Acara Partners to Launch National Medical Spa Acquisition Strategy.Spa Industry Leader Selects the Medical Spa A medical spa is a facility whose medical program is run under the strict supervision of a licensed healthcare professional, according to The International Medical Spa Association. Industry to Launch Its Latest Consolidation Strategy BRANFORD, Conn. -- Acara Partners announced today the launch of its latest venture. "We are excited to launch our nationwide consolidation strategy in the very fragmented medspa industry. This area has experienced rapid growth with no non-franchise national leader emerging. Acara's vision is to bring order to this spa industry segment that has developed with minimal standards and operating benchmarks. Acara's plan is to apply its tried-and-true operating formulas to add value and build a strong national brand in this spa segment," states Francis X. Acunzo, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Acara Partners. Acunzo is a 20-year veteran in the spa and hospitality industry and was one of the first innovators innovators people who will try new things. early innovators important figures in the farming or client community because they are the leaders in the introduction of new techniques and management systems. to put laser hair removal Epilation performed by laser was performed experimentally for about 20 years before it became commercially available in the mid 1990s. Intense Pulsed Light (IPL) epilators, though technically not a laser, use xenon flash lamps that emit full spectrum light. equipment in a spa setting in the early '90s. This type of venture is not new to Acunzo. He is the founder and former CEO of Stonewater which successfully acquired 22 of the best day spas A day spa is a business establishment which people visit for personal care treatments such as massages and facials. It is similar to a beauty salon in that it is only visited for the duration of the treatment. in the country before it was merged with Premier Salons. More recently, Acara MedSpas, a division of Acara Partners, was contracted to take a chain of 37 medical spas out of bankruptcy and stabilize the entity. Acara increased annualized annualized Of or relating to a variable that has been mathematically converted to a yearly rate. Inflation and interest rates are generally annualized since it is on this basis that these two variables are ordinarily stated and compared. revenues from $0 to approximately $18 million in under 4 months. Acara MedSpas is a management company that offers turnkey solutions for the planning, development and implementation of medical spas and ongoing management services including sales, operations and marketing. Acara Partners is selectively seeking out high-quality, successful medical spas in targeted markets before expanding their reach nationally. "We are looking for Looking for In the context of general equities, this describing a buy interest in which a dealer is asked to offer stock, often involving a capital commitment. Antithesis of in touch with. the top medical spas for our new venture. We have strict criteria that includes top-line revenue of greater than $1 million annually for our acquisitions," states Acunzo. Acara Partners is an investment company formed by Francis Acunzo to leverage the growing popularity of spas and the population's increasing desire to live a healthier lifestyle. Visit the Acara Partner's website: www.acarapartners.com, or Acara Medspas': www.acaramedspas.com. |
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