NavaDerm Partners, LLC Asset Profile

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Year established

2018

Location

New York NY US

Primary Industry

Healthcare IT

About

Founded in 2018 and based in New York, US, NavaDerm Partners, LLC is a Northeast-based dermatology management platform formed through the partnership of five dermatology groups in New York and New Jersey. The company is led by CEO Roy Geronemus, former founder of the Laser & Skin Surgery Center of New York (LSSCNY), a world-renowned leader in cosmetic and general dermatology, dermatologic surgery, laser surgery, and Mohs surgery in 1993. In May 2021, CRG provided USD 20 million debt financing to support the growth of the firm. The company is composed of a team of dermatologists, physicians, and physician assistants providing comprehensive general dermatology across medical, surgical, and cosmetic procedures. The firm also offers management services which include practice management, general accounting and accounts payable, human resources, payroll, physician and staff recruitment, centralized appointment scheduling, revenue cycle management, compliance services, insurance negotiation, provider credentialing, and business development among others. NavaDerm Partners is partnered with Dermatology and Surgery Associates, Laser & Skin, Millburn Laser Center, Sharon Scherl Dermatology, and Spring Street Dermatology. The company plans to grow by adding new physicians, developing its ancillary business lines in skincare products, research, clinical trials with pharmaceutical companies, and opening two pathology labs.

Current Investors

BelHealth Investment Partners

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Primary Industry

Healthcare IT

Sub Industries

Business Support Services, Aesthetic Medicine, Healthcare IT, Dermatology

Website

www.navaderm.com

Verticals

HealthTech

Company Stage

Mature

Total Amount Raised

Subscriber access only

Deals

Deals Type
Add-on, Corporate Carve Out
Private Debt
Recapitalisation
Add-on
Buyout

Deal Status	Target (s)	Deal Date
Completed	Dermatology and Surgery Associates	15 Nov 2024
Completed	NavaDerm Partners, LLC	25 May 2021
Completed	Laser & Skin Surgery Center of New York	06 Aug 2019
Completed	Millburn Laser Center	17 Jul 2018
Completed	NavaDerm Partners, LLC	01 Jun 2018

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