Prime Plastic Surgery & Med Spa announced two recent acquisitions, and a strategic growth financing deal with White Oak Global Advisors to aid in future acquisitions and the scale of the current operations and facilities.
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Started three years ago by Western Metal Investments and led by James Chao, MD, FACS, and George Scopetta, Prime Plastic Surgery has now acquired seven practices in the California and Washington D.C. markets. The company has designed a physician-led business model with the goal of providing quality surgeries and improving the patient experience.
"Our partnership unlocks value for leading practices, immediately reducing their cost structure, easing operational burden, and providing significant capital to scale operations. This model has proven a win-win for patients, as well as our physician partners' bottom lines," said Chao.
White Oak, an alternative debt manager, completed a growth capital investment with Prime Plastic Surgery. The proceeds from that deal provided the capital to execute the two recent acquisitions. These acquisitions included the Changes Plastic Surgery & Spa in California and West End Plastic Surgery in Washington D.C.
"We pride ourselves on uncovering ideas that disrupt industries and scale quickly," said Allan Marzen, managing director of White Oak Global Advisors. "Prime is no exception, with two visionary founders and a novel business model that will spark consolidation within an industry that direly needs it. We look forward to mutual success and significant collective returns."