NEW YORK, NY, Schweiger Dermatology Group has closed $35M in private equity financing led by LLR Partners.
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Schweiger Dermatology Group, LLC (the 'Company'), announced today that it has closed $35M in private equity financing led by LLR Partners. The Company manages Schweiger Dermatology, PLLC and Schweiger Dermatology, PC (collectively, 'SDG'). SDG is a leading provider of medical, cosmetic and surgical dermatology services in New York and New Jersey.
Schweiger Dermatology operates 20 locations throughout Manhattan, Brooklyn, Queens, Long Island, Westchester County, Rockland County, and New Jersey. Under the supervision of Founder and Chief Executive Officer, Dr. Eric Schweiger, SDG provides dermatology services to over 150,000 patients annually. The Company provides advanced treatments for all skin care needs and offers unique patient benefits including same-day scheduling. This investment from LLR will support SDG's growth as it continues to build new locations and acquire additional dermatology practices in the New York metro area.
'We offer an attractive opportunity for dermatologists and physician assistants to grow with us,' said Dr. Schweiger. 'Partnering with a growth-oriented investor like LLR brings the additional capital, network and expertise in healthcare delivery to help us continue to expand our footprint and deliver outstanding, comprehensive dermatology care to more patients in the region.'
'Demand for cosmetic and medical dermatology in the New York area is among the highest in the nation,' said Elizabeth Campbell, Vice President at LLR Partners. 'We are impressed with Schweiger's ability to develop organically into the largest regional provider and meet this demand, while delivering a superior patient experience. As the industry rapidly consolidates, we are excited to work with the SDG team to further develop what we believe is the nation's premier dermatology platform.'
About Schweiger Dermatology
Schweiger Dermatology is the premier provider of dermatology services in the New York City area. The Company currently owns and operates 20 locations throughout Manhattan, Brooklyn, Queens, Long Island, Westchester County, Rockland County, and New Jersey. The Company's strategy is to continue its growth in the area by building new practice offices in selected locations and acquiring existing dermatology practices. The Company offers a unique opportunity for dermatology practice physician owners to capitalize on the practice they have built while continuing their careers on their terms, spending time focused on providing quality dermatology care to patients. For more information about Schweiger Dermatology, visit www.schweigerderm.com.
About LLR Partners
LLR Partners is a private equity firm investing in middle market growth companies. LLR invests in a broad range of industries, with an emphasis on software, technology-enabled services and healthcare. Founded in 1999 and with more than $2 billion raised across four funds, LLR is a flexible provider of capital for growth, recapitalizations and buyouts. For more information about LLR, visit llrpartners.com.