Code Hennessy & Simmons Announces New CEO for American Laser Centers, LLC
Chicago, Illinois - Code Hennessy & Simmons LLC (“CHS”) announced Steven Straus as the newly appointed CEO of American Laser Centers, LLC (“ALC”). ALC is the largest provider of laser hair removal and non-invasive aesthetic services in the United States. Mr. Straus will drive ALC’s growth initiatives and focus on new product offerings.
Mr. Straus' health care career has spanned three decades. Most recently, he served as CEO of Cincinnati-based LCA-Vision, Inc., which operates under the LasikPlus brand name. Previously, he held senior executive roles with several health care companies including MSO Medical, Titan Health Corporation, Columbia/HCA, Baxter Healthcare and American Hospital Supply Corporation.
Steve Brown, Partner at CHS, said, “Steve’s successful track record in the health services industry is a strategic fit for American Laser Centers. His strong leadership will be a powerful force in ALC’s continued success in the aesthetic medical treatment arena.”
Under Straus’ leadership, American Laser Centers will continue its aggressive rollout of new products and services to meet the increased consumer demand for aesthetic medical treatments, including laser hair removal, cellulite reduction, skin rejuvenation and dermal fillers. Headquartered in Farmington Hills, Michigan, ALC currently operates more than 211 skin care clinics throughout the U.S. and Puerto Rico. For additional information about ALC, please refer to the company’s website at www.americanlaser.com.
CHS is a Chicago-based private equity firm specializing in private equity investments and recapitalizations of middle market companies in partnership with management. CHS targets well-managed companies focused on growth with enterprise values between $75 million and $1 billion. With particular expertise in the Consumer, Business & Consumer Services, Distribution, and Infrastructure & Industrial Products sectors, CHS has completed 73 platform investments and 211 add-on investments. Founded in 1988, CHS has formed five private equity funds and currently manages over $2.8 billion of capital. For additional information about CHS, please refer to the firm’s website at www.chsonline.com.