SkinSpirit, a chain of medical spas, has received a minority investment from KKR. SkinSpirit CEO and co-founder Lynn Heublein will continue to lead the organization.
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SkinSpirit has more than tripled the number of clinics that it operates since 2018 and has more than doubled that number since 2020. It currently has 31 skin care clinics nationwide.
KKR is investing in SkinSpirit through its Health Care Strategic Growth Fund II, a fund dedicated to investing in high-growth health care-related companies to which KKR can be a unique strategic partner in helping reach scale.
Heublein said, "A shared growth mindset is at the heart of our company. With KKR’s strong support, SkinSpirit will continue to grow with an eye toward offering best-in-class services to our clients across the country and providing our renowned teams with advanced learning and development, industry-wide leadership opportunities, and continuous improvement through unique initiatives such as our employee advisory boards.”
Ali Satvat, partner at KKR and global head of KKR Health Care Strategic Growth said, "We see long-term opportunities for growth in medical aesthetics, a category that we have tracked closely for several years. Lynn and her team have built a differentiated platform that has earned the respect of providers and clients across the country.”