Schweiger Dermatology Group has closed USD35 million in private equity financing led by LLR Partners. The Company manages Schweiger Dermatology, PLLC and Schweiger Dermatology, PC (collectively, SDG), a 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, 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 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,” says 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.”
