💉Aesthetic medicine

Galderma to buy ZO Skin Health for $1.5bn

Galderma has signed an all-cash agreement to acquire 100% of ZO Skin Health at an enterprise value of $1.5 billion, adding a physician-dispensed brand with a large medical-spa footprint to its skincare portfolio. The deal is subject to regulatory and customary closing conditions.

Why it matters It is the biggest ownership shift this week in the physician-dispensed skincare channel that many aesthetic clinics stock and sell.

Earlier on this storyGalderma to buy ZO Skin Health for $1.5bn Thursday, 15 October 2026

Galderma to buy ZO Skin Health for $1.5bn

Galderma has signed an agreement to acquire ZO Skin Health for an enterprise value of about $1.5 billion, in an all-cash deal for 100% of the company subject to regulatory and customary closing conditions. The purchase adds a physician-dispensed skincare brand with a large medical-spa footprint.

Why it matters It is the biggest consolidation move in physician-dispensed skincare this cycle and will change brand economics for medical spas that stock it.