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The (private equity) market for dermatologists

Dermatology is a lucrative part of medicine, and private equity firms are buying medical practices, which has led to an unusual quarrel in the Journal of the American Academy of Dermatology, involving corporate interests.

The NY Times has the story:
Why Private Equity Is Furious Over a Paper in a Dermatology Journal

"Early this month, a respected medical journal published a research paper on its website that analyzed the effects of a business trend roiling the field of dermatology: the rapid entrance of private equity firms into the specialty by buying and running practices around the country.

"Eight days later, after an outcry from private equity executives and dermatologists associated with private equity firms, the editor of the publication removed the paper from the site.
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"Dermatologists account for one percent of physicians in the United States, but 15 percent of recent private equity acquisitions of medical practices have involved dermatology practices. Other specialties that have attracted private equity investment include orthopedics, radiology, cardiology, urgent care, anesthesiology and ophthalmology.
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"This week a lawyer for Advanced Dermatology and Cosmetic Surgery, which is backed by private equity and is the largest dermatology practice in the United States, called the general counsel at the University of Florida, where two of the authors are employed, demanding specific changes to the paper."

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