Anne Arundel Dermatology Management, a portfolio company of NMS Capital, has acquired Hunt Valley, Maryland-based Maryland Dermatology Laser, Skin & Vein, a general and cosmetic dermatology practice. No financial terms were disclosed.
Annapolis, MD, November 2018 – Anne Arundel Dermatology Management (“ADM” or the “Company”), a portfolio company of NMS Capital (“NMS”), announced today that it has partnered with Maryland Dermatology Laser, Skin & Vein (“MDLSV”). Founded in 1984 and led by Drs. Robert and Margaret Weiss, MDLSV is located in Hunt Valley, Maryland and has been providing outstanding patient care in general and cosmetic dermatology to the Maryland market for over 34 years. Drs. Robert and Margaret Weiss will continue to lead MDLSV and will now benefit from the administrative support provided by ADM.
“This is a great partnership for ADM; Drs. Robert and Margaret Weiss are known nationally for their work in the field of cosmetic dermatology and their focus on dermatology clinical research,” said Scott Mahosky, Chief Executive Officer of ADM. “We are excited to work alongside a group with such an outstanding clinical reputation and look forward towards a successful partnership.”
Dr. Margaret Weiss commented, “I am thrilled to be joining Anne Arundel Dermatology, an exceptional dermatology group practice with a focus on putting clinical quality and patient care first. Anne Arundel Dermatology truly takes a partnership approach with its physicians and we couldn’t be more excited to work with such great people.”
David Peterson, Principal at NMS, added, “We are delighted to add MDLSV to the ADM platform, further building upon ADM’s density in Maryland. MDLSV has a stellar reputation within our core market and tremendous experience in cosmetic dermatology. This affiliation, our fourteenth since partnering with ADM in 2015, continues the Company’s growth in our core market and focus on becoming a leading, multi-regional dermatology group practice.”
With the addition of MDLSV, ADM now provides support services to 46 clinic locations across three states and over 125 providers. As part of the affiliation, MDLSV will benefit from ADM’s extensive administrative and support services, including investments in information technology and electronic medical records, revenue cycle management, payer credentialing and contracting, compliance and reporting, human resources, business development and finance.
About Anne Arundel Dermatology
Anne Arundel Dermatology is a leading provider of dermatological services in Maryland, Virginia and Tennessee.
Headquartered in Severna Park, Maryland and with 46 locations and over 125 providers, ADM is the largest dermatology practice in the state of Maryland providing a comprehensive suite of dermatologic services, offering general dermatology, advanced treatment options for skin cancer and cosmetic procedures.
For additional information on Anne Arundel Dermatology, visit www.aadermatology.com.
For additional information on Maryland Dermatology Laser, Skin & Vein, visit www.mdlsv.com
About New MainStream Capital
New MainStream Capital is a New York headquartered private investment firm specializing in strategic equity investments and leveraged buyouts of lower middle market companies. The Firm was formed through the spin-out of a group of portfolio companies from the Goldman Sachs Merchant Banking Division. NMS focuses on companies headquartered in the U.S. poised to benefit from sustainable growth trends with particular concentration on companies in Healthcare Services and Specialized Business Services.
For additional information on NMS, visit www.nms-capital.com.