Following an investment from private equity giant KKR last year, SkinSpirit, a leading destination for medical aesthetics, has acquired Truth + Beauty Medspa in Roslyn Heights, NY.
WHO: Truth + Beauty was founded in 2013 by Bravo TV's Secrets and Wives cast member Cori Goldfarb. The Roslyn Heights, NY–based medspa has built a world-class reputation and loyal clientele in the community.
Seattle-based SkinSpirit was founded in 2003, providing medical beauty services in a spa-like setting that spans injectable neuromodulators and dermal fillers, as well as a variety of microneedling techniques, lasers, and body treatments. The company has 31 skincare clinics nationwide.
WHY: SkinSpirit will deploy the investment from KKR last year to fuel its M&A strategy.
IN THEIR OWN WORDS: "Truth + Beauty grew in Roslyn Heights over the last 10 years thanks to the grassroots support of the community," Goldfarb said. "And my commitment to this community was top of mind for me when partnering with SkinSpirit, because I knew it would ensure our longevity and up-level the already high quality of care for our clients.”
“This is another wonderful moment for SkinSpirit—bringing a well-established, premium clinic like Truth + Beauty to our platform is a testament to all that we have to offer," said SkinSpirit CEO and co-founder Lynn Heublein. "I am excited to build upon the decade of success that Cori and the Truth + Beauty team have created and to expand our growing New York-area footprint.”
“This has been an incredible year of momentum at SkinSpirit, with our acquisition of Contempo Aesthetics and our partnership with renowned plastic surgeon Dr. Shridharani earlier this year alongside the addition of Truth + Beauty," Heublein adds. "We are always looking to bring new partners like Cori on to our platform and continue to grow our business and provide excellent care through thoughtful acquisitions.”
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