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.
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.
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.