Can a non-physician own a med spa in Vermont?

Short answer
The cited rules do not settle this — they define medical care as a "professional service" an ordinary Title 11A corporation may not render, and they bar unlicensed practice of medicine, but none states who may hold ownership of a med spa.

Vermont defines a professional service as one that may lawfully be rendered only by a licensed person and MAY NOT lawfully be rendered by an ordinary business corporation. It separately defines a qualified person — an individual or general partnership eligible under the chapter to be issued shares by a professional corporation — and a licensing authority as the body empowered to authorize the rendition of a professional service. These are the chapter’s definitions; the operative share-issue restriction sits elsewhere in the chapter and is not quoted here. The Medical Practice Act also names the arrangement itself: division of fees, or agreeing to split or divide the fees received for professional services with any person for bringing or referring a patient, is unprofessional conduct.