Business Articles
Valeant to acquire Obagi for $344M
Valeant Pharmaceuticals is acquiring Obagi Medical Products for nearly $344 million, just months after acquiring Medicis Pharmaceutical for $2.6 billion. The definitive agreement would allow Valeant to acquire all outstanding common stock of Obagi for $19.75 per share in cash. The deal is expected to close in the first half of 2013, according to a […]
Wellness Centers and Liability
CAN I MAKE A PROFIT FROM THIS?” “What liabilities are involved?” These two questions are guaranteed to come up in regards to any emerging industry. As one of the fastest growing new industries on the market today, the business of wellness is no exception. Ten years ago, medical spas were the emerging trend. In today’s […]
Medicine 3.0: 25 Excellent Social Media Sites for Your Health
Recently, Health 2.0 reported that 34 percent of Americans turn to social media for health research. Their information, based upon an iCrossing report, shows that consumers choose Wikipedia, online forums and message boards as their most favored resources for information. Additionally, while these users are looking for answers, they also seek support and interaction. Interaction […]
Managing Your Online Reputation in the New World of Social Media
How do you manage your online reputation when everyone is a critic? That’s the question many of our physicians are asking us today. The answer requires a shift in the way we relate with consumers, moving away from one-way storytelling to strategies that enable conversations with prospective patients. Implementing a reputation management program as a […]
Earnings Preview: Allergan
Allergan (AGN) is expected to report Q1 earnings Friday, April 30 before the market open, with a conference call scheduled for 9 am ET. Guidance Analysts are looking for EPS of 60c on revenue of 1.11B. The consensus range is 58c-66c for EPS, and $1.07B-$1.18B for revenue, according to First Call. In early February the […]
Differentiation: The key to generating more business in a soft market
The economy has the cosmetic plastic surgery business sagging and in need of a real lift. The American Society for Aesthetic Plastic Surgery (ASAPS) recently released some concerning statistics about the cosmetic plastic surgery business. In 2009, according to ASAPS, spending on plastic surgery services fell 20 percent to $10.5 billion. Further, the number […]
Merz to complete acquisition of BioForm Medical
Merz Pharma Group has reported that the subsequent offering period of the tender offer by Merz GmbH & Co and its acquisition subsidiary to purchase all of the outstanding shares of common stock of BioForm Medical at a price of $5.45 per share, net to the seller in cash expired as scheduled on February 18, […]
Aesthetic Accreditation Agency Established
Recently in California, medical spas have been the target of legislation intended to regulate the medical spa industry. Aesthetic Accreditation Agency was established in 2008 due to new legislative changes that seek to improve patient safety and the standard of care in the medical spa setting. While hospitals and surgery centers have been accredited by […]
California Bill could Put non-Physician Owned MedSpas out of Business
URGENT UPDATE (4-16-08) AB 2398 COSMETIC REGULATION (Submitted by Norman C. Davis, Esq.) The Business & Professions Committee of the State Assembly held a bill hearing on April 9, 2008 at which time the proposed AB 2398 (Amended April 1, 2008) was presented to the Committee. Unfortunately, following a brief discussion and only a few […]
Adding cosmetic procedures lifts internists sagging incomes
A few years ago, Bill J. Johnson, ACP Member, was spending most of his day treating patients for hypertension, diabetes and other chronic ailments. But while he enjoyed his work, his income had stagnated amid tightening insurance reimbursements. That’s when he began to think about adding aesthetic procedures to his menu of services. Dr. Johnson […]
