Annapolis, MD, December 2018 – Anne Arundel Dermatology Management (“ADM” or the “Company”), a portfolio company of NMS Capital (“NMS”), announced today that it has partnered with Rock Creek Dermatology and Skin Cancer Center, LLC (“Rock Creek”). Founded in 2016 and led by Dr. Meghan Mitchell, Rock Creek is a two-clinic practice located in Silver Spring, Maryland and Urbana, Maryland. Rock Creek has been providing outstanding patient care in general, aesthetic, and surgical dermatology to the Maryland market. Dr. Meghan Mitchell will continue to lead Rock Creek and will now benefit from the administrative support provided by ADM.
“Rock Creek is great practice located in the Northern D.C. area; Dr. Meghan Mitchell is a provider we have known for a while now and it is great to bring her and her outstanding practice into the ADM family,” said Scott Mahosky, Chief Executive Officer of ADM.
Dr. Meghan Mitchell commented, “I have seen the impressive footprint ADM has been able to assemble in the Maryland market and I spoke with other physicians at the practice and all had the same positive feedback; an exceptional dermatology group practice with a focus on putting clinical quality and patient care first and truly taking a partnership approach with its physicians.”
David Peterson, Principal at NMS, added, “We are thrilled to add Rock Creek to the ADM platform, Rock Creek is a practice we have been familiar with over the years and we are glad to call Dr. Meghan Mitchell one of our physician partners. This is our fifteenth affiliation since partnering with ADM in 2015, and the Company continues to grow in its core market and see the benefits of creating density in Maryland while focusing on becoming a leading, multi-regional dermatology group practice.”
With the addition of Rock Creek, ADM now provides support services to 48 clinic locations across three states and over 125 providers. As part of the affiliation, Rock Creek 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.
About Anne Arundel Dermatology
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.
About New MainStream Capital
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 nms-capital.com.
Contacts:
Scott Mahosky
CEO
Anne Arundel Dermatology Management, LLC
443-351-3376
Susan Pieper
VP of Business Development and Integration
Anne Arundel Dermatology Management, LLC
410-384-9311
spieper@aadermatology.com
David M. Peterson
Principal
New MainStream Capital
212-422-7099