Asset Manager

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Aesthetic Partners

Courtney Ellenbogen's Aesthetic Partners rolls up elite plastic-surgery and med-spa practices while keeping clinical founders in the lead.

Aesthetic Partners

Aesthetic Partners is a company that partners with and acquires medical aesthetics, cosmetic dermatology, and plastic surgery clinics. It offers services such as capital investments, marketing, HR, training, technology, and legal support. Aesthetic Partners was founded in 2019 and is based in Miami, Florida.

General information

Firm type

Asset Manager

Year founded

AUM

Undisclosed

Location

Region

North America

Country

United States

City

Miami

Corporate office

Miami, FL, United States

Principals

Courtney Ellenbogen

Co-Founder & Chief Executive Officer

Faraz Karbasi

Co-Founder & Executive Advisor

Tara Watson

Chief Operations Officer

Goran Vukovic

Chief Financial Officer

Sector focus

Healthcare Services

Frequently asked questions

Who runs investment decisions at Aesthetic Partners?

The firm is led by Co-Founder & CEO Courtney Ellenbogen and Co-Founder & Executive Advisor Faraz Karbasi. A Head of Corporate Development, Jordan Barrett, is listed on the leadership team, suggesting a dedicated acquisitions function. The firm does not name an investment committee or disclose its capital-approval process publicly.

Is Aesthetic Partners structured as a single family office or does it operate more like a private equity firm?

It operates as a private-equity-style consolidator, not a family office. It acquires and builds aesthetics practices for growth rather than managing a single family's wealth. The firm's origin and capital source are not publicly disclosed, and its structure does not match the family-office disclosure pattern.

How does Aesthetic Partners source proprietary deal flow?

Aesthetic Partners appears to source deals through its network of clinical leaders. Named physician partners such as Dr. Jason Pozner and Dr. John Wakelin hold system-level innovation and medical-officer roles, acting as visible clinical ambassadors. The firm also maintains a public partnership-inquiry portal on its website.

Does Aesthetic Partners participate in fund commitments or only direct deals?

Only direct acquisitions and de novo practice openings are evident on the firm's website. There is no mention of fund-of-fund commitments, co-investment programs, or limited-partner relationships with external managers.

What investment stages does Aesthetic Partners typically target?

The firm targets established, founder-owned practices with strong local brands, offering a partnership that can include partial liquidity upfront and a path to full exit later. It also pursues de novo openings, providing start-up capital and operational support for new clinics. No early-stage venture or minority-growth equity activity is disclosed.

Which sectors does Aesthetic Partners explicitly avoid?

Aesthetic Partners concentrates exclusively on medical aesthetics, including plastic surgery and non-surgical med-spa services. No portfolio companies outside this vertical are named, and the firm has not signaled interest in adjacent areas such as dermatology-pathology labs, dental cosmetics, or general healthcare services.

How is the firm's clinical governance separated from its financial operations?

Aesthetic Partners publicly names its Chief Innovation Officer, Chief Medical Officer, and Director of Scientific Education, alongside a dozen affiliated surgeon-partners. This structure signals that clinical standards sit in a separate hierarchy from the CEO, CFO, and operational leadership. Whether these roles carry formal governance rights or serve primarily as marketing and peer-recruitment functions is not detailed in public disclosures.

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