Hair Loss News

Tokyo - Aderans Co. Ltd. shares are up by 1.8 percent to 2,765 yen after the hairpiece and hair transplant company said it or its US-based unit Bosley Inc. will buy rival Leavitt Management Inc.

Leavitt Management Inc. is the corporation which owns Medical Hair Restoration, the second largest hair transplant clinic in the USA. The company also owns several dermatology and laser hair clinics.

An Aderans spokesman said it sees potential and aims to boost its profile in the United States as there is no major hair transplant company other than number one Bosley, which has about a 10% market share, and number two, Medical Hair Restoration, which has around 8% of the market.  The remaining 82% share of the market is in the hands of individual hair transplant doctors.  It’s expected that Aderans will use the combined clout of the two companies advertising budgets - which runs into the hundred millions - to increase their market share.

Bosley has over 85 hair loss replacement office locations in the U.S., Canada and Mexico, while Medical Hair Restoration has 46 locations nationwide.  Not all locations are actual medical clinics where hair transplant surgeries are performed.

The acquisition deal has been reported to cost $47,457,000.  The two companies are expected to finish hammering out the details by the end of June.

It’s unknown at this time whether they intend continuing to operate under different banners or will be merging into a single entity.