Anne Arundel Dermatology Management, which is backed by NMS Capital, has acquired Chevy Chase Cosmetic Center and Dermatology & Cosmetics Surgery Associates, a Maryland-based dermatology practice. No financial terms were disclosed. As a result of the transaction, Dr. Eric Finzi will continue to lead CCCC.
Linthicum Heights, MD, June 2020 – Anne Arundel Dermatology Management (“ADM” or the “Company”), a portfolio company of NMS Capital (“NMS”), announced today that it has partnered with Chevy Chase Cosmetic Center and Dermatology & Cosmetics Surgery Associates (“CCCC”). Founded in 1992 and led by Dr. Eric Finzi, CCCC serves its patients from multiple locations in Chevy Chase, Maryland and Greenbelt, Maryland and has been providing general and cosmetic dermatology patient care for over 25 years. Dr. Eric Finzi will continue to lead CCCC and will now benefit from the administrative support provided by ADM.
“Dr. Finzi has built a great practice over the years in the Chevy Chase and Greenbelt, Maryland area and we are thrilled to partner with him and his colleagues. The CCCC locations are in very desirable areas in Maryland where we previously did not have a presence. We are very proud of completing this partnership in a difficult environment given the unprecedented circumstances due to Covid-19. We view cosmetic dermatology as a significant growth driver for the broader ADM platform and are excited about the opportunity to bring another fantastic group of providers into the platform. This is the first of several acquisitions we anticipate closing over the course of the summer in both existing and new geographies,” said Scott Mahosky, Chief Executive Officer of ADM.
Dr. Eric Finzi commented, “I am very excited for my practice to be a part of ADM, a dermatology platform focused on providing exceptional patient care to the entire Mid-Atlantic region. ADM is a dermatology group practice with an enhanced focus on putting clinical quality and patient care first and truly taking a partnership approach with its physicians and that is what really mattered to me and the future of my practice.”
With the addition of CCCC, ADM now provides support services to over 65 clinic locations across four states and over 155 providers. As part of the affiliation, CCCC 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, Tennessee, and North Carolina. Headquartered in Linthicum Heights, Maryland and with over 65 locations and over 155 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.
About NMS Capital
NMS 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.