#USA #Charlotte #Physician Growth Partners #DOCS Dermatology #Charlotte Dermatology

Charlotte Dermatology's Strategic Partnership with DOCS Dermatology Group

Physician Growth Partners (PGP), a top-tier investment banking and M&A advisory firm in the healthcare sector, has successfully guided Charlotte Dermatology in forming an alliance with DOCS Dermatology Group. This noteworthy transaction underscores PGP's prominence in the dermatology arena, being the 18th group they have advised since 2018, spanning across 11 different states.

Strengthening Market Position and Expanding Services

Founded in 1939, Charlotte Dermatology is a cornerstone of dermatological care in the Greater Charlotte area, boasting a rich history and an expansive network with eight locations, including one in Myrtle Beach, South Carolina. The partnership with DOCS Dermatology Group, which is supported by SkyKnight Capital, aims to enhance Charlotte Dermatology's operational infrastructure and broaden its service offerings. By joining forces, both entities look to reinforce their market leadership and extend their geographical reach.

Dr. Gary Slaughter, Jr., a partner and dermatologist at Charlotte Dermatology, expressed satisfaction with the collaboration process. He highlighted PGP's commitment to understanding the clinic’s specific goals, stating, "We interviewed many investment bankers and advisors, but PGP stood out for their dedication."

A Personalized Approach

Unlike previous experiences the doctors had with other bankers, where interactions felt transactional, PGP ensured that the service was personalized and thoughtful throughout the partnership negotiation. Dr. Slaughter noted, “The only bittersweet moment was when they exceeded all our expectations, and it was time to move on to the next chapter of our success.”

Michael Kroin, CEO and Managing Partner at PGP, also commented on the favorable outcome of this partnership. He remarked, "Their strong, longstanding reputation attracted interest from various potential partners. Ultimately, the collaboration with DOCS offered the best opportunities for growth without compromising patient care."

Industry Leadership and Future Aspirations

Physician Growth Partners has built a reputation for supporting independent physician groups in exploring strategic partnerships and private equity opportunities. Since its inception in 2017, PGP has advised over 70 practices, becoming the most active M&A advisor in this sector by deal volume. Their expertise contributes significantly to creating value through strategic positioning, operational support, and sell-side advisory services.

As Charlotte Dermatology embarks on this new journey with DOCS Dermatology Group, both organizations will continue to provide exceptional dermatological care while innovating their service offerings. The alliance is set to not only fortify their leadership position in dermatology but also enhance patient experiences significantly.

Conclusion

This partnership reflects a vital trend in the healthcare industry; as independent practices seek to navigate evolving market conditions, the guidance of firms like Physician Growth Partners becomes invaluable. With ongoing support, Charlotte Dermatology is well-positioned to thrive, ensuring its long-standing commitment to quality patient care. For more information about Physician Growth Partners, their advisory services continue to be a key resource for practices looking to enhance their operational success and growth potential.

For further details, you can visit Physician Growth Partners' website.