BGL Announces the Sale of Millburn Laser Center and Scherl Dermatology to Schweiger Dermatology Group

Brown Gibbons Lang & Company (BGL) is pleased to announce the sale of NavaDerm Partners’ (NavaDerm) New Jersey practices – Millburn Laser Center and Scherl Dermatology – to the Schweiger Dermatology Group (SDG). BGL’s Healthcare & Life Sciences investment banking team acted as the exclusive financial advisor to NavaDerm, a portfolio company of BelHealth Investment Partners, LLC. The specific terms of the transaction were not disclosed. The transaction builds upon BGL’s market leadership position in advising physician practices and related ancillary services.

The transaction furthers BGL’s commitment to dermatology — and more broadly, the provider services sector — and represents its tenth completed transaction involving dermatology and cosmetic services providers.

Headquartered in New York City, NavaDerm is a dermatology management platform formed through the partnership of five dermatology groups in New York and New Jersey. With eight locations, NavaDerm’s mission is to support its 40+ board-certified dermatologists and their staff in providing comprehensive dermatology services across medical, surgical, and cosmetic procedures.

SDG is the largest group dermatology practice on the East Coast, with over 100 offices and more than 300 healthcare providers. Schweiger Dermatology Group provides medical, cosmetic, and surgical dermatology services with more than 1.5 million patient visits annually.

BGL’s Healthcare Provider Services Group is one of the most experienced and respected financial advisory teams in the U.S. for physician practice M&A, dermatology, and aesthetic services M&A, with a long track record of expertise in successfully advising physicians and alternate site providers through strategic transactions like selling a physician practice.