Tonka Bay Equity Partners has made an investment in United Skin Specialists, a provider of management services to dermatology practices in the Midwest. Tonka Bay partnered with Dr. Brian Zelickson, the CEO of United Skin Specialists, on this transaction.
The United Skin Specialists (USS) network provides medical and cosmetic dermatology care, including Mohs surgery (Mohs surgery, also known as chemosurgery, developed in 1938 by surgeon Frederic Mohs, is microscopically controlled surgery used to treat common types of skin cancer) and pathology. Tonka Bay plans to increase the USS network of offices and services through both acquisitions and organic growth.
Dr. Brian Zelickson and his father, Dr. Alvin Zelickson, currently provide dermatology services through multiple offices in the Minneapolis metro area under the Zel Skin & Laser Specialists brand. Services include laser therapies, microdermabrasion and vibradermabrasion, Botox, and chemical peels and dermal fillers (www.zelskin.com).
“Over the years our team of doctors and support staff has worked hard to develop a reputation of the highest quality medical care centered on the patient’s needs. We feel this partnership will allow us to focus even more on patient care and growth as USS provides management services to our practices,” said Dr. Brian Zelickson.
United Skin Specialists is Tonka Bay’s fourth platform investment in the practice management industry. Steve Soderling, a partner of Tonka Bay, is leading this investment and is a member of the USS board. “We have enjoyed being involved in the practice management industry for the past 15 years and are excited about the opportunity to work with a physician of Dr. Zelickson’s caliber in dermatology.”
Tonka Bay Equity Partners invests in manufacturing, value-added distribution and business services companies that have EBITDAs greater than $2 million. The firm is based in the Minneapolis suburb of Minnetonka (www.tonkabayequity.com).
© 2015 PEPD • Private Equity’s Leading News Magazine • 9-16-15