Platinum Dermatology Partners has acquired Center for Dermatology & Plastic Surgery, an Arizona-based dermatology practice. No financial terms were disclosed. Platinum is backed by Sterling Partners.
February 13, 2018 – Sterling Partners-backed Platinum Dermatology Partners (“Platinum”) announced today the addition of Phoenix’s Center for Dermatology & Plastic Surgery (“CDPS”) to its network. This is the first dermatology group to join Platinum outside of the Houston and Dallas markets.
“We are extremely excited about our partnership with CDPS and proud to be affiliated with their outstanding clinicians and support staff,” says Greg DeAtkine, CEO of Platinum. “Seeing our model resonating with physicians in new markets is rewarding and further reinforces our differentiation and the replicability of our model in new geographic areas.”
Platinum is a dermatology-focused management services organization that enables physician business owners to aggregate and collaborate through an all-physician Clinical Advisory Board while maintaining ownership and autonomy over their practices. In the last 12 months, Platinum has partnered with 10 practices in Dallas, Houston and now the Phoenix metropolitan area.
With 21 providers across eight locations in the Phoenix metro area, CDPS is one of the largest dermatology practices in Arizona and provides Platinum with a substantial presence in the region. CDPS offers a comprehensive suite of dermatological and surgical services to patients through general and cosmetic dermatology, dermatopathology, and a broad array of surgical specialties.
Sterling Partners has made control, growth investments in companies within healthcare services for over 30 years. “We remain committed to serving as a premiere growth partner to healthcare organizations across subsectors and continue to believe the best clinical outcomes are achieved through partnership and alignment between management, physicians and technology. Platinum is a shining example of a company committed to delivering solutions for healthcare providers and patients in a complex system and we are proud of their momentum and impact,” said Steven Taslitz, Chairman, Sterling Partners.
About Sterling Partners
Sterling Partners is a private equity firm with a distinct point of view on how to build great companies. Founded in 1983 and having invested billions of dollars, Sterling is guided by its stated purpose, INSPIRED GROWTH®, which describes Sterling’s approach to investing in differentiated businesses and growing them in inspired ways. Sterling provides valuable support to the management teams of the companies in which the firm invests through a deep and dedicated team of professionals, including a strong network of outside directors and advisors. The people at Sterling believe in ideas and ideals, in people and in partnerships that drive long-term success. For more information, visit: www.sterlingpartners.com.
About Platinum Dermatology Partners
Platinum Dermatology Partners builds true partnerships with highly reputable dermatology practices to empower growth and best-in-class dermatology services. Through Platinum’s differentiated, physician-centered model, physicians drive clinical care and their practice culture, while benefiting from the business expertise, resources and shared best practices available through the Platinum network. As a comprehensive physician management services organization, Platinum offers collaboration among top-notch dermatology professionals and practice growth opportunities unmatched in an independent practice.