Skytale Group Serves As Exclusive Sell-Side Advisor to New Medical Spa
Skytale Group acted as exclusive sell-side advisor to New Medical Spa on its partnership with Formula Wellness, which is sponsored by Trive Capital. New Medical Spa stands as an exceptional leader in medical aesthetics, boasting a prime location in the Greater Richmond, Virginia market. This collaboration not only solidifies a strategic partnership with New Medical Spa but also marks a significant expansion for Formula Wellness within Virginia.
“We are proud to have served as the exclusive sell-side advisor to the owners of New Medical Spa in this strategic transaction,” said Tedd Van Gorden of Skytale. “This deal reflects the exceptional value created by the founders, Teresa and Chris Camden, and highlights the robust demand for innovative med spas with high clinical quality. We are honored to have played a role in achieving a successful outcome for our clients and facilitating their next chapter with Formula Wellness.”
“We are so grateful to Skytale for orchestrating this acquisition and transition with unmatched professionalism and integrity. They found us the perfect partners, Formula Wellness, who perfectly complement our culture and DNA,” said Teresa Camden, co-founder and owner of New Medical Spa. “We are thrilled to join the Formula Wellness family and look forward to this exciting new chapter for our practice.”
“We are incredibly grateful to Skytale for brokering this partnership with New Medical Spa” said Michael Bennett, CEO of Formula Wellness. “Dr. Teresa and Chris Camden have built an exceptional, thriving practice rooted in trust, results, and outstanding patient care. Their values align perfectly with Formula Wellness’s mission, and we are excited to integrate our wellness expertise into their already successful offerings. Together, we look forward to delivering a holistic approach to health and aesthetics, helping patients achieve optimal longevity, from the inside out, as we expand our footprint in Virginia.”
Skytale Director Tedd Van Gorden, Vice President James Wimpress, Senior Analyst Colin Basinski, and Analyst Ryan Gerteisen represented New Medical Spa in the partnership process.
