Pine Tree Equity Invests in Suncoast Skin Solutions
Pine Tree Equity IV, LP (“Pine Tree Equity”), a private equity firm based in Miami, FL, is pleased to announce that it has made an investment in Suncoast Skin Solutions (“Suncoast” or the “Company”) in May 2021. The Company, founded in 2008 and headquartered in Lutz, FL, provides comprehensive medical dermatology services across 19 Suncoast branded offices. For additional information, please visit www.suncoastskin.com.
Suncoast operates primarily within the large and growing, non-discretionary dermatology industry. The total addressable market for dermatology care in the United States is approximately $13.0 billion as of 2020 and growing in excess of 5.0% annually. The growth in market size is attributed to numerous factors including an aging population, increased health insurance coverage and the growing need for early diagnosis of skin conditions. Increasing occurrence of skin cancer is a primary driver of rising demand for dermatology services as the incidence of skin cancer is rising faster than any form of cancer.
Pine Tree Equity made an investment in partnership with the founders, Dr. Chris Ewanowski and Mrs. Rebecca Ewanowski, who remain in operating control of the business. The capital will allow them to continue their exceptionally strong history of expanding their facility and physician capacity to capitalize on the strong trends in the medical dermatology care market. Suncoast marks Pine Tree Equity’s 14th platform investment in healthcare services and 88th investment since Pine Tree Equity’s inception in 2007
Pine Tree Equity
Pine Tree Equity, founded in January 2007 and based in Miami, FL, is a private equity firm focused on the investment in and expansion of small capitalization companies – with revenue of $10.0 to $50.0 million – in partnership with founding management. The firm invests in growing service businesses with predictable fundamentals in business, consumer, financial and healthcare services. For additional information, please visit www.pinetreeequity.com or please call us at (305) 808-9820.