West Dermatology’s Merger With Platinum Dermatology Partners

Kirkland & Ellis advised Sun Capital Partners and its portfolio company, WestDerm, while McDermott Will & Emery represented Sterling Partners in the transaction.

Sun Capital Partners, a leading healthcare services investor, and Sterling Partners, a diversified investment management platform, today announced the merger of Sun Capital portfolio company West Dermatology (WestDerm) and Sterling portfolio company Platinum Dermatology Partners (Platinum). Terms of the transaction were not disclosed.

The combination of WestDerm, a group providing business support services to over 300 dermatology providers, including many of the most prominent dermatologists in the Western United States, and Platinum, a dermatology group practice organization with a strong presence among many of the leading physicians in the fast-growing Texas and Arizona markets, creates a clear industry leader with more than 100 locations spanning the Southwestern U.S. and Southern California.

Founded in 1962 and headquartered in Newport Beach, California, WestDerm is a rapidly growing practice management group focused exclusively on dermatology. Acquired by an affiliate of Sun Capital in February 2020, WestDerm provides administrative support and a dynamic clinical community for some of the most pre-eminent providers in the Western U.S. offering cosmetic, surgical, and medical dermatology services for many skin conditions, cancer prevention, and remediation.

Formed by a partnership between Sterling Partners and Dallas Associated Dermatologists in 2016, Platinum benefited from Sterling’s resources, capital, and years of experience in healthcare services. Over the last six years, Platinum welcomed multiple practices into its network resulting in significant growth, particularly in the Dallas/Fort Worth and Phoenix markets.

The Kirkland team was led by corporate partners Corey Fox (Picture), Jeffrey Swatzell and Brett Nelson and associates Jackson Lavelle and Yoshi Haynie, with support from corporate partners Douglas Gessner and Jeremy Liss, healthcare regulatory partners Chad Ehrenkranz and Jordan Cohen and associates Eric Tang, Brittany Strandell and Charles Inclan, debt finance partner Aaron Berlin and associates R. Lee Discher, Alex Straka and Adnan Hussain, employee benefits partner Jeffrey Quinn, environmental transactions partner Christian Semonsen, executive compensation partner Michael Falk and associate Jonathan Sgouros, technology & IP transactions partner Aaron Lorber and associate Donovan Suh, international trade and national security partner Mario Mancuso and associates Erika Krum and Billy Phalen, employment and labor partners Michael Schulman and associate Nick Ustaski, tax partners David Kung and Heidi Yuen, litigation partner James Mutchnik and of counsel Donna Peel, M&A clearance director Kurt Wunderlich, and M&A clearance analyst Leslie Cannon.

The McDermott team was led by Gregory Metz and included Mike McStay, Adam Byrne, Matthew Stern and Tiantian Chen from the Transactional Group; Adam Rogers, Ashley Fischer, Stacey Callaghan, Carolyn Metnick, Callee Donovan, Sarah Reis, Mary Waller and Li Wang from the Healthcare Group; Sarah Bro from the Intellectual Property Group; Allison Wilkerson and Nick Paul from the Employee Benefits & Executive Compensation Group; Kate Williams from the Energy & Project Finance Group; and Mark Bilut from the Environmental Group.

Involved fees earner: Donna Alberts Peel – Kirkland & Ellis; Aaron Berlin – Kirkland & Ellis; Jordan Cohen – Kirkland & Ellis; Lee Discher – Kirkland & Ellis; Chad Ehrenkranz – Kirkland & Ellis; Michael Falk – Kirkland & Ellis; Corey Fox – Kirkland & Ellis; Douglas Gessner – Kirkland & Ellis; Yoshi Haynie – Kirkland & Ellis; Adnan Hussain – Kirkland & Ellis; R. Charles Inclan – Kirkland & Ellis; Erika Krum – Kirkland & Ellis; David Kung – Kirkland & Ellis; Jackson Lavelle – Kirkland & Ellis; Jeremy Liss – Kirkland & Ellis; Aaron Lorber – Kirkland & Ellis; Mario Mancuso – Kirkland & Ellis; James Mutchnik – Kirkland & Ellis; Brett Nelson – Kirkland & Ellis; William Phalen – Kirkland & Ellis; Jeffrey Quinn – Kirkland & Ellis; Michael Schulman – Kirkland & Ellis; Christian Semonsen – Kirkland & Ellis; Jonathan Sgouros – Kirkland & Ellis; Alexander Straka – Kirkland & Ellis; Brittany Strandell – Kirkland & Ellis; Donovan Suh – Kirkland & Ellis; Jeffrey Swatzell – Kirkland & Ellis; Eric Tang – Kirkland & Ellis; Nick Ustaski – Kirkland & Ellis; Heidi Yuen – Kirkland & Ellis; Mark Bilut – McDermott Will & Emery; Sarah Bro – McDermott Will & Emery; Adam Byrne – McDermott Will & Emery; Stacey Callaghan – McDermott Will & Emery; Tiantian Chen – McDermott Will & Emery; Callee Donovan – McDermott Will & Emery; Ashley Fischer – McDermott Will & Emery; Michael McStay – McDermott Will & Emery; Carolyn Metnick – McDermott Will & Emery; Gregory Metz – McDermott Will & Emery; Nick Paul – McDermott Will & Emery; Sarah Reis – McDermott Will & Emery; Adam Rogers – McDermott Will & Emery; Matthew Stern – McDermott Will & Emery; Mary Waller – McDermott Will & Emery; Li Wang – McDermott Will & Emery; Allison Wilkerson – McDermott Will & Emery; Kate Williams – McDermott Will & Emery;

Law Firms: Kirkland & Ellis; McDermott Will & Emery;

Clients: Sterling Partners; Sun Capital Partners; West Dermatology;