Agreement covers more than 125 LaserAway
locations across 27 states and new locations through 2025
The Beauty Health Company (NASDAQ: SKIN), home to flagship brand
Hydrafacial, has entered an agreement with aesthetic dermatology
leader LaserAway to supply Hydrafacial Syndeo devices to its more
than 125 locations across the U.S. and any new practice sites
opened through 2025. The partnership expands a successful
introduction of Hydrafacial Syndeo in nine LaserAway locations in
Southern California earlier this year.
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the full release here:
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LaserAway Location (Photo: Business
Wire)
As one of the nation’s largest aesthetic dermatology chains,
LaserAway has nearly doubled its footprint in the past two years, a
bellwether of the skyrocketing channel overall. The American Med
Spa Association estimates the U.S. medspa sector will see 29%
revenue growth through 2025.1
The channel is a boon for Hydrafacial. Chains like LaserAway
drive the highest number of Hydrafacial treatments of any channel.
The number of Hydrafacial treatments performed in this setting from
January to June 2023 have grown +16% compared to the same time
frame last year, even after record growth in 2022.
“We are thrilled to expand Hydrafacial’s reach with an
aesthetics leader like LaserAway,” said BeautyHealth President and
CEO Andrew Stanleick. “Consumers are increasingly seeking out
beauty health experiences that deliver transformative results, all
in one location. Hydrafacial continues to grow within this booming
channel and receives an overall brand boost that drives consumer
trial across our entire provider network, from large clinics to
single chair estheticians.”
The strategic partnership establishes Hydrafacial as a standard
treatment option for the millions of patients who visit LaserAway
locations each year and builds on the robust stream of data and
insights from each treatment performed by the next generation
connected Syndeo devices at every LaserAway location.
“Our vision is to provide the best aesthetic treatments under
one roof, no matter where you are in the country. We see
Hydrafacial as the entry point for LaserAway, a treatment that is
universally effective, painless, with no downtime—and is the
perfect pre-treatment to prep the skin for our other lasers,
injectables and skin tightening treatments,” said LaserAway CEO
Scott Heckmann. “With the digital capabilities of Syndeo, we can
also track the success of our patients over the course of multiple
treatments.”
Syndeo combines Hydrafacial’s patented vortex fusion technology
with a digital experience. Using Syndeo’s connected interface,
providers can personalize each treatment according to a client’s
unique skin needs and preferences.
Hydrafacial’s Syndeo device will become available at each of
LaserAway’s more than 125 locations across 27 states from July
2023. The partnership agreement also includes all new LaserAway
locations opening through 2025.
1American Med Spa Association: 2022
Medical Spa State of the Industry Report July 2022
About The Beauty Health Company
The Beauty Health Company (NASDAQ: SKIN) is a global
category-creating company delivering millions of skin health
experiences every year that help consumers reinvent their
relationship with their skin, bodies, and self-confidence. Our
brands are pioneers: Hydrafacial™ in hydradermabrasion, SkinStylus™
in microneedling, and Keravive™ in scalp health. Together, with our
powerful community of estheticians, partners, and consumers, we are
personalizing skin health for all ages, genders, skin tones, and
skin types in more than 90 countries. We are committed to being
ever more mindful in how we conduct our business to positively
impact our communities and the planet. Find a local provider at
https://hydrafacial.com/find-a-provider/, and learn more at
beautyhealth.com or LinkedIn.
Forward-Looking Statements
Certain statements made in this release are “forward looking
statements” within the meaning of the “safe harbor” provisions of
the United States Private Securities Litigation Reform Act of 1995.
When used in this press release, the words “estimates,”
“projected,” “expects,” “anticipates,” “forecasts,” “plans,”
“intends,” “believes,” “seeks,” “may,” “will,” “should,” “future,”
“propose” and variations of these words or similar expressions (or
the negative versions of such words or expressions) are intended to
identify forward-looking statements.
These forward-looking statements are not guarantees of future
performance, conditions, or results, and involve a number of known
and unknown risks, uncertainties, assumptions, and other important
factors, many of which are outside The Beauty Health Company’s
control, that could cause actual results or outcomes to differ
materially from those discussed in the forward-looking
statements.
Important factors, among others, that may affect actual results
or outcomes include The Beauty Health Company’s ability to execute
its business plan; the continued business relationship between The
Beauty Health Company and LaserAway; the ability to place
Hydrafacial Syndeo devices in all of LaserAway’s locations,
including its anticipated, new practice sites; LaserAway continuing
to purchase Hydrafacial Syndeo devices; potential litigation
involving The Beauty Health Company; changes in applicable laws or
regulations; and the possibility that The Beauty Health Company may
be adversely affected by other economic, business, and/or
competitive factors. The Beauty Health Company does not undertake
any obligation to update or revise any forward-looking statements,
whether because of new information, future events, or otherwise,
except as required by law.
About LaserAway
LaserAway is a leader in aesthetic dermatology, offering
customized procedures tailored to a patient's individual needs.
LaserAway has over 120 locations across the country and specializes
in a full suite of aesthetic treatments including laser hair
removal, laser tattoo removal, laser skin rejuvenation, body
contouring, skin tightening, injectables, and skin care products.
Find your nearest LaserAway at laseraway.com/contact, and learn
more about their treatments at laseraway.com/services.
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version on businesswire.com: https://www.businesswire.com/news/home/20230804560992/en/
The One Nine Three Group Investors: BeautyHealthIR@the193.com
Press: BeautyHealth@the193.com
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