AQUA Dermatology has announced its acquisition of Sunrise Dermatology and Skin Cancer Surgery Center. The financial terms of the acquisition were not disclosed.
Sunrise Dermatology and Skin Cancer Surgery Center is a Mobile, Alabama-based general dermatology and Mohs surgery practice with a focus on skin cancer diagnosis and treatment. According to its website, the practice has three physicians on staff and has a support staff of four employees.
AQUA Dermatology, headquartered in Palm Beach Gardens, Florida, is among the largest and most comprehensive full-service skin care providers in the Southeast, offering medical, surgical and cosmetic dermatology. AQUA Dermatology was formed in 2021 through the merger of Water’s Edge Dermatology and Riverchase Dermatology. AQUA is owned by leading middle-market private equity firms Gryphon Investors and GTCR.
With this transaction, AQUA now has 17 locations in Alabama. AQUA is one of the largest dermatology practices in the state and one of the leading practices in the Southeastern United States, with more than 250 providers and 106 locations.
According to data captured in the LevinPro HC database, this deal represents the 388th Physician Medical Groups transaction of the year, 18 of them in the dermatology specialty. This is also AQUA Dermatology’s third acquisition of 2023.
