Practice Transitions Group recently announced the completed sale of Steele Dermatology to AQUA Dermatology, representing Dr. Chynna Steele Johnson in the transaction.
Dr. Steele Johnson, a Harvard-educated, board-certified dermatologist, founded Steele Dermatology in 2014 and spent more than a decade building a practice that carries real weight in the Atlanta market. Operating two locations in Alpharetta and Buckhead, the practice sees patients across both medical and cosmetic dermatology services, with a patient base built on Dr. Steele Johnson’s clinical reputation and a substantial digital following she cultivated over more than a decade.
PTG brought the practice to market and managed a competitive process that produced multiple offers from qualified buyers. AQUA Dermatology, a multi-location group backed by private equity firms Gryphon Investors and GTCR with 114 locations across Florida, Georgia, and Alabama, made the strongest offer and was the right fit for where the practice is headed.
“Dr. Steele Johnson built something real in Atlanta,” said Thomas Allen, advisor at Practice Transitions Group. “Strong brand, loyal patients, good revenue, and a name people actually recognize. We took that to market, created real competition, and got her a top-of-market outcome.”
Dr. Steele Johnson shared her perspective on the partnership ahead: “AQUA shares our commitment to excellence and expert patient care to help patients look and feel their very best. We are excited to continue growing our practice in partnership with AQUA.”
Read the full announcement on PR Newswire.
If you own a dermatology practice and have questions about what your practice is worth or what a process like this actually looks like, start with our dermatology practice valuation calculator or contact our team directly.
