Solana Medical Spas Announces Strategic Partnership
| Press Releases - Medical Spa Franchises | |
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- FROM FORBES.COM - Solana MedSpas has forged a strategic partnership with Angel Strategies, an international angel investment company headquartered in Orange County. Solana MedSpas, based in Irvine,Calif., is the nation's leading medical spa consulting company, with a growing network of uniquely branded retail medspas all over North America. The announcement was made by Solana MedSpas CEO and co-founder John Buckingham. "Solana MedSpas is pleased to be working with Angel Strategies because they are highly qualified and well motivated to invest the right kind of money to take Solana MedSpas to the next level," Buckingham states. Angel Strategies is an internationally focused angel capital firm funding "best of class" early-stage companies, providing capital, infrastructure, business strategies and strategic alliances. Angel Strategies normally takes a small ownership in a company, works for three to six months to accelerate growth, then adds more capital. John Garcia, founding/managing principal of Angel Strategies, notes that they chose Solana MedSpas because the company fits into their health and nutrition vertical arena, with an emphasis on nutriceuticals and alternative medicine. "The future of medicine is medical practice integrated with beauty," Garcia says, noting that Solana MedSpas has created a new market segment and distribution channel by combining aesthetic, non-invasive medicine with the spa movement, coming from the medical rather than the spa side. "The medical spa movement represents the fastest growing and most lucrative healthcare trend in the United States today," Garcia continues."Eastern Europe and Scandinavia have had medical spas for several years, so Solana MedSpas is part of a growing global trend." Medspas are defined as comfortable, spa-like facilities that provide consumers with fast and convenient access to top quality, non-invasive aesthetic medical procedures under the strict supervision of a board certified plastic surgeon and other licensed healthcare professionals. Prior to founding Angel Strategies, Garcia was a senior executive with several biotech companies including Boehringer-Mannheim Diagnostics, Hitachi and Coulter Electronics. He cofounded Sierra Medical Supply, a medical-surgical supply company based in Sacramento, Calif. which was later sold to American Hospital Supply. His second start-up venture, a medical software company specializing in ophthalmology, was acquired by Alcon Labs., a wholly owned subsidiary of Nestle of Lake Geneva, Switzerland. After leaving Alcon, Mr. Garcia, co-founded HealthLink, a $150 million boutique venture fund targeting "life changing technology companies." "Buckingham is a founding board member of the International Medical Spa Association and serves as their vice president of corporate affairs. He is also co-creator with the University of California, Irvine of their new Spa and Hospitality Certificate Program. Prior to joining Solana MedSpas, Buckingham was chancellor and president of the Brooks College System, headquartered in Long Beach, Calif. Buckingham holds a Bachelor of Science in Pharmacy with distinction from Purdue University and a Master's in Business Administration from Harvard Business School. Available Topic Expert(s): For information on the listed expert(s), click appropriate link. Copyright © 2004 PR Newswire All rights reserved. |
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