DOCS Dermatology Group

Entity type

Platform: physician-led dermatology practice group supporting partner practices; portfolio company of SkyKnight Capital. (Source).

Ownership: sponsor

SkyKnight Capital is the sponsor; Penfund describes DOCS as a portfolio company of SkyKnight Capital (release ).

Ownership: second primary source

Morrison Foerster notice (2026-03-05) refers to SkyKnight Capital and its portfolio company DOCS Dermatology Group. (Source).

Lenders (debt, not ownership): Penfund

Penfund announced a US$205 million unitranche loan to DOCS (release ).

Lenders (debt, not ownership): refinancing

Morrison Foerster notice: the refinancing was led by incumbent lenders Antares Capital and New Mountain Capital, with Penfund joining the lender group.

HQ, founding and footprint

Founded 1978; headquartered in Cincinnati, Ohio; over 150 locations across 12 states (2026-03-05).

Footprint on home page

Home page counters: 10 states, 120 locations, 338 providers. (Source).

Discrepancy

Footprint figures differ between the entity home page and a 2026-03-05 law firm notice (both cited in the footprint lines above). Counting definitions not published.

Providers as stated

More than 300 providers and 120 locations (home page text).

Services as stated

Medical dermatology, skin cancer and Mohs surgery, cosmetic dermatology, plastic and reconstructive surgery.

Leaders named on entity page

Bill Butler, Chief Executive Officer; Chad Lanning, President and Chief Financial Officer. (Source).

Deal: 2026 refinancing

Refinancing and upsizing of the DOCS credit facility with Penfund, Antares Capital and New Mountain (reported 2026-03-04 and 2026-03-05).

Affiliated practice

Dermatologists of Southwestern Ohio states on its site: "An affiliate of DOCS Dermatology". (Source).

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

Dermatologists Of Southwestern Ohio, LLC (group ID 7113973041). One CMS group ID matched: Dermatologists of Southwestern Ohio, LLC, whose own site states it is an affiliate of DOCS Dermatology. Other DOCS child groups not identified. (Source).

Medicare-enrolled dermatology clinicians in CMS Medicare enrollment data

44 unique clinicians with primary specialty dermatology across 1 matched group ID.

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

116 (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)

31 distinct enrollment address records in 28 cities across 1 state: OH. 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