Unified Women’s Healthcare Acquires Women’s Health USA
BOCA RATON, Fla. & AVON, Conn.--(BUSINESS WIRE)--Aug 24, 2021--
Unified Women’s Healthcare (“Unified”), a leading practice management platform in women’s healthcare backed by Altas Partners (“Altas”), funds managed by the Private Equity Group of Ares Management Corporation (“Ares”) and Oak HC/FT, today announced that it has acquired Women’s Health USA (“WHUSA”), a national leader in practice management services for the women’s health sector. Sverica Capital Management, the current majority shareholder in WHUSA, has reinvested a portion of its proceeds into the combined company. Financial terms were not disclosed.
Through this combination, Unified and WHUSA represent the largest physician practice management company dedicated solely to women in the United States. Together, they will provide comprehensive business services to more than 2,500 providers across nearly 900 locations across North America. By helping providers to focus on delivering the highest standards of care to ensure better patient outcomes, Unified and WHUSA will advance their shared vision for all women to have the best healthcare in the world.
“We are thrilled to join forces with Women’s Health USA,” said Bob LaGalia, president and CEO of Unified. “WHUSA was a pioneer in women’s healthcare and has established a market-leading position across several of the fastest growing regions in the country. It is highly regarded for its focus on innovative technology solutions, strong value-based programs and development of comprehensive delivery networks. Unified’s combination with Women’s Health USA, along with our recent strategic partnership with CCRM Fertility, will further solidify our company’s position as a vital platform providing significant value for physicians and patients across the spectrum of women’s healthcare.”
“Women’s Health USA was founded more than two decades ago with a singular focus and passion for positively shaping the direction of women’s healthcare in the United States, and today’s milestone marks the next phase of our journey as we continue to empower physicians with the resources necessary to provide the best possible care for women,” said Nancy Bernstein, Division President of WHUSA.
Andrea Balogh, Division President of WHUSA, further commented, “Unified and Women’s Health USA share a deep commitment to transitioning women’s healthcare delivery to value-based care, and we are confident that, together, we will be able to play an even more active role in moving the industry forward and enhancing healthcare for women across the country.”
About Unified Women’s Healthcare
Unified Women’s Healthcare is a diversified women’s health company focused on providing a better experience for patients, for the people who care for them and for the people and organizations who pay for that care. To support its vision of providing women with the best healthcare in the world, Unified has expanded beyond its leading OBGYN management services platform to include reproductive healthcare services, through its strategic partnership with CCRM Fertility, and the advancement of high-risk maternity care management services, with its acquisition of Lucina. As a physician led company, Unified seeks innovative ways to preserve clinical autonomy, alleviate business and regulatory burdens of running a practice, and empower physicians to make the greatest impact on transforming women’s healthcare for their patients. To learn more, please visit unifiedwomenshealthcare.com.
About Women’s Health USA
Women’s Health USA is a provider of practice management and emerging value-based care services to more than 600 women’s health providers across seven states. Given its unique focus on women, paired with dynamic growth, Women’s Health USA is poised to play an influential role in developing new cost effective, value-based modes of care delivery. For 22 years, the company has successfully implemented innovative growth strategies and driven streamlined operational costs, payer alignment, ancillary services development, brand development strategies and risk management services. Its unique partnership model enables women’s health groups to operate independently, while leveraging the resources and influence of a national organization. To learn more, please visit womenshealthusa.com or contact Leslie Stedman at 860.678.3478 or email@example.com.
About Altas Partners
Altas Partners is an investment firm with a long-term orientation focused on acquiring significant interests in high-quality, market-leading businesses in partnership with outstanding management teams. Key elements of our approach include responsible capital structures, active ownership through strategic and operational support and an emphasis on sustainable value creation. We strive to deliver excellent investment returns for our investing partners. Altas invests on behalf of endowments, foundations, public pension funds and other institutional investors.
For more information, please visit www.altas.com.
About Ares Management Corporation
Ares Management Corporation (NYSE: ARES) is a leading global alternative investment manager offering clients complementary primary and secondary investment solutions across the credit, private equity, real estate and infrastructure asset classes. We seek to provide flexible capital to support businesses and create value for our stakeholders and within our communities. By collaborating across our investment groups, we aim to generate consistent and attractive investment returns throughout market cycles. As of June 30, 2021, including the acquisition of Black Creek Group, which closed July 1, 2021, Ares Management’s global platform had approximately $262 billion of assets under management with approximately 2,000 employees operating across North America, Europe, Asia Pacific and the Middle East. For more information, please visit www.aresmgmt.com. Follow Ares on Twitter @Ares_Management.
About Sverica Capital Management
Sverica Capital Management is a leading growth-oriented private equity firm that has raised over $1.1 billion across five funds. The firm acquires, invests in and actively builds companies that are, or could become, leaders in their industries. Since inception, Sverica has followed a “business builder” approach to investing and takes an active supporting role in its portfolio companies. Sverica devotes significant internal time and resources to help its management teams develop and execute growth strategies and proactively looks for levers to pull to accelerate growth by reinvesting back into those companies. Sverica firmly believes in building businesses collaboratively that can endure for the long term by starting with a strong foundation and bringing the right people and playbook to drive reinvestment and ultimately strong returns for our investors.
For more information, please visit www.sverica.com
View source version on businesswire.com:https://www.businesswire.com/news/home/20210824005773/en/
CONTACT: For Unified Women’s Healthcare:
Heather Schueppert, +1 (832) 628-6210
firstname.lastname@example.orgFor Women’s Health USA:
Leslie Stedman, +1 (860) 678-3478
Sard Verbinnen & Co
Julie Rudnick / Kevin Siegel
Bill Mendel, +1 (212) 397-1030
email@example.comCarl Drake, +1 (800) 340-6597
firstname.lastname@example.orgPriscila Roney, +1 (212) 808-1185
email@example.comFor Sverica Capital Management:
KEYWORD: UNITED STATES NORTH AMERICA FLORIDA CONNECTICUT
INDUSTRY KEYWORD: CONSULTING BABY/MATERNITY BANKING PRACTICE MANAGEMENT PROFESSIONAL SERVICES HEALTH GENERAL HEALTH WOMEN FAMILY CONSUMER FINANCE
SOURCE: Altas Partners
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PUB: 08/24/2021 02:34 PM/DISC: 08/24/2021 02:34 PM