Venus Concept acquires NeoGraft

Venus Concept Ltd., a privately held and innovative global aesthetic technology leader, has announced that is has entered into agreement to acquire NeoGraft Solutions´ hair restoration business, the company said.

The acquisition is subject to customary closing conditions and is expected to close in February 2018.

Venus Concept® is a global medical technology company that develops, commercializes, and delivers safe, efficacious, and easy-to-use aesthetic technologies and related practice enhancement services in a unique, industry-disruptive subscription-based business model.

Venus Concept´s devices have been designed in cost-effective and proprietary ways that enables the company to expand beyond the aesthetic industry´s traditional markets of dermatology and plastic surgery, and into non-traditional markets–such as family practice, general practice, internal medicine, obstetrics and gynecology, and medical spas. For more information, visit www.venusconcept.com.

Eight years ago, NeoGraft® launched its automated follicular unit extraction system in North America. Today, NeoGraft is considered one of the most trusted hair restoration brands in the world. NeoGraft´s commitment to continuously improving patient outcomes led to collaborating with top aesthetic surgeons. NeoGraft´s combined next-generation minimally invasive surgical techniques with decades of data, and designed NeoGraft® 2.0 to be more than just a device. It is engineered to allow NeoGraft to be true partners with physicians. Wireless connectivity enables remote access for diagnostics, maintenance, automatic upgrades, and procedural data. The touchpad operates like your favorite tablet, and software communicates with the hand tools to provide real time extract and implant graft counts. Today, NeoGraft boasts over a 90% patient satisfaction rating on the world´s independent consumer website, Real Selfâ„¢. For more information, visit www.neograft.com.