NavaDerm is partnering with Laser & Skin Surgery Center of New York, Midtown Dermatology and their affiliated entities.
Navaderm is a dermatology services organization in the Northeast and a BelHealth Investment Partners portfolio company. LSSCNY is NavaDerm's fifth practice partnership since its founding in June 2018. Dr. Roy Geronemus to become Chairman of NavaDerm's Clinical Advisory Board.
Founded by Dr. Geronemus, M.D. in 1993 and headquartered in Manhattan, New York, LSSCNY now comprises 18 physicians and two locations in New York City and Long Island. LSSCNY serves as a clinical research site with particular expertise in lasers. The practice also offers two full-time fellowship programs under the auspices of the American College of Mohs Surgery and the American Society for Dermatologic Surgery.
"We are thrilled to partner with NavaDerm and continue to build upon the outstanding legacy of LSSCNY,” says Dr. Geronemus, in a news release. “NavaDerm is a different type of private-equity-backed dermatology platform with their exclusive focus on partnering with exceptional clinicians, supporting a physician-led model, and maintaining the local spirit, identity and brands of their partners. We look forward to continuing NavaDerm's mission of preserving strict clinical independence for all practices and Medical Directors."
Paul Barrett, Managing Director of BelHealth Investment Partners and Director of NavaDerm, adds, "We are proud to partner with LSSCNY and support Dr. Geronemus and his outstanding group of physician partners and their dedicated staff. LSSCNY is well respected for the quality of their patient care and we look forward to supporting their physician-led model and assisting in their growth. We remain focused on our initial thesis of exclusively partnering with physician founders that want to continue leading their groups. In just under a year, NavaDerm has become a preeminent Northeast-based platform and we look forward to accelerating the growth of the group in the years ahead."
Edgemont Partners served as exclusive financial advisor to Laser & Skin Surgery Center of New York. The company was advised on legal matters by Morrison Cohen LLP and Garfunkel Wild, P.C. McGuireWoods LLP acted as BelHealth's legal advisor.