Weighing the Potential Benefits and Risks of a Transaction

By Steve Grassa

The dermatology sector has experienced an unprecedented amount of consolidation activity in recent years, primarily driven by private equity investment in the space. The recent wave of private investment began in 2011 when Advanced Dermatology & Cosmetic Surgery completed a recapitalization with private equity firm, Audax Group. Since that initial investment, over two dozen additional private equity groups have invested into the specialty, creating a competitive environment for acquisitions with attractive valuation structures and robust transaction volume.  As a result, approximately 10% of dermatologists in the country practice medicine with an organization backed by private equity dollars.

To access the full article which was featured in the December/January issue of Executive Decisions in Dermatology , download the PDF.

Learn more about ADAM here.

  • ”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.”

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

  • “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.”

  • “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.”

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

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