Creates Largest Skin Cancer Surgical and Medical Facility in Alabama
Palm Beach Gardens, Florida, August 14, 2023 /PRNewswire/ — AQUA Dermatology (“AQUA” or the “Company”) today announced Birmingham, AlabamaBased in , True Dermatology provides skin cancer surgery and general dermatology services. AQUA is a leading provider of comprehensive full-service dermatology services in the Southeast and is backed by Gryphon Investors and his GTCR, a leading private equity firm. The practice will continue under the name “True Dermatology”. Financial terms of the transaction were not disclosed.
Doctor. Ted SchiffAQUA’s Chief Medical Officer said, “As AQUA strengthens its position as a leading provider of skin care services in the Southeast, we continue to seek experienced practitioners with advanced medical and surgical skills. True Dermatology Our partnership with AQUA will enable us to offer even more services.” Our growing network provides professional services to meet the ongoing skincare needs of more people. “
With 6 locations and 9 highly qualified and trained providers, true dermatology It primarily focuses on skin cancer surgery, reconstruction, and prevention statewide. Alabama. Led by Dr. Raj Patel, a double-board certified, fellowship-trained Morse Microscopy Surgeon, the clinic treats skin cancer and other skin conditions in patients of all ages. With the completion of the partnership with True Dermatology, AQUA now has 15 of his stores across the United States. AlabamaWith 245 providers and 104 locations, it is the largest dermatology clinic in the state and one of the leading dermatology clinics in the southeastern United States. Dr. Patel will invest a portion of his earnings in his AQUA and will remain with the company along with his staff.
“We are delighted to welcome Dr. Patel and a true dermatology and dedicated clinician to AQUA and look forward to supporting them in our joint effort to provide high quality, patient-centered care.” said. Larry Kraska, CEO of AQUA. “Their addition strengthens AQUA’s ability to meet the strong demand for quality medical and surgical services in this key market.”
Dr. Patel said, “My colleagues and I are delighted to join AQUA as we share our mission to provide cutting-edge personal care.” And I believe it will improve care options.” For patients, this is a very important goal for us. “
The transaction will be the company’s third additional acquisition in 2023.
About Aqua Dermatology
Aqua Dermatology, Headquarters: Palm Beach Gardens, Floridais one of the Southeast’s largest and most comprehensive full-service skin care providers, offering medical, surgical and cosmetic dermatology. For over 25 years, he has treated patients of all ages suffering from skin conditions, acne, sun damage, skin cancer, venous health problems, as well as those seeking cosmetic and plastic surgery. Ta. AQUA has 104 stores in Japan. Alabama, floridaand Georgia 245 of the top clinicians in the field will participate.
About Gryphon Investors
Griffon Investor (www.gryphoninvestors.com) is a leading private equity firm focused on companies that work with management teams to profitably grow and strengthen their competitive edge.the current December 31, 2022the company is over $8.9 billion Total assets under management. Griffon Target to invest in stocks $50 million To $300 million enterprise value of about $100 million To $600 million. Griffon We prioritize investment opportunities that allow us to form strong partnerships with founders, owners and management teams to build premier companies. Griffon’s capital, specialized professional resources and operational expertise.
Founded in 1980, GTCRMore is a leading private equity firm pioneering The Leaders Strategy™. It identifies, acquires and builds market-leading companies through organic growth and strategic acquisitions by discovering and collaborating with core business leaders. GTCRMore focuses on investing in the innovative growth of companies in the business and consumer services, financial services and technology, healthcare and technology, media and telecommunications sectors. Since its founding, GTCRMore has invested over $25 billion in more than 270 companies and currently manages over $35 billion of equity capital. GTCRMore Based in Chicago, with offices in New York. West Palm Beach. Learn more about. www.gtcr.com.follow me LinkedIn.
Source Aqua Dermatology