- Headquartered in Newport Beach, California, WestDerm is a practice management group focused exclusively on dermatology
- Sun Capital acquired West Dermatology in February 2020
- Platinum was formed by a partnership between Sterling Partners and Dallas Associated Dermatologists in 2016
Sun Capital portfolio company West Dermatology and Sterling Partners portfolio company Platinum Dermatology Partners have merged. No financial terms were disclosed.
The combination of WestDerm, a group providing business support services to over 300 dermatology providers and Platinum, a dermatology group practice organization with a strong presence among many of the leading physicians in the fast-growing Texas and Arizona markets, creates company that will have more than 100 locations spanning the Southwestern U.S. and Southern California.
Daniel Florian, managing director at Sun Capital, was bullish about this merging.
“We are very excited by the opportunity to bring together two leading dermatology organizations highly focused on clinical excellence, with strong cultural and geographic synergies,” he said in a public statement. “Merging with Platinum will allow WestDerm to continue to accelerate its expansion, grow its footprint, and expand patient care. We expect the combined platform to lead the industry in clinical excellence, create the most attractive platform for dermatologists to partner with, and deliver the best patient care in dermatology.”
Sun Capital and WestDerm were represented by Cantor Fitzgerald, Edgemont Partners, and Kirkland & Ellis in the transaction, while Sterling and Platinum were represented by Houlihan Lokey, McDermott, Will & Emery, and Katten Muchin Rosenman.