biote Corp.

Biote Corp. operates a high-growth practice-building business in the hormone optimization space. The company provides components to Biote-certified practitioners to help them establish, build, and implement programs for optimizing hormone levels using personalized solutions for patients. The Biote Method is a comprehensive, end-to-end practice building platform that offers Biote-certified practitioners education, training, and certification, practice management software, inventory management software, information on available hormone replacement therapy (HRT) products, and digital and point-of-care marketing support. Biote also sells a complementary line of Biote-branded dietary supplements. The company generates revenue by charging Biote-partnered clinics fees related to the Biote Method and from the sale of Biote-branded dietary supplements. Biote-certified practitioners offer bioidentical hormone therapy, which is a segment of the HRT market. As of 2020, the total U.S. market opportunity for HRT products exceeded $7 billion and is projected to grow 7% annually through 2026.