Schweiger Dermatology Funding, Investors & Competitors

Schweiger Dermatology has raised $150M across 4 funding rounds, most recently a $100M undisclosed-stage round in May 2018.

Last Schweiger Dermatology funding round

$100M

Undisclosed stage · May 2018

Cumulative funding Schweiger Dermatology raised

$150M

across 4 funding rounds

Key investors in Schweiger Dermatology

  • SV Health Investors
  • LLR Partners
  • LNK Partners

Schweiger Dermatology Overview

About Schweiger Dermatology

Schweiger Dermatology is a New York City dermatology practice with offices in Midtown, Midtown West, Financial District, and Flatiron. Supervised by Dr. Eric Schweiger, it delivers treatments for acne, eczema, and skin cancer alongside cosmetic procedures like Botox and fillers.


Founded

2010

HQ

United StatesNew York City, NY

Status

Privately held

Customer focus

B2C

Revenue model

Services

Schweiger Dermatology Funding History

Schweiger Dermatology has raised a total of $150M across 4 funding rounds.

Schweiger Dermatology's first fundraising round was a $2M seed round in May 2013. The most recent completed round was a $100M undisclosed-stage round in May 2018.

Schweiger Dermatology funding rounds

Schweiger Dermatology funding rounds
DateStageInvestorsRaisedDeal Summary
May 2018Undisclosed stageLNK Partners (lead)$100MSchweiger Dermatology Group (SDG), the largest and fastest-growing dermatology practice management company in the Northeast US, received a $100 million minority investment from LNK Partners on May 24, 2018, to support expansion through new locations and acquisitions. LNK Partners, a private equity firm focused on consumer businesses, took a minority stake while founder and CEO Dr. Eric Schweiger retained leadership. The investment aligns with SDG's mission to deliver high-quality medical, cosmetic, and surgical dermatology services with an emphasis on patient experience, including short wait times and convenient access. At the time, SDG served over 500,000 patients annually across its Northeast footprint, primarily in New York and New Jersey, with plans to grow further. Prior to this round, the company had secured financings including a $35M capital raise led by LLR Partners and a $20M credit facility from Triangle Capital Corporation. LNK's flexible investment approach, typically ranging from $50-200 million, positioned it as a growth capital partner rather than a control investor.
Apr 2016Undisclosed stageLLR Partners (lead)$35MSchweiger Dermatology Group, a network of 20 dermatology clinics in the greater New York and New Jersey area, received a $35 million investment from LLR Partners in April 2016 to support continued growth. The transaction enabled infrastructure expansion and acquisitions, such as the Manhattan Center for Dermatology in May 2016, marking one of the first deals post-investment. LLR Partners led the growth capital round, positioning Schweiger as the largest dermatology group practice in the Northeast, offering advanced skin care treatments and same-day scheduling. Following the investment, Schweiger pursued an aggressive acquisitive strategy, expanding its footprint with multiple acquisitions including The Derm Group in New Jersey, Connecticut Dermatology Group, Lake Dermatology in Florida, Windsor Dermatology, Allergy & Asthma Care of New York, NavaDerm Partners' New Jersey practices, Theta Dermatology, United Skin Specialists across several states, and ClearlyDerm in South Florida. These moves grew the practice significantly, later achieving recognition as the largest group dermatology practice on the East Coast. The 2016 investment occurred amid a wave of private equity activity in dermatology, with comparable deals like ABRY Partners' recapitalization of Dermatology Associates for over $300 million at 15x EBITDA and OMERS' acquisition of Forefront Dermatology for over $450 million at 13x EBITDA.
Jan 2015Series ASV Health Investors (lead)$12MSchweiger Dermatology, managed by Clear Clinic & Schweiger Dermatology Management Company, LLC, closed a $12.4 million Series A financing on January 15, 2015, led by SV Life Sciences. The company operates 14 dermatology practices in the New York metro area, including Manhattan, Long Island, Westchester County, and northern New Jersey, focusing on medical and cosmetic dermatology services. Proceeds support growth through building and acquiring additional practices while maintaining quality patient care. SV Health Investors continued as a shareholder in later rounds, including a $100 million investment from LNK Partners in May 2018, where LNK took a minority stake and founder Eric Schweiger retained CEO leadership. By 2018, Schweiger Dermatology Group had expanded significantly, serving over 500,000 patients annually across the Northeast.
May 2013Seed-$2M-

Who has invested in Schweiger Dermatology?

3 investors have backed Schweiger Dermatology across its funding rounds, including SV Health Investors, LLR Partners and LNK Partners.

Lead investors include LNK Partners, LLR Partners and SV Health Investors.


Schweiger Dermatology Investors

Investors in Schweiger Dermatology by funding rounds participated
InvestorHQRoundsRoleFirst check
LLR PartnersUnited StatesPhiladelphia, PA1LeadApr 2016

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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples

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Acquisitions by Schweiger Dermatology

Schweiger Dermatology has acquired 10 companies to date.

