White Oak Global Advisors provided a senior credit facility to Prime Plastic Surgery & Med Spa (“Prime”), a healthcare partnership comprised of the country’s leading board-certified aesthetic surgery practices. Proceeds will be used to fuel future acquisitions and scale up existing operations and facilities.
“Prime is quickly expanding as a leading provider in the space known for the most excellent patient care,” said Allan Marzen, Managing Director of White Oak Global Advisors. “We’re pleased to have helped support their growth story and welcome the opportunity to work together on future acquisitions.”
Prime Plastic Surgery was founded less than three years ago by Western Metal Investments, a healthcare-focused family office led by Dr. James Chao and George Scopetta. Addressing the challenges of a fragmented industry, Prime Plastic Surgery has created a unique physician-led business model with the goal of establishing the industry’s most elite brand focused on quality surgeries and improving the patient experience.
“White Oak’s flexible structure and speed of execution were critical for us at this stage of our company’s growth,” said Dr. James Chao, Co-Founder of Prime Plastic Surgery. “Our partnerships unlock value for leading practices by reducing their cost structure, easing operational burden, and providing significant capital to scale operations. We’re grateful to be working with a capital provider such as White Oak that enables us to continue in our mission of improving patient care.”
The announcement coincides with Prime finalizing the acquisition of Changes Plastic Surgery & Spa, located in San Diego, CA; and West End Plastic Surgery, located in Washington, D.C. To date, Prime has acquired seven practices in the California and Washington, D.C. markets to become one of the nation’s largest plastic surgery groups.