Waud Capital (Waud) has made an investment in Adult & Pediatric Dermatology (APDerm®). APDerm® offers complete medical, surgical, and cosmetic skincare for patients of all ages, from newborns to the elderly out of 10 clinical locations in New Hampshire and Massachusetts. Provident Healthcare Partners (Provident) served as exclusive financial advisor to APDerm®. APDerm® represents an attractive entry point for Waud into the highly fragmented and growing dermatology services market, and serves as a platform to execute a robust growth strategy driven by provider recruitment, new office openings, practice acquisitions and strategic partnerships. The terms of the transaction were not disclosed.

“Dr. Goos (Founder) and the shareholders of Adult & Pediatric Dermatology have steadily built an exceptional platform that enables clinicians to provide the highest quality patient care. Waud Capital’s close alignment with the shareholders from a business and philosophical standpoint will undoubtedly allow the organization to efficiently grow throughout New England and beyond,” stated Ajeya Shekar, Senior Associate at Provident.

“Adult & Pediatric Dermatology is thrilled to partner with Waud Capital,” noted Dr. Samuel Goos, Founder of APDerm®. “The team at Waud is uniquely experienced in building industry leading physician practices with continued emphasis on quality of care and clinical excellence. This partnership provides APDerm® with incremental experience and resources as well as access to significant growth capital that will allow us to accelerate the pace at which we pursue practice partnerships and de novo growth opportunities. We are committed to retaining our strong culture of high-quality dermatology services and clinical excellence while expanding APDerm’s geographic presence.”

About Adult & Pediatric Dermatology
Founded in 1992, Adult & Pediatric Dermatology provides comprehensive, integrated dermatology services through a team of 30 clinical providers. Adult & Pediatric Dermatology strives to deliver exceptional dermatologic care by making comprehensive dermatology services available and accessible to its patients within their communities, and supports its primary care healthcare providers with easy access and rapid communication. APDerm’s providers and staff work as a team to provide excellent, coordinated, cost-effective dermatology care. For more information, visit

About Waud Capital
Based in Chicago, Waud Capital Partners is a leading growth-oriented private equity firm with total capital commitments of approximately $2.1 billion since its founding in 1993. Waud Capital partners with exceptional management teams to build market leading companies within two industries: healthcare services and business and technology services. Since its founding, Waud Capital has successfully completed more than 220 investments, including platform companies and follow-on opportunities. For more information, visit

About Provident Healthcare Partners
Provident is the leading investment banking firm specializing in merger and acquisition advisory, strategic planning, and capital formation for middle-market and emerging growth healthcare companies. The firm has a vast network of high-level, senior industry contacts, comprehensive knowledge of market sectors and specialties, and unsurpassed experience and insight into the M&A process. Provident uncovers value and opportunities that others often overlook to create transaction premiums for its clients. For more information, visit

Provident Healthcare Partners
Gina Casiello


  • “While the decision to sell our business was a difficult one, Provident vigilantly represented and protected our best interests throughout the transaction.  Provident was the right choice for Cascade and I would recommend their services to anyone.”

  • “We would not have been successful navigating the process without Provident’s hard work and active participation. They exceeded our expectations and we would highly recommend them to any health care company seeking a knowledgeable and engaged investment banking firm.”

  • “Provident listened to our story, confirmed that our business was valuable and made us feel like this was the only transaction important to them.”

  • “Provident’s depth of experience and practical business savvy was demonstrated in their ability to cut through what sometimes looked like impasse.”

  • “After working with Provident on several transactions, it is evident that their extensive industry knowledge and deal expertise prove to be invaluable to their clients.”

  • “A lot of investment bankers were interviewed, Provident was chosen. Provident delivered. My clients could not be happier.”

  • ”I have a tremendous amount of appreciation and gratitude to the Provident team for their hard work and diligence throughout this process. Each and every member of the Provident team is excellent at their jobs and it has been a pleasure working with such a professional team. Provident has provided outstanding guidance and counsel, and this deal could never have gotten done without Provident’s leadership.”