Yes, Obagi has undergone multiple corporate acquisitions throughout its history as a premier medical-grade skincare brand. Most recently, following its integration under the Waldencast multi-brand beauty platform, the Obagi Medical business division was acquired by the prominent global private equity firm Bridgepoint Group. This strategic buyout was designed to provide the clinical brand with dedicated financial backing and specialized operational support to accelerate its continued expansion across worldwide medical aesthetics and dermatology markets.