M&A dynamics and valuation trends in Medical Aesthetics.
The transformation of the Medical Aesthetics business is fueled by a change of paradigm to enhance physicians’ loyalty and ultimately create an annuity business, with a Vertically integrated one-stop-shop to enhance practitioners and patients’ loyalty and leverage price bundling via combined therapy kits, Continuum of instruments and devices to generate a long-term balanced annuity of revenues (ex Merz with dermal-fillers acquisitions of Anteis and Glytone, physician-dispensed skin-care from Neocutis, Instruments and Energy-Based Devices from Ulthera).
