33
JOINT
VENTURES
27 PE firms investing in dermatology practices &
ASCs — Goldman Sachs, Waud Capital & more
By Angie Stewart
P
rivate equity firms oen create subsid-
iaries to acquire and operate derma-
tology practices and surgery centers,
according to PhysiciansFirst Healthcare
Partners.
Twenty-seven PE firms to know, along with
their practice management companies:
1. Waud Capital:
Adult & Pediatric Dermatology
(Marlborough, Mass.)
2. Harvest Partners:
Advanced Dermatology and Cosmetic
Surgery (Maitland, Fla.)
3. NMS Capital:
Anne Arundel Dermatology
(Linthicum, Md.)
4. Goldman Sachs:
California Skin Institute (Mountain View)
5. Sheridan Capital Partners:
Dermatologists of Central States (Cincinnati)
6. Gemini Investors:
DermCare Management (Hollywood, Fla.)
7. CI Capital Partners:
Epiphany Dermatology (Austin, Texas)
8. OMERS:
Forefront Dermatology (Manitowoc, Wis.)
9. BelHealth Investment Partners:
NavaDerm Partners (New York City)
10. Ontario Teachers' Pension Plan/Century
Equity Partners:
PhyNet Dermatology (Nashville, Tenn.)
11. Chicago Pacific Founders:
Pinnacle Dermatology (Lombard, Ill.)
12. Sterling Partners:
Platinum Dermatology Partners (Dallas)
13. Lead Capital:
Preferred Dermatology Partners
(McKinney, Texas)
14. Cressey & Co.:
Qualderm Partners (Brentwood, Tenn.)
15. GTCR:
Riverchase Dermatology and Cosmetic
Surgery (Fort Myers, Fla.)
16. Spindletop Capital:
Sanova Dermatology (Austin)
17. LLR:
Schweiger Dermatology Group
(New York City)
18. WCAS:
Select Dermatology (Dallas)
19. Susquehanna Private Capital:
Skin and Cancer Associates and e Center
for Cosmetic Enhancement (Plantation, Fla.)
20. Pharos Capital Group:
Sona Dermatology & MedSpa
(Charlotte, N.C.)
21. Alpine:
Summit Dermatology Partners
(San Francisco)
22. Riverside:
tricenna (West Orange, N.J.)
23. Frazier Healthcare Partners:
United Derm Partners (Brentwood)
24. Tonka Bay:
United Skin Specialists (Plymouth, Minn.)
25. Abry Partners:
U.S. Dermatology Partners (Dallas)
26. Gryphon Investors:
Water's Edge Dermatology (Palm Beach
Gardens, Fla.)
27. Enhanced Healthcare Partners:
West Dermatology (Newport Beach, Calif.) n
Compass Surgical Partners'
joint venture ASC serves
3,000+ patients in 1st year
By Angie Stewart
Stuart (Fla.) Surgery Center treated 3,000-plus
patients since opening its doors in April 2018.
Three insights on its one-year anniversary:
1. Raleigh, N.C.-based Compass Surgical Partners
partnered with Stuart-based Martin Health System
and five MHS gastroenterologists to open the
freestanding ASC.
2. The facility was formerly a multispecialty surgery
center. It was repurposed to accommodate endos-
copy procedures.
3. Stuart Surgery Center is MHS' first freestanding,
gastroenterology-focused center in Stuart and
Martin County, Fla., as well as MHS' primary outpa-
tient endoscopy location. n
Mount Sinai, Merritt Healthcare
seeking CON for $10.2M GI-
focused ASC — 5 insights
By Eric Oliver
N
ew York City-based
Mount Sinai Ambula-
tory Ventures and
Ridgefield, Conn.-based
Merritt Healthcare applied for
a certificate of need to build a
$10.2 million, gastroenterolo-
gy-focused ASC, according to
the submitted application.
What you should know:
1. If approved, the New York
City-based ASC will have
four procedure rooms and
multiple recovery areas.
2. Forty-two Mount Sinai
Health System gastroenter-
ologists would utilize the
center.
3. Physicians expect to per-
form 8,986 cases in the ASC's
first operational year.
4. Mount Sinai plans to own
85 percent of the ASC, and
Merritt would own 15 percent.
5. The ASC would have a
transfer agreement with New
York City-based St. Luke's-
Roosevelt Hospital Center. n
