Private equity deals have swept through medical specialties such as orthopedics and dentistry in recent decades, and this same trend is now beginning to emerge in the field of plastic surgery. Historically, plastic surgery practices have remained fragmented, yet have a high potential for scalability and leveraging of best practices. Finding the right private equity partner can be a lucrative opportunity for owners of plastic surgery practices to scale and grow their businesses.
For private equity firms, plastic surgery is a particularly attractive specialty for a variety of reasons. We’ve outlined three of those top benefits here.
Plastic Surgery Is a Growing Industry
Cosmetic surgery has seen consistent growth year over year for several decades, making it an attractive niche for private equity investors. This growth has been fueled in part by an ongoing societal acceptance and normalization of elective surgery and non-surgical treatments like injectable fillers and laser skin treatments.
Exclusivity of Board-Certified Plastic Surgeons
As of January 2023, there were approximately 7,600 practicing board-certified plastic surgeons in the United States. Compare this figure to the 202,500 actively practicing dentists in the United States and it is clear just how exclusive plastic surgery practices are. The limited number of nationwide board-certified plastic surgeons makes this area even more enticing for private equity investors.
High Opportunity for Scalability
Finally, there are many efficiencies to be gained through scale within this industry. For example, plastic surgery practices can obtain more competitive pricing on medical equipment and devices, more throughput into existing surgery suites and more efficient standardization of HR, finance best practices and other essential areas of the business as they scale.
If you’d like more information about joining Prime Aesthetics Group, the nation’s most elite network of plastic surgery practitioners, please fill out our secure online contact form.