PGP Advises Charlotte Dermatology in its Affiliation with DOCS Dermatology Group
The transaction marks the 18th dermatology group advised by PGP since 2018 across 11 states, supporting its position as the leading advisor and advocate for independent dermatologists as they explore private equity and strategic partnerships
CHICAGO, IL March 12, 2025 – Physician Growth Partners (“PGP”), a leading healthcare investment banking and M&A Advisory firm, is pleased to announce it recently advised Charlotte Dermatology, a leading comprehensive dermatology practice, on its partnership with DOCS Dermatology Group (backed by SkyKnight Capital).
Founded in 1939, Charlotte Dermatology is one of the longest-standing and most trusted dermatology practices in the Greater Charlotte area. Over the years, it has grown into a leading dermatology provider with eight locations across the greater Charlotte market and Myrtle Beach, SC. Through its partnership with DOCS Dermatology Group, Charlotte Dermatology aims to strengthen its operational infrastructure, expand its service offerings, broaden its geographic reach, and further solidify its market leadership.
Dr. Gary Slaughter, Jr., Dermatologist and Partner of Charlotte Dermatology, commented on the successful outcome: “We interviewed many investment bankers and advisors, but PGP stood out for their dedication to the goals we set. My past experiences with bankers often felt purely transactional and impersonal — but PGP was different. They provided thoughtful, personalized service every step of the way. The only bittersweet moment was when they exceeded all our expectations, and it was time to move on to the next chapter of our success.”
Physician Growth Partners served as the exclusive advisor to Charlotte Dermatology in its evaluation, negotiation, and execution of this partnership.
“I’m extremely pleased with the outcome for Charlotte Dermatology,” stated Michael Kroin, CEO & Managing Partner at PGP. “Their strong, longstanding reputation in the Greater Charlotte area attracted interest from several potential strategic partners. After weighing all the options, it was clear that partnering with DOCS Dermatology Group offered the best opportunity to accelerate their growth while allowing the physicians to keep delivering the outstanding care their patients are accustomed to. Our team at PGP is grateful to have played a key role in helping the broader group navigate the practice sale exploration process and we look forward to seeing this strategic collaboration drive the practice forward.”
About Physician Growth Partners
Physician Growth Partners is a nationally recognized healthcare investment banking and M&A Advisory firm dedicated to helping independent physician groups and owners of healthcare services businesses explore and execute transactions with private equity and strategic partners. PGP is the most active M&A Advisor to independent physician groups1 by deal volume since its founding in 2017, advising 70+ practices in successful transactions. The firm creates value by providing proprietary market insights, operational support, strategic positioning, and sell-side M&A Advisory services from start to finish.
1 LevinPro HC data platform www.levinassociates.com
