LOS ANGELES, September X, 2026 /PRNewswire/ – M&A Healthcare Advisors (“MAHA”), a boutique investment bank focused exclusively on the healthcare industry, is pleased to announce the sale of Gallaher Plastic Surgery & Med Spa, a leading provider of surgical and non-surgical cosmetic procedures in Eastern Tennessee, to Olympus Cosmetic Group (“Olympus”), a surgeon-founded aesthetics platform backed by VSS Capital Partners (“VSS”).
MAHA served as Gallaher Plastic Surgery’s exclusive sell-side advisor, with the engagement led by Mike Moran, Managing Director, and Mike Abud, Senior Associate.
The acquisition marks Olympus Cosmetic Group’s entry into Tennessee, a market the organization had identified as an attractive opportunity for continued expansion. As Olympus evaluated opportunities to establish its first practice in the state, Gallaher Plastic Surgery & Med Spa stood out as an ideal partner. Led by highly respected plastic surgeon Dr. Tom Gallaher, the practice has built a strong reputation for clinical excellence, patient care, and high-quality aesthetic outcomes throughout Eastern Tennessee.
For Dr. Gallaher, the transaction provides the practice with a strategic partner capable of supporting its next phase of growth while preserving the physician-led approach and commitment to patient care that have been central to Gallaher Plastic Surgery’s success.
“Olympus had identified Tennessee as an attractive market for expansion, and Dr. Gallaher’s reputation and the quality of the practice made this a compelling opportunity to establish its first location in the state,” said Mike Moran, Managing Director at MAHA. “There was strong strategic and cultural alignment between the parties from the outset. We are proud to have represented Dr. Gallaher and to have helped bring together two organizations that share a commitment to exceptional patient care and continued growth.”
“Mike and his team were incredibly supportive during the entirety of the process and offered excellent advice throughout it. I would highly recommend MAHA if you are a physician considering the sale of your practice,” said Dr. Tom Gallaher, Founder and CEO of Gallaher Plastic Surgery & Med Spa.
“We are very excited to have partnered with Dr. Gallaher and his team at Gallaher Plastic Surgery & Spa. They represent a premium brand and practice that is core to the Olympus platform. We look forward to preserving and growing the brand Dr. Gallaher has built in the greater Knoxville market. Mike and his team at MAHA were outstanding to work with and instrumental in the acquisition process.”, said Ben Cook, CEO of Olympus Cosmetic Group.
Throughout the transaction, MAHA worked closely with Dr. Gallaher and the Olympus team to facilitate negotiations, coordinate diligence, address transaction considerations, and maintain momentum through closing. The successful transaction reflects MAHA’s continued activity advising leading physician-owned practices across the plastic surgery and aesthetics sectors.
About Olympus Cosmetic Group and VSS Capital Partners
Olympus Cosmetic Group is a surgeon-founded and led investment and growth platform built exclusively for the cosmetic specialty. Established by board-certified cosmetic surgeons, Olympus offers a comprehensive range of surgical and non-surgical aesthetic treatments from state-of-the-art facilities across its growing national footprint. The acquisition of Gallaher Plastic Surgery represents Olympus’ first practice in Tennessee and expands the platform’s presence into its ninth state.
Headquartered in New York, VSS is a private investment firm that invests in the healthcare, education, and business services industries. VSS partners with lower middle-market companies, working closely with management teams to facilitate their next stage of growth. VSS provides capital for growth financings, recapitalizations, strategic acquisitions, and buyouts, with the flexibility to invest control or non-control capital based on the needs and objectives of each company. VSS has managed $4 billion in committed capital across eight funds and has completed 105 platform investments and more than 600 add-on acquisitions.
About M&A Healthcare Advisors
M&A Healthcare Advisors is a FINRA-licensed boutique investment bank specializing in Sell-Side Representation, Buy-Side Representation, M&A Consultation, and other Investment Banking Services across the lower-middle-market healthcare industry.
The founders of M&A Healthcare Advisors have advised on transactions across a variety of healthcare verticals, including Behavioral Health, Autism Services, I/DD, Hospice, Home Health, Home Care, Private Duty, Physician Practices, Plastic Surgery, Med Spa, Staffing and Medical Recruiting, and all types of Pharmacy.
CONTACT:
Leah Siobhan
Transaction Coordinator
M&A Healthcare Advisors
LSiobhan@mahealthcareadvisors.com
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“Working with the Greater Boston Long Term Care Pharmacy team was a privilege. It was also a nice milestone for MAHA as this transaction is our first under the purview of FINRA and as registered agents of a broker dealer, a milestone we achieved in July of 2024” said Mike Moran.
M&A Healthcare Advisors (MAHA) is pleased to announce the successful pharmacy sale of Greater Boston Long Term Care Pharmacy, a premier provider of pharmacy services for community-based group homes and assisted living facilities across Massachusetts, to Tarrytown Expocare Pharmacy. Tarrytown Expocare, an Intellectual and Developmental Disabilities (IDD) and Behavioral Health pharmacy provider with operations in 31 states, is supported by Sheridan Capital Partners. This successful pharmacy sale is a strategic acquisition and underscores the value of specialized healthcare services in meeting the evolving needs of underserved populations.
> Read the full press release here
MAHA’s Role in the Transaction
Serving as the exclusive financial and strategic advisor to Greater Boston Long Term Care Pharmacy, MAHA guided the transaction from start to successful pharmacy sale. The deal was led by Mike Moran, Managing Director, and Mike Abud, Senior Associate.
“Working with the Greater Boston Long Term Care Pharmacy team was a privilege. This transaction also marked a significant milestone for MAHA as our first under FINRA registration as broker-dealer agents, a designation we achieved in July of 2024,” said Mike Moran.
Client Testimonial: Trusted Support Through Every Step
“Mike and his team were incredibly supportive throughout the process and worked diligently to bring us together with a buyer who shares our values. I highly recommend Mike and his team if you are considering the sale of your company," said Mike Wessenberg, former CEO of Greater Boston Long Term Care Pharmacy
Overcoming Challenges in Healthcare M&A
Healthcare transactions and successful pharmacy sales often come with unique complexities; this acquisition was no exception. Regulatory approvals, coordination with clinical teams, and ensuring a seamless transition required expert oversight and communication. MAHA played a pivotal role in navigating these challenges, working closely with both parties to facilitate clear communication between leadership and staff, address regulatory requirements efficiently, and build a foundation of trust for long-term collaboration.
With MAHA's guidance, both parties were able to complete a successful transaction that ensures continuity of care for the communities served by Greater Boston Long Term Care Pharmacy while aligning with Tarrytown Expocare Pharmacy’s mission.
About M&A Healthcare Advisors
MAHA is a boutique M&A advisory firm specializing in the lower-middle market healthcare industry. Our mission is to deliver comprehensive, committed support for healthcare businesses navigating the complexities of mergers and acquisitions. Our expertise spans a wide range of healthcare segments, including Behavioral Health, Autism Services, I/DD, Hospice, Home Health, Home Care, Private Duty, Physician Practices, Physical Therapy, Staffing/Medical Recruiting, Facility-Based Care, Labs, Not-for-Profits, and all types of Pharmacy. With a full suite of services—Sell-Side Representation, Expert Valuations, Hourly M&A Consulting, and more—we are proud to empower business owners to achieve their financial and strategic M&A goals.
Partner with MAHA for Your Healthcare M&A Needs
Are you considering selling your healthcare business? MAHA combines industry expertise with personalized support to help you achieve a successful transaction. Contact our team of experts at M&A Healthcare Advisors to learn how we can guide you through every step of the process.
