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Triangle Capital Provides $20MM Credit Facility to Schweiger Dermatology Group

June 23, 2017, 07:15 AM
Filed Under: Medical

Schweiger Dermatology Group announced that it has secured a $20 million debt facility from Triangle Capital Corporation to help fund and support its growth. Under the terms of this facility, the total funding may be increased to $30 million in the near term and has the potential to grow to $50 million over the life of the facility. The capital will be deployed by SDG to continue with its de novo expansion and acquisition strategy in the Northeast. With over 20 locations in the New York metro area, Schweiger Dermatology Group is the largest dermatology group in the region and continues to expand and break new ground in the field of dermatology with modern, state-of-the-art offices, same day appointments, and extended hours along with top notch providers, cutting edge treatments and excellent patient care.

 “We are focused on creating the ultimate patient experience, which consists of providing convenient access to top dermatology providers in the greater New York metropolitan area, in state of the art facilities,” says Dr. Eric Schweiger, founder and C.E.O. of SDG. “We are excited to partner with TCAP, which will help us to deliver our vision of modern dermatological care to even more patients.”

Adds James Burke, Managing Director at TCAP: “We have been impressed with the platform and team that Dr. Schweiger has built to date and we look forward to supporting the Company as it continues to expand its footprint in the future.”

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