Audax, a previous sponsor, will retain a minority stake, as will the company’s management team. The terms of the transaction were not disclosed.
The company will use the proceeds to expand its network.
Founded in 1989 and led by CEO Dr. Matt Leavitt and President and COO David Morell, Advanced Dermatology & Cosmetic Surgery offers a full range of dermatologic care including clinical, medical and cosmetic dermatology. It has over 140 locations.