Forefront Dermatology

Since October 2022, the majority owner has been Partners Group, a Swiss global private markets firm, which acquired its stake from OMERS Private Equity (per Bloomberg, 2022). Before OMERS, Varsity Healthcare Partners was the primary backer.

Forefront generates revenue by aggregating hundreds of dermatology clinics and their associated pathology labs under a single operating umbrella. The centralized model captures professional fees from medical and cosmetic procedures while extracting operational efficiencies in billing, procurement, and administration.

Forefront Dermatology is a physician practice management (PPM) company, not an investment fund. Its primary function is operating dermatology clinics. However, its acquisition strategy relies on committed capital from successive private equity sponsors to fund roll-up M&A.

The network spans predominantly the Midwest and Southeast United States. The precise state count has varied with acquisition activity, but the firm represents clinics in more than 20 states (per the firm's public communications). Manitowoc, Wisconsin serves as the administrative headquarters.

Betsy J. Wernli serves as President. Strategic decisions, including acquisition targets and capital allocation, are made jointly by the management team and the board representing the controlling private equity sponsor, Partners Group.