Venus Concept Ltd. is pleased to announce that it has completed its acquisition of NeoGraft Solutions’ hair restoration business (NeoGraft).
Glenn Normoyle, President of NeoGraft, also commented on the acquisition: “We are very happy to join the Venus Concept family. 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.”
Concurrent with the completion of the acquisition of NeoGraft, an additional equity investment of $7 million was made by EW Healthcare Partners, HealthQuest Capital, and Madryn Asset Management. Scott Barry, Managing Director of EW Healthcare Partners, commented on the acquisition and additional investment: “We are pleased to continue to support Dom and the management team of Venus Concept as they continue to grow organically and through strategic acquisitions, which are consistent and compatible with its differentiated business model and fit the creative and entrepreneurial culture of Venus Concept.”
