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SKIN clinic Total Face Group (ASX:TFG) has made its first acquisition since listing on the ASX last month.
The Melbourne-based group purchased Face Today Mediclinic in Sydney, which is expected to positively contribute to its interim earnings this financial year.
Total Face Group now has eight clinics across Melbourne and Sydney, with another acquisition to be finalised in coming weeks.
TFG CEO Joanna Hannah says the acquisition will see both clinics expand their service offering, including the introduction of Coolsculpting fat reduction at Face Today.
"Face Today fits perfectly with our strategy of building a network of high-end aesthetic clinics," Hannah says.
"TFG continues to look for established, reputable medical aesthetic clinics to increase our clinic profile throughout Australia.
"Face Today will immediately benefit from the implementation of TESSA, our proprietary end-to-end clinical and operational support system, enabling a quick and smooth integration and driving consistent procedures across our clinic network."
Face Today has been owned and operated by nurse and Nicole Belle for the past 12 years, managed by clinical trainer Wendy Taylor and supported by specialist Dr Stephen Lowe.
Belle says the team is excited to join TFG and offer clients more industry expertise and services.
"For me and my team, this is an opportunity to increase our skills further and allow us to focus on what we love doing best - making people look and feel beautiful," Belle says.
"Joining forces with TFG was driven by the shared passion for advanced high-end treatments, patient and clinician education and a caring service that will result in a client for life.
"Wendy, Dr Lowe and I have a commitment to instill a passion and advanced skills in practitioners entering the field of cosmetic medicine, and to lift the standards of the industry overall."
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