Expands Dermatology and Mohs Surgery
Capabilities in Metro Jacksonville Market
PALM
BEACH GARDENS, Fla., July 10,
2024 /PRNewswire/ -- AQUA Dermatology ("AQUA" or "the
Company") announced today a new partnership with First Coast Mohs,
a Jacksonville, Florida-based
dermatology and skin cancer specialist group serving North Florida and Southern Georgia. AQUA, a leading provider of
comprehensive full-service dermatology services in the Southeast,
is backed by leading private equity firms Gryphon Investors and
GTCR.
First Coast Mohs will continue to be led by Dr.
Scott Warren, who founded the
practice in 2002 and will invest a portion of his proceeds into
AQUA. Additional financial terms of the transaction were not
disclosed.
"The First Coast Mohs partnership grows our presence in
Florida and specifically in the
Jacksonville area, where we'll now
have six locations in a thriving market," said Larry Kraska,
CEO of AQUA. "The need for specialized surgical techniques
will become even more important as baby boomers age and demand
life-saving skin cancer treatments. Dr. Warren and his team have a
stellar reputation and deep experience, having completed more than
40,000 Mohs surgeries, and we're excited to welcome them to the
AQUA family."
First Coast Mohs offers Mohs surgery, surgical and medical
dermatology, dermatopathology, cosmetic and laser treatments,
electrolysis and other aesthetic services from four
state-of-the-art facilities in metro Jacksonville. The First Coast Mohs team
features seven clinicians, including two Mohs surgeons, two board
certified dermatologists and three Advanced Practice Providers.
"Scott and the First Coast Mohs practitioners have a top-tier
clinical reputation, and we're proud to support their mission of
bringing high quality, affordable care to more patients," said Dr.
Ted Schiff, AQUA's Chief Medical
Officer. "The AQUA partnership strategy continues to deliver real
value for patients and doctors alike, especially in regions where
dermatology and skin cancer services are in high demand."
"First Coast Mohs shares the same vision and values as AQUA, and
we're confident that our partnership will allow us to spend more
time focused on patient outcomes and delivering the best care
possible," said Dr. Warren.
With First Coast Mohs, AQUA now has 78 locations in Florida, making it one of the leading
practices in the Southeastern U.S., with over 250 providers and 110
locations.
About AQUA Dermatology
AQUA Dermatology, headquartered
in Palm Beach Gardens, Florida, is
among the largest and most comprehensive full-service skin care
providers in the Southeast, offering Medical, Surgical and Cosmetic
Dermatology. For more than 25 years, the company has treated
patients of all ages suffering from skin diseases, acne, sun
damage, skin cancer, vein health issues, as well as those seeking
cosmetic and plastic surgery. AQUA has 110 locations in
Alabama, Florida, and Georgia and over 250 of the top clinicians in
the field.
About Gryphon Investors
Gryphon Investors
(https://www.gryphon-inv.com/) is a leading middle-market private
equity firm focused on profitably-growing and
competitively-advantaged companies in the Business Services,
Consumer, Healthcare, Industrial Growth, and Software sectors. With
approximately $9 billion of assets
under management, Gryphon prioritizes investments in which it can
form strong partnerships with founders, owners, and executives to
accelerate the building of leading companies and generate enduring
value through its integrated deal and operations business model.
Gryphon's highly-differentiated model integrates its well-proven
Operations Resources Group, which is led by full-time, Gryphon
senior operating executives with general management, human capital
acquisition and development, treasury, finance, and accounting
expertise. Gryphon's three core investment strategies include its
Flagship, Heritage, and Junior Capital strategies, each with
dedicated funds of capital. The Flagship and Heritage strategies
target equity investments of $50
million to $350 million per
portfolio company. The Junior Capital strategy targets investments
in junior securities of credit facilities, arranged by leading
middle-market lenders, in both Gryphon-controlled companies, as
well as in other private equity-backed companies operating in
Gryphon's targeted investment sectors.
About GTCR
Founded in 1980, GTCR is a leading private
equity firm that pioneered The Leaders Strategy™ – finding and
partnering with management leaders in core domains to identify,
acquire and build market-leading companies through organic growth
and strategic acquisitions. GTCR is focused on investing in
transformative growth in companies in the Business & Consumer
Services, Financial Services & Technology, Healthcare and
Technology, Media & Telecommunications sectors. Since its
inception, GTCR has invested more than $25 billion in
over 280 companies, and the firm currently manages $40 billion in equity capital. GTCR is based
in Chicago with offices in New York and
West Palm Beach. For more
information, please visit www.gtcr.com. Follow us on
LinkedIn.
Contact:
Lambert
Caroline Luz
203-570-6462
cluz@lambert.com
or
Jennifer Hurson
845-507-0571
jhurson@lambert.com
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SOURCE AQUA Dermatology