Forefront Dermatology, a portfolio company of Varsity Healthcare Partners, has acquired Premier Dermatology. No financial terms were disclosed. Brown Gibbons Lang & Company advised Premier Dermatology on the transaction. Based in Crest Hill, Illinois, Premier Dermatology is a dermatology practice.
CHICAGO, Nov. 20, 2015 /PRNewswire/ — Brown Gibbons Lang & Company (BGL) is pleased to announce the closing of a transaction between Premier Dermatology and Forefront Dermatology, resulting in the addition of Premier’s six Illinois based dermatology clinics to Forefront’s Midwest dermatology network. BGL’s Healthcare & Life Sciences team served as the exclusive financial advisor to Premier Dermatology in the transaction. The specific terms of the transaction were not disclosed.
Based in Crest Hill, Illinois, Premier Dermatology (PD) is one of the largest independent dermatology practices in Illinois. The full-service practice consists of ten providers in six offices and offers an integrated suite of services, including medical and surgical dermatology, cosmetic surgery, and a diverse set of aesthetic services and products.
Forefront Dermatology (FF) is one of the five largest dermatology practices in the United States. Headquartered in Manitowoc, Wisconsin, the FF network consists of 115 providers in more than 70 clinic locations across nine states, including Wisconsin, Michigan, Indiana, Illinois, Iowa, Kentucky, Minnesota, Missouri, and Ohio. The addition of PD provides an entry point into Illinois, filling a gap in FF’s Midwest footprint. Forefront Dermatology is a portfolio company of Varsity Healthcare Partners, a healthcare-focused private equity firm.
About Brown Gibbons Lang & Company
Brown Gibbons Lang & Company is a leading independent investment bank serving the middle market. BGL specializes in mergers and acquisitions advisory services, debt and equity placements, financial restructuring advice, and valuations and fairness opinions, with global industry teams in Consumer Products & Retail Services, Environmental & Energy Services, Healthcare & Life Sciences, Human Capital Management Outsourcing, Industrials, and Real Estate. BGL has offices in Chicago and Cleveland and real estate offices in Chicago, Cleveland, Irvine, and San Antonio, in addition to Global M&A partner offices in more than 50 countries across 5 continents, which allows us to deliver to our clients unparalleled access to corporations, investors, and opportunities globally. For more information, please visit www.bglco.com.