# How Private Equity Is Buying Up Dermatology Practices

Page: https://stenobird.com/podcast/the-buyout-show-with-fexingo-private-equity-roll-ups-and-business-acquisitions-7871630/how-private-equity-is-buying-up-dermatology-practices-2
Text version: https://stenobird.com/podcast/the-buyout-show-with-fexingo-private-equity-roll-ups-and-business-acquisitions-7871630/how-private-equity-is-buying-up-dermatology-practices-2.md
Podcast: [The Buyout Show with Fexingo: Private Equity, Roll-Ups, and Business Acquisitions](https://stenobird.com/podcast/the-buyout-show-with-fexingo-private-equity-roll-ups-and-business-acquisitions-7871630)
Published: 2026-06-25T16:48:29+00:00
Episode link: https://audio.fexingo.com/business/the-buyout-show/episode-0074.mp3
Audio file: https://audio.fexingo.com/business/the-buyout-show/episode-0074.mp3
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JSON: https://stenobird.com/v1/public/podcasts/the-buyout-show-with-fexingo-private-equity-roll-ups-and-business-acquisitions-7871630/episodes/how-private-equity-is-buying-up-dermatology-practices-2
Duration seconds: 463

## Resource

Private equity has been quietly consolidating dermatology for years, but the pace has accelerated dramatically. In this episode, Lucas and Luna examine the roll-up strategy behind U.S. Dermatology Partners, one of the largest PE-backed dermatology platforms, and break down the economics: why dermatology offers recession-resistant recurring revenue, high margins, and a fragmented market of 11,000 independent practices. They discuss the role of mid-level providers, the tension with referring physicians, and whether patients actually benefit. Specific numbers include the 40 percent EBITDA margins typical of mature dermatology clinics and the 8 to 12 times EBITDA multiples PE firms are paying. If you've ever wondered why your dermatologist suddenly has a new logo on the door, this episode explains what's happening behind the scenes. #PrivateEquity #Dermatology #RollUps #HealthcareInvesting #USDermatologyPartners #PEBackedPlatforms #FragmentedMarkets #Consolidation #EBITDA #MidLevelProviders #PhysicianPracticeManagement #RecessionResilient #BusinessAcquisitions #TheBuyoutShow #FexingoBusiness #BusinessPodcast #HealthcareConsolidation #DermatologyPractice Keep every episode free: buymeacoffee.com/fexingo

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