• J. Andrew Snyder

Geographic Opportunity Areas for Private Equity and Dermatology


This map shows the concentration of “available” practices that have not sold to private equity as of April 1, 2020. With only 11.5% of physician-owned dermatology practices reaching a transaction to-date, several key geographies have experienced a relatively low level of investment, yet they offer compelling opportunities.


Upper Midwest to Northeast – The core area stretching from Illinois to Massachusetts is relatively open. Yet, many opportunities exist here including ASC acquisitions in non-CON states. Hospital dominance can make some of these markets more challenging.


Southeast / Mid Atlantic – Climate, demographics and practice availability make this area a prime opportunity with a high concentration of dermatology practices. 88% of those practices are available.


Texas, Louisiana, Oklahoma Large, highly populated, and fast-growing, these states represent an excellent opportunity market. Texas alone has over 200 available practices.


Northern California and the Pacific NorthwestAn investor could be very successful in Arizona and California up through the Pacific Northwest. California has the highest number of dermatology practices in the U.S. and they are only 8% consolidated to-date



This article is an excerpt from our recently published White Paper: Dermatology and Private Equity State of the Market - Second Quarter 2020


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