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- Schweiger Dermatology
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
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
Website
Status
Privately held
Customer focus
B2C
Revenue model
Services
Sectors
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
| Date | Stage | Investors | Raised | Deal Summary |
|---|---|---|---|---|
| May 2018 | Undisclosed stage | LNK Partners (lead) | $100M | Schweiger 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 2016 | Undisclosed stage | LLR Partners (lead) | $35M | Schweiger 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 2015 | Series A | SV Health Investors (lead) | $12M | Schweiger 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 2013 | Seed | - | $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
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 1 | Lead | Apr 2016 | ||
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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialAcquisitions 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
| 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 Country | |||||
| HQ City | Minneapolis, MN | New York City, NY | Washington, DC | - | |
| Deal Date | 9 Jan 2024 | 19 Sep 2023 | 12 Jul 2023 | 25 Apr 2023 | |
| Valuation | undisclosed | undisclosed | undisclosed | undisclosed | |
| EV/Revenue | |||||
| EV/EBITDA | |||||
This data is available for Pro users. Sign up to see all Schweiger Dermatology acquisitions and their M&A valuation multiples. Start Free Trial | |||||
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.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $3.8B | $854M | $16B | 4.2x | ||
| Publicly listed | $3.5B | $697M | $12B | 3.9x | ||
| Publicly listed | $4.3B | $1.3B | $11B | 3.6x | ||
| Publicly listed | $3.9B | $1.1B | $5.5B | 1.7x | ||
| Private | - | - | $1.4B | - | ||
| Private | - | - | $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 FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $3.8B | $854M | 4.5x | 4.2x | 19.8x | 19.1x | |||
| $3.5B | $697M | 4.2x | 3.9x | 21.1x | 14.6x | |||
| $4.3B | $1.3B | 3.7x | 3.6x | 11.9x | 11.7x | |||
| $3.9B | $1.1B | 1.7x | 1.7x | 6.3x | 6.2x | |||
| $2.1B | $484M | 2.9x | 2.8x | 12.5x | 10.4x | |||
| $2.9B | $408M | 1.8x | 1.7x | 12.6x | 10.2x | |||
| $904M | $152M | 1.7x | 1.6x | 10.0x | 8.0x | |||
| $1B | $160M | 0.8x | 0.9x | 5.3x | 5.3x | |||
This data is available for Pro users. Sign up to see all Schweiger Dermatology competitors and their valuation data. Start Free Trial | ||||||||
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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