---
schema_version: "secwatch.filing_event.v1"
accession: "0001818093-23-000003"
form_type: "8-K"
ticker: "SKIN"
cik: "0001818093"
company_name: "SkinHealth Systems Inc."
filed_at: "2023-02-28T23:59:59+00:00"
generated_at: "2026-06-18T22:34:10.999664+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# BeautyHealth acquires SkinStylus microneedling device for $16.3M in cash and stock

## Summary
- Total consideration of $16.3M: $14.99M cash (incl. up to $3.2M contingent payments) and $1.31M in SKIN stock.
- Acquisition of SkinStylus, an FDA-cleared class II microneedling device, complementary to Hydrafacial.
- Contingent payments tied to cartridge royalties ($1.9M) and FDA facial indication clearance ($1.3M) within 120 days.
- Deal expected to contribute upside in 2024 and beyond; microneedling market projected to reach $1B by 2030.
- Seller (Dr. Lawrence Groop) to provide consulting services post-close.

## SEC filing metadata
- accession: 0001818093-23-000003
- form_type: 8-K
- ticker: SKIN
- cik: 0001818093
- company_name: SkinHealth Systems Inc.
- filed_at: 2023-02-28T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 3.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1818093/000181809323000003/0001818093-23-000003-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1818093/000181809323000003/skin-20230227.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001818093-23-000003
- JSON: https://secwatch.observer/filing/0001818093-23-000003.json
- Plain text: https://secwatch.observer/filing/0001818093-23-000003.txt

## Key facts
- Material Agreements
  SkinHealth Systems Inc. entered into Stock Purchase Agreement with Dr. Lawrence Groop, Kristin Groop, and Esthetic Education, LLC valued at $16,300,000 (effective 2023-02-27).
  - Action: entry
  - Agreement: asset purchase
  - Counterparty: Dr. Lawrence Groop, Kristin Groop, and Esthetic Education, LLC
  - Value: $16,300,000
  - Effective: 2023-02-27
  source text: On February 27, 2023, Edge Systems Intermediate, LLC (the “Buyer”), an indirect, wholly-owned subsidiary of The Beauty Health Company (the “Company”), entered into that certain Stock Purchase Agreement (the “Purchase Agreement”), with Dr. Lawrence Groop (“Seller”) and Kristin Groop (“Mrs. Groop”), and Esthetic Education, LLC, a company wholly-owned by Mrs. Groop (“EE LLC” and collectively with Seller and Mrs. Groop, the “Seller Parties” and each, a “Seller Party”). Pursuant to the Purchase Agreement, Seller will sell to Buyer, and Buyer will purchase from Seller, all of the outstanding shares of Esthetic Medical Inc. (“EMI”), a company wholly-owned by Dr. Groop (the “EMI Shares”), upon the terms and subject to the conditions of the Purchase Agreement (such purchase and sale, together with the other transactions contemplated by the Purchase Agreement, the “Transactions”). In exchange for the EMI Shares, Buyer will pay or cause to be paid to Seller total consideration of $16,300,000
  evidence_url: https://www.sec.gov/Archives/edgar/data/1818093/000181809323000003/0001818093-23-000003-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.