Radiance Medical Aesthetics & Wellness (Radiance), a premier medical spa in The Woodlands, Texas, has partnered with Formula Wellness, a Dallas-based health, wellness, and aesthetics group. Practice Transitions Group (PTG) served as the exclusive advisor to Radiance during the transaction.
A Strategic Partnership
The partnership combines Radiance's established aesthetic expertise with Formula Wellness's comprehensive approach to health and wellness. This expansion represents several key industry developments:
- Marks Formula Wellness's first location outside Dallas-Fort Worth
- Demonstrates the growing consolidation in aesthetics and wellness
- Expands service offerings for The Woodlands community
- Maintains founder Lauren Olson's continued involvement
- Creates opportunity for enhanced patient care offerings
- Supports integration of comprehensive wellness services
- Shows strong investor interest in premium aesthetics practices
Leadership Perspectives
"When I learned that one does not have to exit after an acquisition, I decided to engage Practice Transitions Group (PTG) and it was the best thing I ever did," said Lauren Olson, PA-C, founder of Radiance. "They found the perfect match."
"We aim to ensure a seamless transition for Radiance's patients and staff while introducing new services that enhance health and well-being," added Michael Bennett, CEO of Formula Wellness.
About Practice Transitions Group
Founded in 2015, Practice Transitions Group is a strategic sell-side M&A advisory and transitions firm focused on representing aesthetic, dentistry, and medical practices with revenues ranging from $2 to $20MM.
About Formula Wellness
Formula Wellness provides comprehensive health and aesthetic services tailored to each patient's unique needs, with a focus on optimizing health, aesthetics, and longevity. With a clinical advisory board led by Chief Medical Officer Dr. Brian Rudman, Formula Wellness is committed to excellence in healthcare and longevity science, setting a new benchmark in preventive healthcare and aesthetics.
About Trive Capital
Trive Capital is a Dallas, Texas-based private equity firm with more than $4 billion of regulatory assets under management. Trive focuses on investing equity and debt in what it sees as strategically viable middle-market companies with the potential for transformational upside through operational improvement.
