Spindletop Capital Management recently established a derm platform under the name Sanova Dermatology and did it in a BIG WAY. The private equity firm brought together leading Austin-area and southern dermatologists to provide high-quality patient care. Spindletop's 8 acquisitions now fly under the Sanova flag. They include:
- Sanova Dermatology
- Austin Dermatology Associates
- Steiner Ranch Dermatology
- Pflugerville Dermatology and Aesthetic Center
- The Austin Institute for Clinical Research
- Practice of Bonnie Furner, MD
- DermaSurgery Center
- Old Metairie Dermatology
The practice boasts 20 providers in the key Texas areas of Austin, San Antonio as well as Louisiana cities: New Orleans, Baton Rouge, and Lafayette.
The business will be led by CEO Scott Burns and Dr. Ted Lain who shared the benefits of the new dermatology practice management platform:
"We now have the expert resources of a team of billing, marketing, and insurance experts to help prioritize customer service and handle the administrative headaches that bog down most private practice physicians today."
>>Read more
Skin & Cancer Associates (SCA), a group dermatology practice, boasts 5 locations throughout Florida. Following a recent partnership with Philadelphia area Susquehanna Private Capital LLC, SCA is now focused on going national.
The Ft. Lauderdale-based practice management organization with 80 professionals will continue with current leadership, Dr. Reuven Porges, CEO. >>Read more
ADCS (Advanced Dermatology and Cosmetic Surgery) increased its Midwest presence with another acquisition in Michigan. Oakland Dermatology Associates (Bloomfield Hills, MI) owned by Dr. Neldagae Chisa is now part of the ADCS family. She has been providing patients with derm care for over 50 years.
With the addition of Dr. Chisa's practice, ADCS now features 6 offices in the Detroit metro area. The Florida-based platform derm practice was founded in 1989. With numerous acquisitions over the last several years, the practice boasts 180 locations in 12 states.
Related:
ADCS Focus on Michigan
A Win for Bernie..A Clinic for ADCS
ABRY-backed Dermatology Associates headed north for its latest acquisition -Texoma Dermatology Clinic. The long established clinic, Texoma, offers dermatologic care in northern Texas and southern Oklahoma. Clinics are located in Sherman and Paris, Texas. >>Read more
Reference:
Dermatology Associates quick to pick up 5
It didn't take Dermatology Associates long... Soon after ABRY's May acquisition, the derm practice management organization scooped up 5 Texas practices. With ABRY's backing, Dermatology Associates appears ready & able to continue its expansion beyond its current footprint (Texas, Kansas, Missouri).
Newly acquired practices include:
- Highland Dermatology - Dallas, TX
- Southwest Cosmetic Dermatology Associates - Fort Worth, TX
- Skin and Laser Surgery Associates - Pasadena, TX (Houston area)
- Medical Arts Dermatology -Corsicana & Waxahachie, TX (Dallas area)
- Powell Dermatology - Sugar Land, TX (Houston area)
>>Read More
On the heels of an April investment by LLR Partners, the Schweiger Dermatology Group continues its expansion. In May, New York City Mohs surgeon and skin cancer expert David Kreigel, M.D. and his staff from the Manhattan Center for Dermatology joined the derm platform business.
Dr. Eric Schweiger owns and operates over 20 locations in the greater New York area. The newest Schweiger location is on Long Island with the acquisition of Dr. Frank Demento's practice mid-June. Schweiger Dermatology Group providers offer advanced treatments and accommodations for all medical dermatology concerns with a focus on customer service. >>Read more about the recent practice acquisitions of Dr. Kriegel and Dr. Demento.
Related:
Derm Platform Secures Funds to Grow
Sona MedSpa is the first acquisition by Pharos Capital's new platform, Dermatology and MedSpa, Inc. The platform company (formerly The Dermatology Center) offers a suite of medical, surgical and cosmetic dermatology services in the Maryland/D.C. area. The "Sona" acquisition quickly expands the provider's footprint by 5 states and complements the business with cosmetic derm offerings. Appears that the first add-on is first rate in terms of potential growth. >>Read more
The team at ADCS continues its push into western states with the latest acquisition in northern Colorado (Ft. Collins). Florida-based Advanced Dermatology and Cosmetic Surgery boasts over 100 clinics, primarily in the southeast. With the Fort Collins Skin Clinic acquisition, the nationwide derm platform adds 11 more Colorado locations to its office list. >>Read more
Related:
Derm Platform Continues Buying Spree
Nationwide Derm Practice Adds Midwest Clinic
Spindletop Capital Management recently established a derm platform under the name Sanova Dermatology and did it in a BIG WAY. The private equity firm brought together leading Austin-area and southern dermatologists to provide high-quality patient care. Spindletop's 8 acquisitions now fly under the Sanova flag. They include:
