clinics across the UK.

Gavin Hawthorn, chief marketing officer at sk:n, said: “We are always looking for ways to deliver on our business strategy and this acquisition helps us take another step on our journey.”

Dean Watson and Paul Stanley of Begbies Traynor had been appointed as administrators in July.

They received a range of offers and the directors agreed to the offer from sk:n. The value of the deal has not been disclosed.

Watson said: “We are pleased to have worked with sk:n to make this deal work. It is a highly reputable brand in the marketplace and this acquisition makes perfect sense.”