May 27, 2020
May 27th: PPP Loan Forgiveness Application, Podcast Episode with Medical Spa Insider
Anatomy of a Med Spa Sale: Mergers and Acquisitions, Part 2
In part two of this two-part series, Ben Hernandez of Skytale Group provides a step-by-step walkthrough of the sale of a medical aesthetic practice. He runs through what to expect if you’re approached by an investment company interested in purchasing your practice including:
The typical timeline for a sale;
What kind of information buyers are looking for initially;
How to structure the deal;
How long the owner may need to stay in the practice after the sale;
Pitfalls to avoid when selling your practice;
What to include in a Letter of Intent (LOI);
Things to look for in an investment partner;
And more!Listen Now
How Much Are Medical Spas Worth? Mergers and Acquisitions, Part 1
In part one of this two-part series, Ben Hernandez of Skytale Group gives some insight into the mergers and acquisitions (M&A) side of medical aesthetics. In this episode, he reflects on the surge of outside financing looking to enter the industry, and he answers a host of questions, including:
What are your options when you’re ready to sell?
Why is the M&A market so hot in this industry?
What is driving more established medical spas to sell?
Why is the industry so attractive to buyers?
What are buyers looking for in a medical aesthetics practice?
How are medical spas valued and how much could owners get for their practice?
How does building a strong leadership team increases a practice’s value?Listen Now
PPP Loan Forgiveness for Med Spas: Podcast with Medical Spa Insider
This week our panelists discuss new information about the PPP loan forgiveness application, and new interim rules introduced in the PPP Flexibility Act.
- Alex Thiersch, JD, Founder and CEO, AmSpa
- Michael Byrd, JD, Partner, ByrdAdatto
- Ben Hernandez, Partner, Skytale Group
- Patrick O’Brien, Legal Coordinator, AmSpa
For more information and updates on COVID–19, visit skytalegroup.com/covid-19Listen Now