DC Advisory announced on January 27 that it advised H.I.G Capital on the sale of Core Dermatology to VitalSkin Dermatology.
Originally founded in 1973, Core Dermatology is a provider of comprehensive dermatology services with a strong presence in Illinois and Iowa. There are 11 physicians on staff.
Based in Urbana, Illinois, VitalSkin Dermatology is a dermatology and aesthetics practice management firm with a focus on the Midwest. It is a portfolio company of Armory Capital.
In the original press release, DC Advisory noted that this transaction represents the company’s 19th healthcare transaction completed by the U.S. Healthcare team since January 2024.
This is VitalSkin Dermatology’s first acquisition since 2020.
According to data captured in the LevinPro HC database, this transaction represents the 43rd Physician Medical Group (PMG) acquisition of 2026, and the second in the dermatology specialty. There were 521 PMG transactions reported in 2025, and 32 in the dermatology market.
