AQUA Dermatology

Ownership: Part of AQUA Dermatology, owned by Gryphon Investors and GTCR (Source)

Brands

Family of brands in the 2022 release: Water's Edge Dermatology, Riverchase Dermatology, PBC Dermatology, Coast Dermatology, Intracoastal Dermatology, Goodman Dermatology, Aqua Plastic Surgery. (Source).

Entity type

Platform: parent company of Water's Edge Dermatology and Riverchase Dermatology, rebranded as AQUA Dermatology on 2022-04-05.

Ownership: sponsors

AQUA is owned by private equity firms Gryphon Investors and GTCR (release ).

Ownership: sponsor page confirmation

Gryphon Investors posts the same announcement naming Gryphon and GTCR as owners. (Source).

Ownership: predecessor practices (Water's Edge and Riverchase, before the 2022 AQUA name)

The Gryphon page states that Gryphon purchased Water's Edge in 2018 and GTCR acquired Riverchase in 2016, and that the two had recently merged. (Source).

Footprint at 2022 announcement

Over 80 locations and more than 170 providers.

Footprint on home page (text)

Home page text: over 118 locations across Florida, Georgia and Alabama. (Source).

Footprint on home page (counter)

Home page counters: 112+ locations, 270+ providers, 26+ years in business.

Discrepancy

The home page shows both "over 118 locations" and "112+ locations". Counting definition not published.

Release dateline

The 2022 release is datelined Palm Beach Gardens, Florida.

Services as stated

Medical, surgical and cosmetic dermatology, vein care, plastic surgery and radiation therapy.

Leader named on entity page

Larry Kraska, CEO (named on the AQUA home page).

Deal: Goodman Dermatology (predecessor practices)

Water's Edge and Riverchase (the practices later rebranded AQUA, per the 2022 release) partnered with Goodman Dermatology, P.C. (Atlanta) on 2021-06-15; terms not disclosed.

Deal: Intracoastal Dermatology

The 2022 release describes the acquisition of Intracoastal Dermatology (Jacksonville).

CMS group legal name(s) and group ID(s)

Aqua Dermatology Of Florida, PA (group ID 1153390414); Aqua Dermatology Of Georgia PC (group ID 6800885757); Aqua Dermatology Of Alabama PC (group ID 9436211463). Three CMS group IDs with AQUA Dermatology in the legal name (FL, GA, AL). (Source).

Medicare-enrolled dermatology clinicians in CMS Medicare enrollment data

107 unique clinicians with primary specialty dermatology across 3 matched group IDs.

All-specialty clinicians listed under the same group ID(s) in CMS Medicare enrollment data

282 (sum of the group size field for the matched IDs; clinicians may be counted in more than one ID).

Medicare enrollment sites with a dermatology clinician (CMS Medicare enrollment data)

56 distinct enrollment address records in 44 cities across 4 states: AL, FL, GA, MS. Counts are Medicare enrollment records, not the group's own location list.

NPPES organization NPIs with a dermatology taxonomy and a matching legal or other name (the NPPES registry)

3 active organization NPIs in 3 states. Name pattern match only; this is a count of registry records, not locations. (Source).

Sources

Sources are linked inline above. Request a correction at Richard@DoctorsInvestorClub.com.

Related resources

• Owner Resource Library
• Practice valuation calculator
• Owner guides