American Laser Centers
Encyclopedia
American Laser Centers, LLC, a privately held
Privately held company
A privately held company or close corporation is a business company owned either by non-governmental organizations or by a relatively small number of shareholders or company members which does not offer or trade its company stock to the general public on the stock market exchanges, but rather the...

 company based in Farmington Hills, Michigan
Michigan
Michigan is a U.S. state located in the Great Lakes Region of the United States of America. The name Michigan is the French form of the Ojibwa word mishigamaa, meaning "large water" or "large lake"....

,is a national provider of aesthetic services including Laser Hair Removal
Laser hair removal
Laser hair removal was performed experimentally for about 20 years before it became commercially available in the mid 1990s. One of the first published articles describing laser hair removal was authored by the group at Massachusetts General Hospital in 1998...

. It was founded in 2002 and has more than 170 clinics across the United States.

History

American Laser Centers was founded in 2002 by Rich Morgan, together with Dr. Leonard LaCivita and Dr. Benn Gilmore. By the end of 2003, ALC had grown to over 30 offices nationwide. Morgan sold the business to private-equity companies
Private equity firm
A private equity firm is an investment manager that makes investments in the private equity of operating companies through a variety of loosely affiliated investment strategies including leveraged buyout, venture capital, and growth capital...

 The Edgewater Funds and Code Hennessy & Simmons
Code Hennessy & Simmons
Code Hennessy & Simmons is a private equity investment firm focusing on leveraged buyout and growth capital transactions. The firm focuses on investments in middle market companies in four basic industries:* Business services* Consumer* Distribution...

 L.L.C. American Laser Skincare
American Laser Skincare
American Laser Centers, LLC, a privately held company based in Farmington Hills, Michigan,is a national provider of aesthetic services including Laser Hair Removal, Botox, VelaShape and more...

 became the company name in 2011.

Although laser hair removal
Laser hair removal
Laser hair removal was performed experimentally for about 20 years before it became commercially available in the mid 1990s. One of the first published articles describing laser hair removal was authored by the group at Massachusetts General Hospital in 1998...

 treatments still account for the largest portion of the business, American Laser has added several other aesthetic treatments in recent years, including cellulite treatment, skin rejuvenation, skin tightening, Latisse, Botox and dermal fillers.

External links

Official
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