Published on February 6, 2012 at 11:38 AM
Audax Group announced it has completed the acquisition of Advanced Dermatology and Cosmetic Surgery ("ADCS"). Headquartered in Maitland, Florida, ADCS is a dermatology-focused physician practice management company, with 53 company-affiliated dermatology clinics in Florida and Ohio providing clinical, cosmetic, and pathology services. ADCS also provides billing and coding management services for third-party dermatology practices under the Ameriderm trade name. Dr. Matt Leavitt and management will remain significant shareholders in ADCS.
“We are excited to be working with Audax Group. Their operational expertise and successful track record working with multi-site healthcare companies will be instrumental as we continue to build regional density and expand our service offering.”
Geoffrey S. Rehnert, Co-CEO of Audax Group, said "ADCS is a multi-site provider of specialty healthcare services in a fragmented and growing market. We look forward to working with Dr. Leavitt and the ADCS management team to build the company through add-on acquisitions, greenfield expansion, and by scaling the Ameriderm platform through sales force optimization."
Dr. Matt Leavitt, Founder and CEO of ADCS, said "We are excited to be working with Audax Group. Their operational expertise and successful track record working with multi-site healthcare companies will be instrumental as we continue to build regional density and expand our service offering."
Brentwood Capital Advisors, LLC advised ADCS. Ropes & Gray served as counsel to Audax Group. NXT Capital provided debt financing to support the transaction.
Source Audax Group