On May 29, DermCare Management, a portfolio company of New York-based private equity firm Hildred Capital Management, announced that it was expanding its presence in Texas with the acquisition of Longhorn Dermatology.
Longhorn Dermatology, located in Spicewood, Texas, is a locally owned, independent dermatology practice. It offers general dermatology, surgical and Mohs surgery and cosmetic services for the whole family. According to its website, the practice has two providers on staff.
DermCare Management is a physician practice management company with clinics in California, Florida and Texas. It was founded in 2017 as a group of five founding practices including 15 South Florida locations. It was purchased by Hildred Capital Management in October 2019.
Tinsley Medical Practice assisted Longhorn Dermatology in the sale. The financial terms of the acquisition were not disclosed.
According to data captured in the LevinPro HC database, this transaction marks the 219th Physician Medical Group acquisition of 2024. This is also DermCare Management’s second acquisition of the year; previously in May the company purchased two undisclosed dermatology practices in Texas.
