Dallas/Fort Worth, Tex., and Chicago, Ill. – October 12, 2016 – In a significant move to strengthen its network, Platinum Dermatology Partners, a physician management services organization, has announced a partnership with Dallas Associated Dermatologists. This collaboration marks Platinum Dermatology Partners’ entry into the Dallas market, teaming up with one of the region’s most respected and long-standing dermatology practices. This alliance aims to enhance patient care and fuel strategic growth for Dallas Associated Dermatologists by leveraging Platinum’s extensive resources and management expertise.
Dr. Jerald Sklar of Dallas Associated Dermatologists highlighted the positive implications of this partnership, stating, “Joining Platinum Dermatology Partners is a pivotal step forward for our patients, physicians, and dedicated staff. For over six decades, Dallas Associated Dermatologists has been committed to delivering exceptional dermatological care, attracting top-tier professionals, and fostering a patient-centric environment. This new alliance with Platinum positions us for accelerated expansion across Dallas/Fort Worth and into other key Texas cities. We envision both organic growth and strategic partnerships with like-minded physicians who share our commitment to superior patient care. Backed by Platinum’s experienced management team and robust capital resources, we are confident in our ability to elevate our services and reach even more patients. My partners, Dr. Mary Fleischli and Dr. Chris Crawford, share my enthusiasm for this exciting chapter.”
Founded on the principle of synergistic partnerships between management and physicians, Platinum Dermatology Partners offers a unique model that empowers dermatologists to maintain their practice identity and clinical autonomy while benefiting from comprehensive management support. Dallas Associated Dermatologists will retain control over all clinical decisions and maintain significant involvement in operational aspects. Furthermore, Platinum Dermatology Partners has established a Clinical Advisory Board, ensuring that physician expertise actively shapes the organization’s strategic and operational direction. This physician-centric approach is a core tenet of Platinum Dermatology Partners’ philosophy.
Greg DeAtkine, President and CEO of Platinum Dermatology Partners, brings over 20 years of experience in physician management services to the organization. His previous role as COO at U.S. Anesthesia Partners, where he contributed to significant company growth, underscores his expertise in the field. DeAtkine commented on the strategic importance of this partnership: “Partnering with Dallas Associated Dermatologists provides Platinum Dermatology Partners with a rapid and robust entry into the Dallas/Fort Worth market. Our growth strategy for North Texas encompasses targeted acquisitions, proactive physician recruitment, and the development of new state-of-the-art offices. We believe Platinum Dermatology Partners offers a compelling value proposition for dermatology practices seeking partnership. Our physician-centric model, which allows for continued physician ownership, combined with our deep understanding of physician services and Sterling Partners’ proven track record in healthcare investments, resonates strongly with dermatologists. This partnership approach is a key differentiator in the market and has been enthusiastically received by the dermatology community.”
Garrick Rice, Managing Director at Sterling Partners, the private equity firm supporting Platinum Dermatology Partners, emphasized the growth potential within the dermatology sector. “The dermatology market’s fragmentation presents substantial opportunities for consolidation and growth, particularly as independent practices navigate increasing operational complexities. The evolving reimbursement landscape and the emergence of aggregators in the dermatology space make Platinum Dermatology Partners an attractive solution for high-caliber, independent dermatology groups. Platinum Dermatology Partners and its growing network are valuable additions to Sterling Partners’ healthcare portfolio, offering essential solutions for healthcare providers in an increasingly intricate system.”
Dermatology practices interested in exploring partnership opportunities with Platinum Dermatology Partners are encouraged to contact Michael Pennington, VP of Strategy and Business Development, at [email protected].
About Platinum Dermatology Partners
Headquartered in Dallas, Platinum Dermatology Partners is dedicated to forming genuine partnerships with leading dermatology practices, fostering growth and promoting exceptional dermatology services. Platinum Dermatology Partners’ physician-centered management model empowers dermatologists to guide clinical care and practice culture while benefiting from Platinum’s business acumen, resources, and shared best practices network. As a comprehensive physician management services organization, Platinum offers unparalleled collaboration opportunities among elite dermatology professionals and practice expansion prospects that are often unattainable for independent practices. Platinum Dermatology Partners is supported by Sterling Partners, a private equity firm with over three decades of experience in investing in and developing prominent healthcare service companies nationwide.