Last acquisition by Schweiger Dermatology was on January 9th 2024. Schweiger Dermatology acquired United Skin Specialists for undisclosed valuation.


Latest Acquisitions by Schweiger Dermatology

United Skin Specialists
Allergy & Asthma Care of New York
Lake Dermatology
Windsor Dermatology
Description
United Skin Specialists LLC manages dermatology practices in the Upper Midwest. Golden Valley, Minnesota-headquartered, it oversees 12 clinics across Minnesota and Wisconsin offering medical, surgical, and cosmetic services for skin cancer, acne, and psoriasis. The organization supports Mohs surgery centers and injectables with centralized billing and EHR systems.
Allergy & Asthma Care of New York is a New York City practice treating allergic disorders, asthma, and immunologic conditions in adults and children. Services include skin prick testing, immunotherapy shots, and management for rhinitis, eczema, and anaphylaxis. With locations in Brooklyn and Queens, the center addresses triggers like pollen, mold, and pet dander.
Lake Dermatology is an Orlando-based academic practice affiliated with the University of Florida College of Medicine, offering treatments for skin cancer, acne, eczema, and cosmetic procedures like Botox and laser resurfacing. Its physicians hold faculty positions and conduct clinical trials at facilities in Lake Nona.
Windsor Dermatology is a Gresham-based medical practice offering dermatological treatments including MOHS surgery for skin cancer, laser resurfacing for wrinkles and scars, and sclerotherapy for vein removal. The clinic provides pediatric dermatology, psoriasis management, hidradenitis suppurativa care, and clinical trials participation. Additional services cover CoolSculpting fat reduction, Botox injections, laser hair removal, and skin tag excision. Located in Oregon, the practice serves patients from Portland and surrounding regions with board-certified dermatologists.
HQ CountryUnited StatesUnited StatesUnited StatesUnited States
HQ City
Minneapolis, MN
New York City, NY
Washington, DC
-
Deal Date9 Jan 202419 Sep 202312 Jul 202325 Apr 2023
Valuationundisclosedundisclosedundisclosedundisclosed
EV/Revenue
EV/EBITDA

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Schweiger Dermatology Competitors

Schweiger Dermatology competitors include listed companies like Rollins, Madison Air, Service Corporation International and H&R Block, and private ones like Papa and Vagaro.

Public and private companies comparable to Schweiger Dermatology
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
RollinsUnited StatesUnited StatesPublicly listed$3.8B$854M$16B4.2x
Madison AirUnited StatesUnited StatesPublicly listed$3.5B$697M$12B3.9x
Service Corporation InternationalUnited StatesUnited StatesPublicly listed$4.3B$1.3B$11B3.6x
H&R BlockUnited StatesUnited StatesPublicly listed$3.9B$1.1B$5.5B1.7x
PapaUnited StatesMiami, FLPrivate--$1.4B-
VagaroUnited StatesUnited StatesPrivate--$1B-

Schweiger Dermatology Public Comps

Schweiger Dermatology is still privately-owned, but its public comps include Rollins, Madison Air, Service Corporation International, H&R Block, Frontdoor, Bright Horizons Family, CVS Group, CEWE Group, XPS Pensions Group and Musti Group.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Rollins$3.8B$854M4.5x4.2x19.8x19.1x
Madison Air$3.5B$697M4.2x3.9x21.1x14.6x
Service Corporation International$4.3B$1.3B3.7x3.6x11.9x11.7x
H&R Block$3.9B$1.1B1.7x1.7x6.3x6.2x
Frontdoor$2.1B$484M2.9x2.8x12.5x10.4x
Bright Horizons Family$2.9B$408M1.8x1.7x12.6x10.2x
CVS Group$904M$152M1.7x1.6x10.0x8.0x
CEWE Group$1B$160M0.8x0.9x5.3x5.3x

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Common questions about Schweiger Dermatology

When was Schweiger Dermatology founded?Schweiger Dermatology was founded in 2010.
Where is Schweiger Dermatology headquartered?Schweiger Dermatology is headquartered in New York City, NY, United States.
Is Schweiger Dermatology publicly listed?No, Schweiger Dermatology is a private, VC-backed company.
How much funding has Schweiger Dermatology raised?Schweiger Dermatology has raised $150M across 4 funding rounds.
What was Schweiger Dermatology's last funding round?Schweiger Dermatology's last funding round was a $100M undisclosed-stage round in May 2018, led by LNK Partners.
Who are Schweiger Dermatology's investors?Schweiger Dermatology's investors include LLR Partners, SV Health Investors and LNK Partners.
Which companies are comparable to Schweiger Dermatology?Companies comparable to Schweiger Dermatology include Rollins, Madison Air, Service Corporation International, H&R Block, Papa and Vagaro.
How many companies has Schweiger Dermatology acquired?Schweiger Dermatology has acquired 10 companies, including United Skin Specialists, Allergy & Asthma Care of New York, Lake Dermatology, Windsor Dermatology and Theta Dermatology.

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