Newport News, Virginia, October 14, 2022 – Inspire Aesthetics (“Inspire”), a Hidden Harbor Capital Partners portfolio company and leading provider of plastic surgery and cosmetic treatments, today announced the acquisition of Plastic Surgery Center of Hampton Roads (“PSCHR” or the “Company”). The acquisition expands Inspire’s geographic footprint into Virginia and further enhances Inspire’s best-in-class provider base.

Based in the Hampton Roads metropolitan area, Plastic Surgery Center of Hampton Roads works with patients in its Newport News, Virginia and Williamsburg, Virginia facilities, providing the highest quality plastic surgery procedures, injectables, and aesthetic services.  Partners Dr. Randall Blanchard, Dr. Michael Lofgren, Dr. Peter Vonu, and Dr. Michael Zwicklbauer have more than 100 years of combined experience in plastic surgery and aesthetics. Each surgeon will continue with Inspire post-transaction and provide valuable expertise and vision to growing the business. Moreover, the partnership between Inspire Aesthetics and PSCHR represents a significant step forward in building a patient-centric and physician-friendly national plastic surgery platform.

“Partnering with Inspire will provide new capabilities and resources to accelerate key initiatives across the practice, driving growth and further enhancing the patient experience” said Dr. Peter Vonu of PSCHR. “Plastic Surgery Center of Hampton Roads is the leader in cosmetic surgery on the Virginia Peninsula, a growing and resilient market we are very excited about— Inspire is thrilled to have found great partners in this area” said Dr. Drew Schnitt of Inspire Aesthetics. “Inspire’s partnership with PSCHR represents another multi-site, multi-physician addition to the platform that will further diversify and scale the organization” said Suzanne DeTore, Vice President at Hidden Harbor Capital Partners.

Gladstone Capital Corporation (Nasdaq: GLAD) provided financing for the transaction. McDermott Will & Emery served as legal advisor to Hidden Harbor Capital Partners and Inspire Aesthetics. Cowen served as buy-side advisor to Inspire Aesthetics. Viper Equity Partners served as sell-side advisor to Plastic Surgery Center of Hampton Roads.

About Inspire Aesthetics

Inspire Aesthetics is a regional leader in plastic surgery and aesthetics focused on premium surgical and non-surgical procedures in the Southeast United States. Inspire Aesthetics is led by Dr. Ralph Garramone and Dr. Drew Schnitt, who combined their Florida-based practices during the initial transaction with Hidden Harbor Capital Partners. Inspire patients benefit from a patient-centric consultative approach, highly trained staff, and decades of surgical experience. Inspire is a leading provider in the Southeast with seven total locations post-transaction. For more information, visit https://inspireaesthetics.com/

About Hidden Harbor Capital Partners

Hidden Harbor Capital Partners is a private equity firm which helps create business success stories by building teams focused on execution.  We believe that great companies are built on a strong group of people as their foundation, and that businesses succeed when they are intensely focused on executing a small set of well-defined objectives.  Hidden Harbor currently manages over $700 million of equity capital and is investing out of its second fund, a $450 million vehicle.  To learn more, visit www.hh-cp.com and our page on LinkedIn.

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Media Contact

Julia Bennett: (904) 534-4468 / jbennett@hh-cp.com