Water's Edge Dermatology Acquires PBC Dermatology to Expand Dermatological and Aesthetic Services

VCBeat (WeChat ID: vcbeat) has learned that Water’s Edge Dermatology (“Water’s Edge”) recently announced the acquisition of its peer, PBC Dermatology. The specific terms of the transaction were not disclosed. This marks Water’s Edge’s first external acquisition since being acquired by Gryphon Investors, a San Francisco-based private equity firm, in June 2018.

Water’s Edge, established in 1998 and headquartered in Florida, USA, is a dermatology clinic dedicated to providing patients with comprehensive dermatological treatment and skincare services. The clinic operates branches across 35 locations in Florida, primarily offering medical services in pediatric dermatology, skin cancer, cosmetic dermatology, and plastic surgery, with treatment plans available for patients of all ages.

Water’s Edge comprises a team of plastic surgeons, vein treatment specialists, radiation oncologists, and dermatologists dedicated to diagnosing patients’ skin conditions through an interdisciplinary approach. Whether dealing with common rashes or complex skin cancers, the experts provide tailored treatment plans based on each patient’s individual circumstances. Additionally, the company has developed the Wederm line of skincare products to help consumers protect their skin. Water’s Edge also offers comprehensive aesthetic and skincare services, including skin whitening, anti-aging treatments, and permanent hair removal.

PBC Dermatology, founded by Charles E. Griff, M.D., is a dermatology clinic located in West Palm Beach, Florida, USA. The clinic is dedicated to providing clients with medical dermatology services, Mohs surgery (for the treatment of skin cancer), and various cosmetic dermatological procedures. Upon completion of the acquisition, Charles E. Griff will hold an equity stake in Water's Edge and serve as the head of a portion of the company’s operations.

Kevin Blank, Operating Partner at Gryphon Healthcare, stated, “The rising incidence of skin cancer due to an aging population, coupled with the increasing accessibility and affordability of cosmetic procedures, has driven sustained growth in demand for dermatological services. Through our partnership with PBC Dermatology, Water's Edge will continue to deliver high-quality care to patients, meeting their growing needs.”

Larry Kraska, CEO of Water's Edge, stated, “PBC Dermatology enjoys a strong reputation in the West Palm Beach area. The acquisition of PBC Dermatology will drive the company’s continued growth, uphold high standards of medical care, and expand its presence in the West Palm Beach region.”

(Compiled by Jiao Yanli)