Lorena Cosmetics Acquires and Revitalizes Harley Medical Group and sk:n Clinics

Deal News | Dec 09, 2024 | PR Newswire Cision Lorena Cosmetics Holdings SPV

Lorena Cosmetics Holdings SPV Limited has announced the successful acquisition and re-launch of The Harley Medical Group and sk:n Clinic Group, marking a significant development in the UK's cosmetic and medical dermatology sector. With this acquisition, Lorena Cosmetics aims to restore and enhance the delivery of high-quality aesthetic and cosmetic services across over 30 UK locations, including flagship clinics in London and Glasgow. The acquisition is part of Lorena's broader strategy to consolidate its presence in the healthcare sector, integrating new clinics and partnering with leading industry brands to introduce advanced treatments and services in 2025. This strategic move also aims to mitigate the impacts of the previous liquidation of sk:n and THMG, by re-employing former staff, relocating clinics to upgraded premises, and ensuring compliance with industry regulations. Lorena's long-term goals include expanding and increasing accessibility of their clinic portfolio throughout the UK, enhancing service offerings, and building consumer trust through a robust infrastructure and quality care.

Sectors

  • Healthcare Services
  • Cosmetics and Aesthetics

Geography

  • United Kingdom – The acquisition and re-launch of The Harley Medical Group and sk:n Clinic Group occur within the UK, affecting its aesthetics and dermatology market.

Industry

  • Healthcare Services – The article discusses Lorena Cosmetics' acquisition of aesthetic and dermatological clinics which operate within the healthcare services industry.
  • Cosmetics and Aesthetics – Lorena's acquisition targets companies specializing in cosmetic surgery and aesthetic treatments, highlighting their importance within this industry.

Financials

    Participants

    NameRoleTypeDescription
    Lorena Cosmetics Holdings SPV LimitedAcquirerCompanyA market leader in healthcare services, part of Lorena Investments Group, specializing in regulated, medically led services.
    The Harley Medical GroupTarget CompanyCompanyA leading UK authority in cosmetic surgery known for high levels of patient care.
    sk:n Clinic GroupTarget CompanyCompanyThe UK's leading provider of aesthetic treatments and dermatological care, offering medically led treatments.
    David MoulsdaleChairman and CEOPersonCEO of Lorena Cosmetics Holdings SPV, responsible for leading the acquisition strategy.
    Stephen HannanClinical Services DirectorPersonDirector at Lorena Cosmetics, focusing on patient care and operational improvements post-acquisition.
    Optical ExpressAffiliateCompanyAn ophthalmology services provider part of Lorena Investments Group, collaborating with the newly acquired clinics.