MoFo Advises SkyKnight Capital on Refinancing of DOCS Dermatology Group Credit Facility

Morrison Foerster advised SkyKnight Capital (“SkyKnight”) and its portfolio company DOCS Dermatology Group (“DOCS”) in connection with the refinancing and upsize of DOCS’ credit facility. The refinancing was led by incumbent lenders Antares Capital and New Mountain Capital, with Penfund joining the lender group. 

SkyKnight focuses on partnering with high quality businesses in acyclical growth sectors alongside exceptional management teams. SkyKnight manages over $4 billion in private equity capital on behalf of leading endowments, foundations, pensions, and institutional family offices. SkyKnight aims to build industry-defining businesses across the healthcare, financial services, and technology-enabled services industries.

Founded in 1978 and headquartered in Cincinnati, Ohio, DOCS is one of the largest dermatology platforms in the United States, with over 150 locations across 12 states. DOCS offers a range of clinical services, including general dermatology, Mohs surgery, dermatopathology, and cosmetic dermatology. DOCS provides its partner practices with centralized non-clinical resources and services that enable clinicians to focus on delivering best-in-class dermatological care to patients.

The MoFo team advising SkyKnight and DOCS was led by private equity finance partners Dario Avram and Eric Min, with invaluable assistance from private equity finance partner Jake Burne and associates Garret Jones and George Ward.