Venus Concept Inc. announced on June 6, 2025, that it has entered into a definitive agreement to sell its Venus Hair business to MHG Co. Ltd for $20 million in an all-cash transaction. The transaction is expected to close in the third quarter of 2025, subject to customary closing conditions.
The divestiture includes Meta Robotics LLC, which encompasses the company’s portfolio of hair restoration and hair transplant technologies, related equipment, services, and intellectual property, including ARTAS and NeoGraft. MHG Co. Ltd will also assume the manufacturing and R&D facility in San Jose, California.
This strategic move is intended to enhance Venus Concept’s balance sheet and provide capital for strategic growth initiatives. Management expects the transaction to strengthen the company by allowing it to focus on its global medical aesthetics business, which is anticipated to improve revenue growth, lower operating expenses, enhance cash flow, and accelerate the path to long-term profitability. The Venus Hair business generated approximately $12.5 million in revenue and used $6.7 million in cash from operations in fiscal year 2024.
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