Location: Nashville, TN
Investment Year: 2017
PhyNet Dermatology is an outsourced managed services company for dermatology practices. PhyNet provides key administrative services for these practices including billing and collections, payor contracting/negotiation, compliance, finance and accounting, and M&A execution and integration.
Century Investment Thesis
The dermatology market is benefitting from several tailwinds impacting the sector including an aging demographic, the increasing awareness and prevalence of skin cancer, and growth in demand for cosmetic procedures. The market is also highly fragmented creating acquisition-driven growth opportunities.
Century Value Add
- Facilitating M&A activity by generating proprietary deal flow
- Acquisition experience and expertise
- Knowledge of payor and provider dynamics