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!

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?

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.

Panelists include:

• 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-19