Project Description

Riverchase Dermatology

Prairie Capital Fund V

Location Naples, FL
Transaction Type Growth Buyout with Founder and Management
Investment Date December 2012
Exit Date October 2016
Buyer GTCR
Business

Provider of dermatology and cosmetic services in Southwest Florida. The Company provides a comprehensive suite of dermatologic services, offering advanced treatment options for skin cancer, general dermatology, and cosmetic procedures.

Industry Healthcare

Investment Rationale

  • Strong and incentivized management team
  • Attractive industry dynamics
  • Highly successful and scalable operating and unit economic model
  • Attractive acquisition model
  • Leading provider in attractive markets
  • Loyal and growing customer base
  • Highly diversified procedure mix

Value Add

  • Human Capital
  • Sales & Marketing
  • Technology
  • Infrastructure
  • Add-on Acquisitions
As I reflect back on our years together, I can’t say enough good things about my partnership with Prairie Capital. The decision to bring on an investor to help elevate a business that has been like your baby since its inception is not an easy one. Fortunately, I made the right choice! Our team at Prairie remained the same kind, considerate and knowledgeable people post-closing as they were at our very first meeting. I can’t thank them enough for helping to expand our business while enabling our existing talent to thrive and grow during the process. While never attempting to step into the medical decision making territory, Prairie showed great financial acumen and remained a compassionate and caring partner to both our employees and community.  They showed impeccable integrity and were a lot of fun to work with as well!
Andrew Jaffe, Founder and CEO