Charlotte Dermatology, DOCS Dermatology Group Partner, With PGP as Advisor

Physician Growth Partners (PGP) announced it recently advised Charlotte Dermatology 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, with eight locations. 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, according to a press release.

"We interviewed many investment bankers and advisors, but PGP stood out for their dedication to the goals we set,” Gary Slaughter Jr., MD, Partner of Charlotte Dermatology, said in the press release. “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."

PGP 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," Michael Kroin, CEO and Managing Partner at PGP, said in the press release. "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."