A portfolio company of NMS Capital announced in the last week of June it has acquired a Maryland-based dermatology practice, capping off a busy month for the private equity firm. Anne Arundel Dermatology Management (ADM) purchased Chevy Chase Cosmetic Center and Dermatology & Cosmetics Surgery Associates (CCCC), a dermatology practice founded in 1992 with four physicians and multiple locations in Chevy Chase and Greenbelt in Maryland. No terms were disclosed

With the addition of CCCC, ADM now provides support services to over 65 clinic locations across four states and over 155 providers. CCCC will benefit from ADM’s 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.  

NMS Capital and ADM first partnered together in January 2018 when the PE firm completed a recapitalization of the dermatology group. The two have expanded quickly, reporting five transactions since NMS became a leading investor, according to our Deal Search Online database. In 2019, ADM announced two additions, acquiring four dermatology practices in North Carolina in September and Laser Skin & Vein Center of Virginia in May. In the fourth quarter of 2018, ADM purchased Maryland-based Rock Creek Dermatology and Skin Cancer Center LLC and Maryland Dermatology Laser Skin & Vein, adding multiple locations and seven new physicians to its network.  

June has been a busy period for NMS Capital, especially at a time when PE firms are pausing M&A activity while the market deals with the COVID-19 pandemic. NMS is typically a very active player in the market, reporting over 25 transactions since 2015, either through a portfolio company or as a direct buyer, according to DSO

In June, three of its portfolio companies, including ADM, announced new transactions. Foot and Ankle Specialists of the Mid-Atlantic acquired Carolina Foot and Ankle and U.S. Foot & Ankle Specialists LLC acquired Carolina Foot and Ankle of Huntersvilleas part of NMS Capital’s ongoing expansion in the state of North Carolina.