Forefront Dermatology, a portfolio company of Varsity Healthcare Partners, has acquired Premier Dermatology. The acquisition provides an entry point into Illinois for Forefront Dermatology, filling a gap in the company’s Midwest footprint.
Forefront Dermatology is one of the five largest dermatology practices in the United States and provides general, surgical and cosmetic dermatology services as well as laboratory services. The company’s network consists of 115 providers in more than 70 clinics across nine states, including Wisconsin, Michigan, Indiana, Illinois, Iowa, Kentucky, Minnesota, Missouri, and Ohio. Forefront Dermatology is led by its CEO Scott Bremen and the company is headquartered north of Milwaukee in Manitowoc, WI (www.forefrontdermatology.com).
Like Forefont, Premier Dermatology is also a provider of medical and surgical dermatology, cosmetic surgery, and a range of other aesthetic services and products. The company has six offices and is considered to be one of the larger providers of dermatology services in Illinois. Premier Dermatology is based in the Chicago exurb of Crest Hill, IL (www.pdskin.com).
Varsity Healthcare Partners is an investor in founder and/or entrepreneur owned companies that are active in the healthcare services sector and have from $5 million to $15 million of EBITDA. The firm was founded by David Alpern and Kenton Rosenberry and has offices in Los Angeles and Stamford (www.varsityhealthcarepartners.com).
The Healthcare & Life Sciences team of Brown Gibbons Lang & Company (BGL) was the exclusive financial advisor to Premier Dermatology on this transaction. BGL was founded in 1989 and has offices in Chicago and Cleveland, and real estate offices in Irvine and San Antonio (www.bglco.com).
© 2015 PEPD • Private Equity’s Leading News Magazine • 11-20-15