Phynet Dermatology
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Phynet Dermatology - overview
Established
2017
Location
Franklin, TN, US
Primary Industry
Healthcare
About
PhyNet Dermatology provides specialized dermatological healthcare solutions. The company focuses on operational efficiencies for practices, enhancing patient care and management for dermatologists across the United States. Founded in 2017, PhyNet Dermatology offers operational support specifically for dermatology practices, enabling them to improve performance and patient care. The company is headquartered in Franklin, US.
Sam Westover serves as both the CEO and founder, bringing experience from previous ventures. In June 2017, PhyNet Dermatology was acquired by Century Equity Partners; financial terms were not disclosed. PhyNet Dermatology specializes in comprehensive healthcare solutions focused on dermatology. The company provides innovative operational support to over 100 dermatology practices across 18 states.
Their core services include strategic planning to optimize practice performance and enhance patient-centric healthcare delivery, catering to dermatologists, healthcare providers, and a diverse patient base seeking treatment for skin conditions. PhyNet Dermatology operates a structured revenue model through partnerships with dermatological practices and healthcare providers. The company generates revenue through operational support agreements and strategic partnerships aimed at enhancing practice efficiency. While specific pricing for services is not disclosed, their operational management services are tailored to meet the unique needs of each practice, promoting equitable growth in healthcare service delivery.
PhyNet Dermatology is focusing on launching new products designed to further streamline dermatological care. The company is targeting expansion into additional geographic regions to enhance its practice network, with plans to establish operations in new markets by 2025. Funding from the recent acquisition in June 2017 will be utilized to support these growth initiatives and strengthen operational capabilities across its expanding network.
Current Investors
Century Equity Partners
Primary Industry
Healthcare
Sub Industries
Hospitals
Website
https://www.phynet.com/
Company Stage
Mature - Buyout
Total Amount Raised
Subscriber access only
Phynet Dermatology - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Buyout | Completed | Phynet Dermatology | - |
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