Dermatology

Grassa

Provident Perspectives– Dermatology has experienced tremendous growth in recent years. In this Provident Perspective, we examine how volume growth, coupled with significant fragmentation within the sector has led to a robust investment and acquisition environment.

Axial

Featured Publication– Senior Associate Ajeya Shekar was featured in Axial’s Forum and asked about his thoughts on the dermatology space. Axial is is a multi-sided network made up of middle market investors, advisors, and CEOs.

Smiling doctor standing in the hospital

Q4-2016 Dermatology Update– Dermatology wrapped up a significant year in consolidation with another notable dermatology practice trading private equity partners along with strategic-led consolidation. Valuations within dermatology continue to lead healthcare services given the high demand for investment opportunities amidst a small number of platform opportunities.

Young Woman Showing Hand To Cosmetologist In Beauty Clinic

Q3-2016 Dermatology Update– With private equity firms struggling to find quality platforms in the dermatology market, strategic acquirers already backed by private equity dominated the M&A landscape in the third quarter.

Doctor examining melanoma, using dermascope, copy space

Q2-2016 Dermatology Update-Private equity firms Audax Group and Candescent Partners exited their dermatology holdings to larger funds in an effort to take advantage of some of the highest valuations in healthcare services. Given the returns both groups were able to achieve in a short time horizon of four years, we expect private equity interest in dermatology to continue in the near future.

Woman puts a cream for hands. Focus on hand

Q1-2016 Dermatology Update– Dermatology deal activity was robust in the first quarter, with the first successful private equity firm exiting an investment within the dermatology sector, and continued new investments from private equity in platform-caliber practices.

The Dermatology Center_2

Transaction Advisory– The Dermatology Center, P.A. has completed a recapitalization with Pharos Capital Group, LLC. The Dermatology Center is a leading medical and cosmetic dermatology practice with four locations in the metro Washington D.C. area.

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