Annapolis, MD, May 2, 2016 — Anne Arundel Dermatology Management (“ADM”), a portfolio company of New MainStream Capital (“NMS”), announced today that it has acquired Montgomery Dermatology Associates, LLC. Founded by Dr. Walter J. Giblin, he and his team of physicians have over 40 years of experience in providing general, surgical and cosmetic dermatology services to the Washington D.C. metro area. The practice, located in Rockville, Maryland, will operate under the “Anne Arundel Dermatology” brand name.
“We are excited to expand our footprint in the southern Maryland / Washington D.C. metro area with this acquisition.” said Ed Ponatoski, Chief Executive Officer of ADM. “Dr. Giblin has built a great practice with a tremendous team providing high-quality care and we are delighted to welcome their patients into the Anne Arundel family.”
Dr. Giblin commented, “I am delighted to be joining Anne Arundel Dermatology. an outstanding practice with a great culture of supporting its physicians. My practice and our patients will greatly benefit from being a part of a larger organization with more services and support for our patients.”
Martin Chavez, Managing Partner at NMS, added, “We are excited to have another high-quality practice join Anne Arundel. We are very pleased that we have been able to execute on our stated strategy of supporting the growth of Anne Arundel Dermatology through acquisitions. This transaction expands our presence in Maryland and further solidifies our market leadership in the state.”
With this transaction, ADM has completed its third acquisition since its recapitalization in June 2015.