Venus Concept completes acquisition of hair restoration brand NeoGraft

Global aesthetic technology firm Venus Concept has completed an acquisition of hair restoration business NeoGraft Solutions.

The acquisition will help Venus Concept accelerate its growth plans and expand in the global market.

Venus Concept CEO and chairman Domenic Serafino said: “We are extremely pleased and excited to have completed this acquisition, as it represents a significant milestone in our company’s seven-year history.

“NeoGraft Solutions Corporation is an industry leader in the area of hair restoration technologies and topical products.

“With this acquisition, Venus Concept will further extend its reach in the global aesthetic market by leveraging its unique subscription-based business model, the first and only in the industry, through 27 direct global offices and presence in 65 countries.”

In addition, an equity investment of $7m was made by EW Healthcare Partners, HealthQuest Capital, and Madryn Asset Management in Venus Concept.

NeoGraft president Glenn Normoyle said: “Having spent time with the Venus Concept team, there is consistency in culture and vision between the two companies and its employees.

“The depth of experience and infrastructure at Venus Concept will significantly increase the global presence of NeoGraft.”

Working with 400 employees, the aesthetic company has a footprint in various segments, including dermatology and plastic surgery markets, as well as family practice, general practice, internal medicine, obstetrics, gynaecology and medical spas.