Functionlab Group and FYi Medical Aesthetics have announced a merger.

Terms of the deal, which is slated to shut on Jan. 1, weren’t disclosed.

Functionlab Group operates a network of 68 aesthetic medicine clinics in Canada as Dermapure and ProjectSkin MD, and owns skincare line Jouviance. It’s backed by L’Oréal.

L Catterton-backed FYi Medical Aesthetics is a division of Canadian health care organization FYihealth Group, which introduced the division in 2019 after the corporate acquired ReNue, a medical aesthetic clinic offering skincare, laser and cosmetic treatments.

Together, the merged firms, which is able to proceed as Functionlab Group, aim to expand their geographic footprints and construct their presence as leaders in Canada’s nonsurgical medical aesthetics industry.

“I full-heartedly consider that through this partnership with Functionlab Group, we are going to create more value for all stakeholders within the industry,” said Dr. Alan Ulsifer, chief executive officer of FYihealth Group, in an announcement. “Watching our medical aesthetics business grow with a robust and trusted partner is inspiring.”

L’Oréal invested in Functionlab Group, which was founded in 2009 by Francis Maheu and Erick Geoffrion, in 2019 through its enterprise capital arm, Daring Business Opportunities for Business Development.

In 2020, L Catterton invested in FYidoctors, a subsidiary of FYihealth Group.

“Wellness, personal care and beauty are categories with strong secular tailwinds,” said Rajan Shah, principal at L Catterton, in an announcement.