Schweiger Dermatology Group Expands PA Presence with New Deal

Schweiger Dermatology Group Expands PA Presence with New Deal

Schweiger Dermatology Group, a portfolio company of LLR Partners, is expanding out of its Northeast stronghold with an acquisition of a physician medical group in Pennsylvania. Dermatology & Skin Surgery Center will become a member of the company following the deal and adds 10 physicians to Schweiger’s network. The target physician group provides dermatologic treatments and dermatologic surgery with locations in Exton, Coatesville and Kennett Square, Pennsylvania. With 50 offices and approximately 150 healthcare providers in the New York metro area and Northeastern states, Schweiger Dermatology is looking for new markets to grow. In addition to this deal, the company... Read More »
LLR Partners Builds Eye Health Platform

LLR Partners Builds Eye Health Platform

With three acquisitions made, Philadelphia, Pennsylvania-based LLR Partners has formed Eye Health America, a practice management services organization initially focused on eye care practices in the southeastern United States. The three founding practices are Clemson Eye in Clemson, South Carolina; The Eye Associates with six clinics in and around Bradenton, Florida; and Piedmont Surgery Center, an AAAHC-accredited ambulatory surgery center providing ophthalmology, pain and ENT services in Greenville, South Carolina. Financial terms were not disclosed. All will continue to operate under their current brands. Rod Roeser, an industry executive with more than 20 yeas of experience in the eye... Read More »
Dermatology Deals Keep PE Platforms Growing

Dermatology Deals Keep PE Platforms Growing

The Physician Medical Group sector has been very busy in recent years, as hospitals and health systems acquire local practices that can produce referrals and private equity firms build platforms and make add-on deals. Dermatology practices aren’t coveted by hospitals, so it’s the private equity firms that are doing the collecting. In the first eight weeks of 2018, 17 deals for physician medical groups have been annouced, 10 in Janaury and seven in the first three weeks of February. The usual specialty practices were represented in that mix, with Mednax (NYSE: MD) adding a neonatology practice in California, Minnesota-based not-for-profit Fairview Health Services acquiring a... Read More »

PE Firms Flock to Dermatology Deals

Dermatology practices remain high on the list of healthcare sectors for private equity investors. Through mid-March, 2017, 12 deals targeting these practices have been announced by eight acquirers. All those acquirers are either private equity firms, or portfolio companies. Thanks to the private nature of these transactions, no financial terms have been publicly disclosed. Of the 17 dermatology deals announced in 2016, six acquirers were private equity firms and five were portfolio companies. Some big deals (even without disclosing prices) announced last year include Harvest Partners’ acquisition of Advanced Dermatology and Cosmetic Surgery from Audax Group, in May 2016. In October,... Read More »