Schweiger Dermatology Group, a New York metro area-based dermatology services company, received an $8m credit facility.
Square 1 Bank, a division of Pacific Western Bank, provided the debt financing.
The proceeds will be used to fund the company’s expansion and acquisition of new practices.
Founded in 2010 by board-certified Manhattan dermatologist Eric S. Schweiger, M.D., Schweiger Dermatology Group provides medical, cosmetic and surgical dermatology services via 19 offices throughout New York, Brooklyn, Westchester, Rockland County, Long Island and New Jersey.
The dermatology practice uses medical technology and procedures to treat numerous skin conditions, including acne, moles, eczema, rashes, hair loss, psoriasis, rosacea, skin cancer and warts. Cosmetic services address scars, stretch marks and aging concerns, among others.
Backed by international life sciences venture capital firm SV Life Sciences, the company employs 45 medical providers who conduct over 125,000 patient visits per year.