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.
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.