M&A Deal Summary

Schweiger Dermatology Group Acquires United Skin Specialists

On January 9, 2024, Schweiger Dermatology Group acquired healthcare services company United Skin Specialists from Tonka Bay Equity Partners

Acquisition Highlights
  • This is Schweiger Dermatology Group’s 20th transaction in the Healthcare Services sector.
  • This is Schweiger Dermatology Group’s 21st transaction in the United States.
  • This is Schweiger Dermatology Group’s 1st transaction in Minnesota.

M&A Deal Summary

Date 2024-01-09
Target United Skin Specialists
Sector Healthcare Services
Buyer(s) Schweiger Dermatology Group
Sellers(s) Tonka Bay Equity Partners
Deal Type Add-on Acquisition

Target

United Skin Specialists

Plymouth, Minnesota, United States
United Skin Specialists is a provider of practice management services to a variety of well-established dermatology offices. USS’s goal is to enable successful dermatology practices in maintaining and expanding their patient oriented dermatologic services while creating a great work environment for the providers and their support staff. United Skin Specialists was established in 2015 and is based in Plymouth, Minnesota.

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Buyer(S) 1

Buyer

Schweiger Dermatology Group

New York, New York, United States

Category Company
Founded 2010
Sector Healthcare Services
DESCRIPTION

Schweiger Dermatology Group is a provider of medical, cosmetic and surgical dermatology services in New York and New Jersey. The Company provides advanced treatments for all skincare needs and offers unique patient benefits including same-day scheduling. Schweiger Dermatology Group was founded in 2010 and is based in New York City.


DEAL STATS #
Overall 21 of 23
Sector (Healthcare Services) 20 of 22
Type (Add-on Acquisition) 19 of 21
State (Minnesota) 1 of 1
Country (United States) 21 of 23
Year (2024) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-12-18 Millburn Laser Center

Millburn, New Jersey, United States

Millburn Laser Center is a highly-trained Board Certified Dermatologists provides superior skin care to adult and pediatric patients for all conditions and diseases of the skin, hair, and nails. Millburn Laser Center is based in Millburn, New Jersey.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-10-23 ClearlyDerm

Boca Raton, Florida, United States

ClearlyDerm is a dermatology center specializing in medical, surgical, pediatric, and cosmetic dermatology. ClearlyDerm was founded in 2011 and is based in Boca Raton, Florida.

Buy -

Seller(S) 1

SELLER

Tonka Bay Equity Partners

Minnetonka, Minnesota, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1998
PE ASSETS 560M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Tonka Bay Equity Partners is a Midwest US-based private equity firm that targets control and non-control investments in manufacturing, business services, and value-added distribution companies with at least $2 million of EBITDA. Tonka Bay will consider a variety of transaction situations, including management buyouts, shareholder liquidity events, recapitalizations, and expansions. Tonka Bay Equity Partners was formed in 1998 and is based in Minnetonka, Minnesota.


DEAL STATS #
Overall 23 of 24
Sector (Healthcare Services) 5 of 5
Type (Add-on Acquisition) 11 of 12
State (Minnesota) 7 of 8
Country (United States) 23 of 24
Year (2024) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-09-07 Corporate Technologies

Minneapolis, Minnesota, United States

Corporate Technologies is a provider of managed IT solutions for businesses and institutions in Minnesota, North Dakota, Idaho, Southern California, West Michigan, and New Jersey. Corporate Technologies was founded in 1981 and is based in Minneapolis, Minnesota.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-04-02 Image AV

Denver, Colorado, United States

Image AV is a full-service production company specializing in live, hybrid, and virtual event services. Image AV creates engaging event experiences by combining the right audiovisual technology with a talented production team. Image AV was founded in 1988 and is based in Denver, Colorado.

Buy -