Private equity backed skincare specialist swoops for medical group
Birmingham healthcare group sk:n is pushing ahead with its national expansion strategy with the acquisition of Adonia Medical Group.
The Adonia Medical Group includes Courthouse Clinics, a chain of 11 clinics across the UK offering a range of anti-ageing aesthetic and wellbeing treatments including laser hair removal, anti-aging injections, skin rejuvenation and weight-loss products.
The transaction will enable the s:kn Group to increase its national footprint, extending its reach into new clinic locations as well as providing greater diversity through its enhanced portfolio of complementary services.
Paul Wilkinson, CEO the Adonia Medical Group said: “The acquisition is a fantastic opportunity for The Adonia Medical Group to join forces with the largest independent aesthetics clinic network in the UK. It is an exciting opportunity for all our employees and I look forward to working with the senior team to continue to develop our businesses.”
Clearwater International advised the shareholders of Adonia Medical Group with a team comprising managing partner Phil Burns, director Helen Lowe, associate director Will Arnold and associate Robert Herscovici.
Phil Burns, managing partner at Clearwater International said: “Adonia Medical Group is a great fit for a business such as sk:n. The business offers a great service proposition that will only continue to go from strength to strength. We believe Adonia will further enhance sk:n’s established network and we look forward to seeing the two businesses grow together as one.”
The shareholders of Adonia Medical Group were also advised by Clyde & Co.
Sk:n Group is backed by Trispan Private Equity and were advised by Alantra and Katten Muchin Rosenman.
