Aesthetic Insights wrote about Cartessa’s innovative business model, the recent investment from Crestline Investors, Inc., as well as the launch of PHYSIQ. Below is an excerpt; read the full feature here.
Four-year-old Cartessa Aesthetics is growing with no sign of slowing down. ”The beauty of our business plan is that the scalability is very high,” expressed Mr. Lubin. ”We work with both new and existing manufacturers, cultivating new technology that fits today’s market, and what we see as future market needs.”
In April, Cartessa Aesthetics announced closing a $35 million investment by private equity firm Crestline Investors, Inc. (Fort Worth, Texas) to support the company’s rapid expansion. ”We’ve grown over 100% year-over-year. Even in 2020, which was a COVID-bound year, we ended up 50% year-over-year. In 2021, we expect to be up again 100% year-over-year,” said Gabe Lubin.
According to Carey J. Nease, M.D., a facial plastic and cosmetic surgeon in Calhoun, Ga., ”Cartessa excels at identifying and distributing devices, such as PHYSIQ, that provide good results for patients, have a reasonable price point, and low disposable costs. The support staff, sales reps, and training staff offer some of the best customer service and support I’ve ever seen.”