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...
Continue reading
