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NavaDerm Partners, LLC

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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 Investor(s) Seller(s) Deal size (Mn) Enterprise value (Mn) Post-money valuation (Mn) EBITDA multiple (x) Revenue multiple (x) Lead partner (s)
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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Key Contacts

Name Position Start Date End Date Vcard Bio
Member Board Of Directors BM
BM Board Member
Name Firm Deal Date Number Of Deals Vcard
AI LP
AI LP
AI Active Investor LP Lead Provider

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Employee Data

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