Physician Growth Partners advises MetroDerm PC in

CHICAGO, July 22 12, 2022 (GLOBE NEWSWIRE) — Physician Growth Partners (“PGP”) is pleased to have advised MetroDerm PC (“MetroDerm”), in its recent partnership with United Derm Partners (“UDP”), a private equity firm -investment dermatology platform and portfolio company of Seattle-based Frazier Healthcare Partners. This transaction represents United Derm Partners’ entry point into Atlanta and the southeastern United States.

MetroDerm is led by CEO and Founder Dr. Diamondis Papadopoulos, Chief Operating Officer Dr. Amy Kim, and six other physician shareholders. Since its founding in 2003, MetroDerm has become the leading provider of dermatology and plastic surgery services in the greater Atlanta market. Its more than 30 providers provide comprehensive care across an expansive footprint that includes five clinical sites and two plastic surgery centers.

UDP will provide the resources and expertise necessary to enable MetroDerm to accelerate its recent rapid growth through continued geographic expansion, vendor recruitment, service expansion and other strategic growth initiatives. PGP served as exclusive transactional advisor to MetroDerm throughout the transaction process, which included developing a concise overview of the firm’s finances and operations, creating a marketing package to highlight its key strengths and growth opportunities for potential buyers, as well as the negotiation of the final agreement. .

MetroDerm’s Dr. Diamondis Papadopoulos said, “Michael Kroin and PGP have been an invaluable guide and a much-needed participant throughout the transaction process. Their tireless commitment and support and candid advice to both parties/parties to the transaction ultimately led to its success. Through their efforts, all participants came to the conclusion that this was a fair and mutually beneficial merger.

Dr. Amy Kim of MetroDerm added, “We are so grateful to have had physician growth partners by our side through this difficult process of finding the right partner. Michael Kroin and PGP had both the leadership and the integral market experience to guide us from start to finish. They understood what kind of merger and partnership we were looking for, and they greatly improved our ability to represent ourselves in the best possible way. Ultimately, working with PGP allowed us to achieve our most desirable outcome.

Michael Kroin, Managing Partner of PGP, added, “It was an honor to advise MetroDerm shareholders on this transaction with United Derm Partners. From the outset, we were excited about the practice that Dr. Papadopoulos and his team have built over 20 years. Our team is beyond thrilled with the outcome of this process, and we look forward to seeing MetroDerm thrive alongside United Derm Partners.

About Physician Growth Partners
Physician Growth Partners is one of the most active national healthcare consulting firms dedicated to representing physician platforms in transactions with investment capital.

www.physiciangrowthpartners.com


        

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