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Coker Capital Advisors Advises Anne Arundel Dermatology in its Partnership with New MainStream Capital

Atlanta, GA/Charlotte, NC – Coker Capital Advisors announced today that Anne Arundel Dermatology (“AAD”), the largest dermatology provider in Maryland, has partnered with New MainStream Capital (“NMS”) to form a dermatology practice management services platform. The new management services platform, AAD Dermatology Management (“ADM”), will provide capital to AAD to support future growth initiatives, such as de novo office openings and acquisitions. Coker Capital Advisors acted as the exclusive financial advisor to AAD in this transaction.  Terms of the transaction were not disclosed.

“We are thrilled with our decision to hire Coker Capital as our advisors,” said Ed Ponatoski, Chief Executive Officer, of AAD. “Coker Capital’s extensive experience in the dermatology industry and expertise navigating private equity investment in physician practices created a superior transaction outcome and enabled us to identify the ideal partner to support AAD in its next phase of growth.”

“Coker Capital’s senior team invested the time to develop an in depth understanding of our practice’s culture and transaction objectives” added Dr. Richard Pfau.  “They combined our priorities with their deep relationships with investors interested in the dermatology sector, enabling us to spend time with only those groups who offered both a great cultural fit and a high probability of closing. The process was highly efficient and we couldn’t be more pleased with the results and our new partnership with NMS.”  

This represents Coker Capital’s fourth dermatology practice transaction, making the firm the most active investment bank within the sector.  

About Anne Arundel Dermatology  

Anne Arundel Dermatology is a leading provider of dermatological services in Maryland. Headquartered in Severna Park, Maryland and with 16 locations and over 30 providers throughout Maryland. AAD is the largest dermatology practice in the state providing a comprehensive suite of dermatologic services, offering general dermatology, advanced treatment options for skin cancer and cosmetic procedures.

For additional information on Anne Arundel Dermatology, visit the Company’s website at www.aadermatology.com. 

About New MainStream Capital

New MainStream Capital is a private investment firm specializing in strategic equity investments and leveraged buyouts of lower middle market companies. NMS focuses on companies headquartered in the U.S. poised to benefit from sustainable growth trends. NMS has invested across a broad spectrum of industries, with particular concentration on service oriented businesses in the following three sectors: Healthcare Services, Business Services, and Consumer Products and Services.

For additional information on NMS, visit the firm's website at www.nms-capital.com.

About Coker Capital Advisors

Coker Capital Advisors is a healthcare-focused investment bank offering mergers and acquisitions, capital raising, and other strategic advisory services to privately and publicly owned middle market healthcare companies. The firm’s website is www.cokercapital.com.