Woman puts a cream for hands. Focus on hand

Q1-2017 Dermatology Update– Dermatology has continued to be a highly active market in terms of consolidation as private equity-backed platforms aggressively execute add-on acquisition strategies to increase geographic density and expand into new markets.


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.


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.

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.

  • “While the decision to sell our business was a difficult one, Provident vigilantly represented and protected our best interests throughout the transaction.  Provident was the right choice for Cascade and I would recommend their services to anyone.”

  • “We would not have been successful navigating the process without Provident’s hard work and active participation. They exceeded our expectations and we would highly recommend them to any health care company seeking a knowledgeable and engaged investment banking firm.”

  • “Provident listened to our story, confirmed that our business was valuable and made us feel like this was the only transaction important to them.”

  • “After working with Provident on several transactions, it is evident that their extensive industry knowledge and deal expertise prove to be invaluable to their clients.”

  • ”I have a tremendous amount of appreciation and gratitude to the Provident team for their hard work and diligence throughout this process. Each and every member of the Provident team is excellent at their jobs and it has been a pleasure working with such a professional team. Provident has provided outstanding guidance and counsel, and this deal could never have gotten done without Provident’s leadership.”

  • “A lot of investment bankers were interviewed, Provident was chosen. Provident delivered. My clients could not be happier.”

  • “Provident’s depth of experience and practical business savvy was demonstrated in their ability to cut through what sometimes looked like impasse.”