Bundy Group advises Dermatology Associates of Montgomery in a sale to Advanced Dermatology and Cosmetic Surgery

October 2, 2020

Montgomery, AL, October 1, 2020 – Bundy Group is pleased to announce that Dermatology Associates of Montgomery, a leading dermatology practice based in the Southeast, has been acquired by Advanced Dermatology and Cosmetic Surgery (“ADCS”), the largest dermatology practice in the country. Bundy Group served as exclusive financial advisor to Dr. Steve Maddox, owner of Dermatology Associates of Montgomery, in the sale. Dr. Maddox retained Bundy Group based on the investment bank’s extensive experience in the healthcare and dermatology segments.

“It is an honor to welcome dermatologists of the caliber of Drs. Maddox and Mountcastle to our practice,” said Advanced Dermatology and Cosmetic Surgery’s Founder and Executive Chairman Dr. Matt Leavitt. “Dermatology Associates of Montgomery has earned a reputation for excellence for more than 50 years. They share our commitment to providing comprehensive dermatologic care to everyone in a welcoming environment that elevates the patient experience and adheres to the highest standards of quality and patient safety. We look forward to supporting their continuing service to families in the Montgomery area.”

ADCS CEO Brian Griffin said, “We extend a warm welcome to Drs. Maddox and Mountcastle and all the patients and staff of Dermatology Associates of Montgomery. Welcome to our family of practices dedicated to high quality and excellent service. We look forward to our continuing journey together.”

Dr. Maddox is board certified and holds a lifetime certificate from the American Board of Dermatology. A U.S. Navy veteran, he is a clinical associate professor of medicine at UAB Health Center Montgomery and is active in teaching medical students and residents. Dr. Maddox has been published in the Journal of the American Academy of Dermatology.

Dr. Mountcastle is board certified and was a flight surgeon in the U.S. Air Force. She has been with Dermatology Associates of Montgomery since 1990 and has been published in the Journal of the American Academy of Dermatology and the Archives of Dermatology.

They formulate individualized treatment plans for patients and take a systematic approach to monitoring their health with annual Total Body Skin Cancer Exams and other tools, which help to detect skin cancer and other concerns at the earliest, most treatable stages.

”We have admired the commitment to quality, service and integrity demonstrated by the team at ADCS and look forward to working more closely with them as we continue to serve our patients and build our practice with their support,” said Drs. Maddox and Mountcastle.


Bundy Group is a boutique investment bank with offices in Charlotte, New York, and Virginia. Bundy Group has a deep track record in the healthcare segment, which includes advising physician practice providers. The highly experienced team within Bundy Group specializes in representing business and practice owners in business sales, capital raises, and acquisitions. To learn more about Bundy Group, please visit www.bundygroup.com.


Based in Montgomery, Alabama, Dermatology Associates of Montgomery is recognized as a leading dermatology provider within the Southeast. Over its 50-year history, Dermatology Associates of Montgomery has been committed to providing the highest quality patient care.


Advanced Dermatology and Cosmetic Surgery is the largest premier dermatology practice in the country. With more than 140 offices in 14 states, Advanced Dermatology and Cosmetic Surgery is one of the nation’s premier providers of practice management services to dermatologists and has partnered with more than 50 practices since 2012. Advanced Dermatology’s mission is to increase access to high quality dermatologic care by providing exceptional business support services to practicing dermatologists.

To learn more about Advanced Dermatology or to inquire about opportunities to partner with us, visit www.advancedderm.com.

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