Fri, 20 Dec 2024 | BUSINESS SALE
Private healthcare provider Electiva Healthcare has acquired Glasgow-based cosmetic surgery and aesthetics clinic La Belle Forme.
The move strengthens Electiva’s position in the rapidly growing market for surgical and non-surgical cosmetic procedures.
The acquisition provides Electiva with an additional hospital site to expand its existing services, which include day case elective surgery, healthcare screening, and hormonal treatments such as hormone replacement therapy (HRT). It said that it also allows it to leverage the expertise of La Belle Forme’s clinical director, consultant plastic surgeon Taimur Shoaib, across its network.
Electiva Healthcare’s mergers and acquisition director, Tony Veverka, said: “We are continuing to explore growth opportunities through acquisitions in response to the increased consumer demand for private surgical and non-surgical treatments across the UK. La Belle Forme is a highly respected clinic in Scotland.”
Electiva plans to introduce comprehensive health assessment packages with on-site laboratory testing and ultrasound scanning at its facilities, providing rapid access to same-day care.
Electiva is part of the Y1 Capital healthcare portfolio of brands which is headed up by Veverka and Founding Partner Dr Sayani Sainudeen. The Y1 Capital portfolio also includes the UK’s leading provider of cosmetic surgery, Signature Medical.
Sainudeen said: “This latest acquisition will further enhance our network and we’re looking forward to collaborating with quality surgeons as we drive higher standards of patient care in this sector.”
The number of cosmetic procedures in the UK saw a 16 per cent drop in 2023 from the previous year, with treatments for men slumping by a fifth.
This could be as a result of the cost-of-living crisis but there has also been a trend in people travelling abroad for cosmetic treatments.
However, over the longer term, figures from Experian have shown that the number of beauty salons offering cosmetic treatment has increased by a third over the last five years. The TV show ‘Love Island’ is believed to have attracted greater interest from younger people.
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