Dermatology groups: who is PE-backed?
32 dermatology practice groups we have researched, grouped by label, with backers and sources.
PE-backed 29 Group practice 3
PE-backed 29 groups
A private-equity firm holds a majority or minority stake in the practice or in the company that manages it, including the PE arms of sovereign and pension funds. Partial stakes count.
| Group | Owner / backers | Since | Known locations |
|---|---|---|---|
| Advanced Dermatology & Cosmetic Surgery (ADCS) | Harvest Partners; Audax Private Equity and management | 2016 | 153 |
| Epiphany Dermatology | Leonard Green & Partners | 2022 | 142 |
| DOCS Dermatology Group (Dermatologists of Central States) | SkyKnight Capital | 2022 | 113 |
| Schweiger Dermatology Group | LNK Partners; LLR Partners and SV Health Investors; founder Dr. Eric Schweiger and physicians | 2018 | 108 |
| PhyNet Dermatology | Century Equity Partners; Ontario Teachers' Pension Plan | 2017 | 102 |
| Anne Arundel Dermatology | Ridgemont Equity Partners | 2020 | 101 |
| DermCare Management part of U.S. Dermatology Partners (combined Aug 2026) | Hildred Capital Management; Gemini Investors; physicians and management; others | 2019 | 100 |
| Platinum Dermatology Partners | Sun Capital Partners; Sterling Partners | 2022 | 83 |
| The Dermatology Specialists | Regal Healthcare Capital Partners | 2019 | 63 |
| Golden State Dermatology | Sorenson Capital | 2018 | 52 |
| AQUA Dermatology | Gryphon Investors; GTCR | 2021 | 49 |
| United Derm Partners | Frazier Healthcare Partners | 42 | |
| California Skin Institute part of Schweiger Dermatology Group | Schweiger investors | 2025 | 41 |
| Frontier Dermatology | A&M Capital via Frontier Derm Partners MSO | 41 | |
| Water's Edge Dermatology part of AQUA Dermatology | Gryphon Investors; GTCR | 2018 | 37 |
| Integrated Dermatology | Bregal Sagemount | 2023 | 36 |
| Riverchase Dermatology part of AQUA Dermatology | GTCR; Gryphon Investors | 2016 | 31 |
| Skin and Cancer Associates part of Platinum Dermatology Partners | Sun Capital Partners; Sterling Partners | 2023 | 19 |
| West Dermatology part of Platinum Dermatology Partners | Sun Capital Partners; Sterling Partners | 2020 | 17 |
| United Skin Specialists part of Schweiger Dermatology Group | Schweiger investors | 2024 | 9 |
| Dallas Associated Dermatologists part of Platinum Dermatology Partners | Sun Capital Partners; Sterling Partners | 2022 | 7 |
| Sanova Dermatology part of DOCS Dermatology Group | SkyKnight Capital | 2025 | 7 |
| Dermatology Treatment and Research Center part of DermCare Management | Hildred Capital Management | 1 | |
| Forefront Dermatology | Partners Group; OMERS Private Equity; physicians and management | 2022 | |
| Pinnacle Dermatology part of QualDerm Partners | BayPine | 2021 | |
| QualDerm Partners | BayPine | 2021 | |
| SkinCure Oncology | H.I.G. Capital | 2024 | |
| The DermDox Group | Seven Isles Capital | ||
| U.S. Dermatology Partners | Not disclosed | 2026 |
Group practice 3 groups
A multi-office group owned by its dentists, doctors or vets, or a clinician-owned co-op, with no outside investor.
| Group | Owner / backers | Since | Known locations |
|---|---|---|---|
| Dermatology Partners | Its doctors | 46 | |
| Affiliated Dermatology | Its doctors | 8 | |
| Westlake Dermatology & Cosmetic Surgery | Its doctors |
Groups whose owner we couldn’t confirm are left out. A group with no known locations may still operate many offices under local names.