UK healthtech platform MANUAL acquires FORMEL Skin

Berlin — YPOG has advi­sed Berlin-based health­tech FORMULA Skin on its sale to the opera­tor of the leading UK health­tech plat­form MANUAL. YPOG worked closely with UK law firm Walker Morris on this German-British cross-border tran­sac­tion. The tran­sac­tion marks an important mile­stone for the leading Euro­pean player in the field of digi­tal derma­to­logy and under­lines the high importance of digi­tal busi­ness models in the Euro­pean health­care market. 

Follo­wing the acqui­si­tion, MANUAL and FORMULA SKIN will work to combine their tech­no­lo­gies, medi­cal exper­tise and pati­ent care models into a single, connec­ted care plat­form. In the coming months, the group plans to launch new services globally — with a parti­cu­lar focus on buil­ding the most advan­ced offe­ring for weight manage­ment pati­ents in Germany. In doing so, they are uniting their shared mission to make proac­tive and perso­na­li­zed health­care acces­si­ble to all. 

Both parties have agreed to keep the purchase price and other econo­mic details of the tran­sac­tion confidential.

About FORMEL Skin

FORMEL Skin is a Berlin-based health­tech start-up that offers pati­ents tele­me­di­cal treat­ments for skin condi­ti­ons such as acne and rosacea. A digi­tal plat­form is used to combine derma­to­lo­gi­cal diagno­stics, medi­cal care and indi­vi­du­ally tail­o­red, prescrip­­tion-based care products. 

The company addres­ses a rapidly growing market for digi­tal health appli­ca­ti­ons and offers a subscrip­­tion-based model that enables conti­nuous, data-based custo­miza­tion of therapy. In recent years, FORMULA Skin has attrac­ted renow­ned inter­na­tio­nal inves­tors and estab­lished itself as one of the leading provi­ders in the field of online dermatology. 

Consul­tant Health­tech FORMULA Skin: YPOG

Dr. Frede­rik Gärt­ner (Co-Lead, Tran­sac­tions) Part­ner, Berlin
Jörg Schr­ade (Tax), Part­ner, Munich
Dr. Tim Schlös­ser (Co-Lead, Tran­sac­tions) Part­ner, Berlin
Matthias Kres­ser (Finance) Part­ner, Berlin
Dr. Caro­lin Raspé (Regulatory/FDI) Part­ner, Munich
Dr. Ferdi­nand Cadmus (Tran­sac­tions) Asso­cia­ted Part­ner, Hamburg
Sjard Seeger (Tran­sac­tions), Asso­ciate, Berlin
Ninetta Klein­dienst (Tax), Asso­ciate, Munich
Helena Dierckx (Finance), Asso­ciate, Berlin
Sarah Sostak (Tran­sac­tions), Asso­ciate, Berlin

— www.ypog.law