Corporatization and the Rise of Private Equity in Dermatology by Sailesh Konda, MD a product of SanovaWorks. As of November 2018, there are 33 known PE-backed dermatology groups, two of which are now defunct. Twenty-five of these 33 PE-backed groups were newly formed or acquired in 2015 or thereafter. These PE partnerships are often via practice management agreements. This allows them to circumvent the AMA Corporate Practice of Medicine Doctrine and any corresponding state laws. Interestingly, the largest dermatology management companies, many of which are PE-backed, formed a coalition called the Dermatology Practice Support Alliance in May 2016. These coalition companies collectively own a majority of the corporate dermatology market. Herein, I will highlight five out of ten concerns about PE-backed models.