HydraFacial and Vesper Healthcare to Combine as The Beauty Health Company

Posted By American Med Spa Association, Tuesday, May 18, 2021

Vesper Healthcare and The HydraFacial Company closed their previously announced business combination. The combined company will be known as The Beauty Health Company. The business combination was approved by Vesper Healthcare’s stockholders on April 29, 2021, with approximately 96 percent of the votes cast in favor of the transaction.
Prior to the business combination, HydraFacial was owned by two healthcare industry private equity firms, Linden Capital Partners, who will continue to be the largest shareholder in the Company, and DW Healthcare Partners IV, LP, who will continue to have a significant stake in the Company.
As a result of the business combination, HydraFacial is now a wholly owned subsidiary of BeautyHealth. Beginning May 6, 2021, BeautyHealth’s shares will trade on the Nasdaq Capital Market under the ticker symbol “SKIN.”
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