• Eric J. Yetter

Advanced Dermatology & Cosmetic Surgery - Buyer Spotlight

PE Firm

Audax Group (private equity) acquired Advanced Dermatology & Cosmetic surgery in 2012 - one of the first private equity investments in this current practice management wave. Audax has always been an early mover and continues to be one of the most active groups in this space. Its current investments include 42 North Dental, Axia Women's Health, Gastro Health, and United Urology Group.

Audax sold the company to private equity firm Harvest Partners (another healthcare services leader) in May 2016.

Activity & Geography

We consider Advanced Dermatology the largest private equity-backed dermatology practice management company. It has acquired groups on a fairly national basis with significant concentration in Florida (where it began acquiring practices before gaining private equity investment).

Almost all of the company's acquisitions are smaller practices with under ten providers - and a very significant amount have one or two physicians.

Transaction List (non exhaustive)

Colorado Dermatology Specialists; Denver, CO

Nielsen Dermatology; Boynton Beach, FL

Dermatology Associates of Montgomery; Montgomery, AL

Advanced Dermatology of Southern Maryland; Fort Washington, MD

Aesthetic Dermatology Center of Vero Beach; Vero Beach, FL

Coverman Dermatology; Altamonte Springs, FL

Oakland Dermatology Associates; Bloomfield Hills, MI

Dermatology Associates; East Greenwich, RI

Scottsdale Dermatology; Scottsdale, AZ

Castle Dermatology and Laser Center; Greeley, CO

Dermatology Associates of Colorado; Denver, CO

Robert M. Stiegel, MD; Beaver, PA

Louis H. Martone, MD; Pittsburgh, PA

Philadelphia Institute of Dermatology; Fort Washington, PA

Denver Skin Clinic; Denver, CO

Cambio Dermatology; Bokeelia, FL

Dermatology Clinic; Colorado Springs, CO

Fair Oaks Skin Care Center; Fair Oaks, VA

Kalamazoo Dermatology & Skin Cancer Center; Portage, MI

Vero Beach Dermatology, LLC; Vero Beach, FL

Coastal Dermatology & Skin Cancer Center; Port Charlotte, FL

Western Wyoming Dermatology & Surgery; Jackson, WY

Capital Dermatology; Alexandria, VA

Dermatology of Northern Colorado; Fort Collins, CO

Dermatology & Laser Institute of SW Florida; Venice, FL

Mid-Michigan Dermatology Clinic; Lansing, MI

Bay Area Dermatology; Traverse City, MI

Howard M. Goldman, MD; Philadelphia, PA

Towson Dermatology & Cosmetic Center; Towson, MD

Dermatology & Laser Center at Harvard Park; Denver, CO

Arizona Advanced Dermatology; Phoenix, AZ

Denver Dermatology Consultants; Denver, CO

Michael J. Redmond, MD; Livonia, MI

Deland Dermatology & Surgery; Deland, FL

Albany Dermatology Clinic; Albany, GA

Dermatology Associates of Northern Michigan; Petoskey, MI

Spencer Dermatology Skin Surgery Center; St. Petersburg, FL

Milstein Batta Dermatology; Philadelphia, PA

Fort Collins Skin Clinic; Fort Collins, CO

The Grekin Skin Institute; Southfield, MI

Bettencourt Skin Center; Henderson, NV

North Florida Dermatology Associates; Jacksonville, FL

Albergo Palm Harbor Dermatology; Palm Harbor, FL

Miramar Dermatology; Pembroke Pines, FL

Mason Dermatology; Mason, OH

Westside Dermatology; Spartanburg, SC

Clearwater Dermatologic & Aesthetic Institute; Clearwater, FL

Dermatology Associates of Northeast Florida; Palm Coast, FL

Dermatology & Cosmetic Center; Ft. Lauderdale, FL

Lakeland Dermatology; Lakeland, FL

Advanced Dermatology & Cosmetic Surgery; Maitland, FL (platform)

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