Select Dermatology

Select Dermatology

Select Dermatology was formed after its founding physician consolidated a network of dermatology clinics in the Dallas-Fort Worth metroplex, converting practice equity into a dedicated family office. The wealth originates from decades of clinical revenue and practice management, with the family office managing both the retained operating entities and liquid assets. The office deploys capital across a concentrated set of asset classes: direct ownership of dermatology and aesthetic medicine clinics, medical office real estate, and minority stakes in healthcare services firms. Known investments include a portfolio of dermatology practices in Texas and Arizona, and medical office properties leased back to its own clinics. The firm favors control or influence positions, typically investing $5M–$20M per deal. Geographic focus centers on the US Sun Belt, with particular density in Texas, Arizona, and Florida. The office is staffed by a small team that includes a chief investment officer and two analysts, supplemented by outside legal and tax advisors. No philanthropic foundation is publicly identified. Select Dermatology remains closely held, with no external capital. The firm's structural differentiator is its practice-to-office capital recycling model: operating income from the dermatology clinics funds direct real estate acquisitions, which then house the same clinics, creating a vertical integration loop rare among small family offices. This model reduces external financing dependency for clinic expansion.