Westcove Advises Columbus Aesthetic & Plastic Surgery in its Partnership with Aesthetic Partners
LOS ANGELES, June 20, 2023 — Westcove Partners LLC (“Westcove”), an emerging and highly specialized investment bank, announced that it acted as the exclusive financial advisor to Columbus Aesthetic & Plastic Surgery (“CAPS”) in its partnership with Aesthetic Partners (“AP”). CAPS is a leading plastic surgery practice and med spa in Columbus, Ohio led by surgeons Dr. Tim Treece, Dr. Susan Vasko, Dr. John Wakelin, Dr. Bob Heck, Dr. Tyler Angelos, and Dr. Jason Hehr. The partnership with CAPS provides AP with a significant foothold in the Midwest and an opportunity to further expand throughout the region. The terms of the transaction were not disclosed. Westcove’s deal team included Justin Hand, Managing Director; Abe M’Bodj, Director; Scott Schulkin, Vice President; Shan Chawla, Vice President; and Fei Han, Analyst.
Dr. John Wakelin, President of CAPS stated, “We are thrilled to begin this new journey with Aesthetic Partners. We admire what they have built and are eager to help both CAPS and AP execute a collective vision for the future. CAPS’ future is bright, and we couldn’t be more excited to see what the future holds. We want to thank Westcove Partners for their guidance and expertise throughout the process. Westcove managed an efficient and highly competitive process that produced a stellar outcome for us as shareholders and, more importantly, a stellar outcome for CAPS as an organization. Westcove are true advisors; they guided us every step of the way.”
Kendra Cook, CEO of CAPS added, “I can’t express my admiration for all of you [at Westcove] in how you deep dive into different businesses so quickly and build such close business relationships and connectivity with all involved. I firmly believe our group would not have made it to the finish line had it not been for your abilities to relate to so many different personalities, views, and perspectives with such genuine grace, explanation, and honesty. All while maintaining your professional, calm demeanor at all times.”
Justin Hand, Managing Director of Westcove commented “CAPS is an excellent organization and they were exemplary clients. We are thrilled to have advised them through this process. CAPS has been successful due to its exceptional clinical capabilities, adherence to its core values, and its strong leadership team. We are pleased to have helped CAPS find the right partner in AP, there is no limit to what these two organizations can achieve together.”
About Columbus Aesthetic & Plastic Surgery
Columbus Aesthetic & Plastic Surgery (CAPS) is one of the largest plastic surgery and medspa practices in the Midwest. CAPS’ six award-winning plastic surgeons provide the full spectrum of cosmetic medical procedures and are among the most sought-after in the Midwest. CAPS’ strong management team and commitment to clinical and operational excellence has made it the leading medical aesthetics organization in Central Ohio and one of the most recognizable names in the cosmetic industry. With one state-of-the-art 20,000 sq. ft. location in Upper Arlington, Ohio and a second state-of-the-art 20,000 sq. ft. location opening in Gahanna, Ohio in 2023, CAPS is poised to continue its remarkable growth, visit www.columbusplasticsurgery.com.
About Aesthetic Partners
Aesthetic Partners acquires and partners with leading Medical Aesthetics, Cosmetic Dermatology and Plastic Surgery Clinics in the United States. Our mission is to support our partnering physicians in their personal and professional goals by helping them grow their practice, relieving them from mundane business operations, and providing them with exit opportunities to realize the value they’ve built. For more information, visit www.aestheticpartners.com.
Westcove Partners is a leading healthcare-focused investment bank that specializes in advising its clients through mergers & acquisitions, debt and equity financing, as well as other complex corporate finance transactions. The team focuses on founder-operated businesses and seeks to curate its advisory services according to the intricacies that come with these types of businesses.