Anne Arundel Dermatology Management, a portfolio company of New MainStream Capital, has acquired Tideway Dermatology, a dermatology practice in Northern Maryland. No financial terms were disclosed.
Annapolis, MD, April 2018 – Anne Arundel Dermatology Management (“ADM” or the “Company”), a portfolio company of New MainStream Capital (“NMS”), announced today that it has partnered with Tideway Dermatology, P.A. (“Tideway”).
Founded in 1994, Tideway has been serving the general and surgical dermatology needs of Northern Maryland for over 20 years. Tideway is led by board-certified dermatologist Dr. David Jaffe and has locations in Havre de Grace, Maryland and Bel Air, Maryland. Dr. Jaffe will continue to lead Tideway and further build upon ADM’s density in Maryland and will now benefit from the administrative support provided by Anne Arundel Dermatology Management.
“We are very excited about partnering with Dr. David Jaffe and expanding into the Northern Maryland market. We continue to execute on our strategy of building density in Maryland, which has been a focus of ours for the last several years. We continue to look for exceptional partnership opportunities such as the Tideway affiliation,” said Scott Mahosky, Chief Executive Officer of ADM.
As part of the affiliation, Tideway will benefit from ADM’s extensive 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.
Anne Arundel Dermatology is a leading provider of dermatological services in Maryland, Virginia and Tennessee.
Headquartered in Severna Park, Maryland and with 40 locations and 94 providers, ADM is the largest dermatology practice in Maryland and East Tennessee providing a comprehensive suite of dermatologic services, offering general dermatology, advanced treatment options for skin cancer and cosmetic procedures.
For additional information on Anne Arundel Dermatology, visit www.aadermatology.com.
New MainStream Capital is a New York headquartered private investment firm specializing in strategic equity investments and leveraged buyouts of lower middle market companies. The Firm was formed through the spin-out of a group of portfolio companies from the Goldman Sachs Merchant Banking Division. NMS focuses on companies headquartered in the U.S. poised to benefit from sustainable growth trends with particular concentration on companies in Healthcare Services and Specialized Business Services.
For additional information on NMS, visit www.nms-capital.com.