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M&A Deal Summary

Pharos Capital Group Acquires Sona Dermatology

On January 5, 2016, private equity firm Pharos Capital Group acquired healthcare services company Sona Dermatology

Acquisition Highlights
  • This is Pharos Capital Group’s 7th transaction in the Healthcare Services sector.
  • This is Pharos Capital Group’s 24th transaction in the United States.
  • This is Pharos Capital Group’s 1st transaction in North Carolina.

M&A Deal Summary
Date 2016-01-05
Target Sona Dermatology
Sector Healthcare Services
Buyer(s) Pharos Capital Group
Deal Type Buyout (LBO, MBO, MBI)

Target

Sona Dermatology

Charlotte, North Carolina, United States
Sona Dermatology combines medical/surgical dermatology with cosmetic dermatology services and a full-service medical spa in one center. Dermatology and MedSpa offer exceptional patient care with a team consisting of 11 board-certified dermatologists, one board-certified plastic surgeon, knowledgeable, devoted staff, and state-of-the-art clinical facilities including a surgery center. Sona Dermatology was founded in 1982 and is based in Charlotte, North Carolina.

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Buyer(S) 1

Buyer

Pharos Capital Group

Dallas, Texas, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1998
PE ASSETS 1.0B USD
Size Middle-Market
Type Sector Focused
DESCRIPTION

Pharos Capital Group is a private equity firm that provides later-stage equity funding to companies at or near cash-flow break even. Investment funds are typically used to support growth, acquisitions, management buyouts, or recapitalization. Pharos looks to commit $20 to $50 million per transaction. Target sectors include healthcare, business services, and technology. Pharos prefers US-based opportunities. Pharos Capital Group was formed in 1998 and is based in Dallas, Texas.

DEAL STATS #
Overall 25 of 39
Sector: Healthcare Services M&A 7 of 15
Type: Buyout (LBO, MBO, MBI) M&A Deals 8 of 18
State: North Carolina M&A 1 of 1
Country: United States M&A 24 of 38
Year: 2016 M&A 2 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-01-01 Family Treatment Network

Franklin, Tennessee, United States

Family Treatment Network is a complementary platform of child and adolescent behavioral health services businesses, including residential therapy centers, therapeutic day schools, home & community based outpatient programs, and other child and adolescent psychiatric treatment services. Family Treatment Network is based in Franklin, Tennessee.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-05-24 Beacon Specialized Living

Kalamazoo, Michigan, United States

Beacon Specialized Living provides behavioral healthcare through specialized residential adult foster care (AFC) facilities and community living service apartments in 30 locations across western and northern Michigan. The company serves developmentally disabled, mentally ill, and autistic adults, as well as those challenged with substance abuse, addiction, dementia, and Alzheimer’s, in a behavioral healthcare setting. Beacon Specialized Living was founded in 1998 and is based in Kalamazoo, Michigan.

Buy -
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