Powerhouse Investment Bank Viper Partners Dominates the Plastic Surgery/Aesthetics SpaceFirst Three Quarters 2022.
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At Florida-based Viper Equity Partners offices, it’s all been about Plastic Surgery and Med Spas so far this year. Four years ago, the Viper team took to the road meeting with Private Equity firms from coast to coast, pitching Plastic Surgery as the next big roll-up target. Soon after, they built an inventory of marquee practices available for acquisition and successfully completed the sale of Aqua Plastic Surgery Centers to Gryphon-owned Watersedge Dermatology. The success of that partnership laid the way for a flood of PE firms stepping up to follow suit.
“The space is extremely active now” stated, Samir Qureshi, Vipers’ President. I am not surprised at all; the practices are very dynamic, and the Inventory of willing sellers looking to join early-stage platforms is surging.”
Recently, Viper closed on three platform deals: Marietta Plastic Surgery, SW Florida Oral and Facial Surgery Centers, and Plastic Surgery Centers of Hampton Roads. They also have four more groups under Letter of Intent, with a dozen additional under contract. Viper works with surgical centers, med spas, reconstructive and cosmetic surgery practices, and aesthetics. Viper, a sponsor of Plastic Surgery, The Meeting will be on site in Boston with a booth to further educate potential buyers and sellers about the market this week.
One key element Viper brings to the equation is their experience in dealing with Surgeons. They have led the Dermatology and Oral Surgery space since 2009. Plastic surgeons are earners. The offices are high volume and very profitable. The noninvasive side, run primarily by PAs and nurses, is a huge income booster. In-house surgical suites, which are now common, also cut costs and add major concessions. Yes, cash is king in this business, but many offices have brought on reconstructive business and in-house dermatologists, which bring in the insurance revenue. The adaptability and entrepreneurial spirit of the Plastic Surgeons makes them an excellent partner.
Samir goes on to talk about the current environment. “The deal flow has really come on strong now with realistic multiples in place. We battled rumors of ridiculously high multiple numbers being thrown around, confusing the Doctors. We now have expectations aligned, which is great!” Viper has been underwriting all their client's deals in-house and pricing them before they go to market. This has streamlined the process, which both buyers and sellers have well received.
“Samir has really put this division together and made it a powerhouse,” stated David C. Branch Viper’s founder. He is going to take it all the way and that is a wonderful thing”
About Viper Equity Partners
As America’s Leading Transition Consultation Firm for the Medical Industry, working with dentists, plastic surgeons, dermatologists, cardiologists, and real estate. Viper Partners is America's leading M&A Advisory and Investment Bank in dentistry and aesthetics, representing Dental, Plastic Surgery, Cardiology, Real Estate, Loans, Financing, and Dermatology practice owners. Our exclusive relationships with private equity-funded Dental Support Organizations (DSOs) and Medical Support Organizations (MSOs) and our experienced team of M&A professionals are like no other in the healthcare marketplace. The Viper Team consults with every client, from contract to the closing table, with high integrity, efficiency, velocity, and a one-of-a-kind, value-added approach. Our 97% closing rate speaks for itself.
Contact Information:
For more information on how Viper Partners can assist with your business sale, contact Dave Branch or visit https://www.viperequitypartners.com/.
Dave Branch, Founder
Phone: (305) 988-5945
Email: dave@viperequitypartners.com
SOURCE Viper Equity Partners of Palm Beach LLC