Women’s Health remains a leading area of interest for private equity investment in healthcare. Since initial investment began in 2013 when Unified Women’s Healthcare was established by Ares, there has been a wave of consolidation throughout many regions of the US. While there have been a handful of platforms created in recent years, there is still ample opportunity for “first movers” in many markets. Private equity firms looking to enter the women’s health space will seek to partner with physicians that are committed to achieving optimal outcomes for their patient base. Once a new platform is established, financial sponsors will look to find add-on acquisitions to build regional density and expand geographic reach. Although there has been a substantial amount of deal activity in recent times, there is still a considerable opportunity to partner with a private equity sponsor. The opportunity remains very strong for groups with an interest in pursuing a partnership with private equity to achieve their long-term goals and succession plans.
Recent Transaction Activity in Women’s Health
Date
Target
PE Sponsor
Platform
State
September 2021
Valley Women for Women
Atlas Partners
Unified Women’s Healthcare
AZ
August 2021
Women’s Health USA
Atlas Partners
Unified Women’s Healthcare
5 States
August 2021
West Valley Women’s Care
Sverica Capital
Women’s Health USA
AZ
June 2021
CCRM Fertility
Atlas Partners
Unified Women’s Healthcare
NY
June 2021
OBGYN Associates of North Jersey
Partners Group
Axia Women’s Health
NJ
May 2021
Axia Women’s Health
Partners Group
Axia Women’s Health
NJ
February 2021
Together Women’s Health
Shore Capital Partners
Together Women’s Health
MI
January 2021
Care First
Audax Group
Axia Women’s Health
NJ
December 2020
Women’s Care Enterprises
BC Partners
FL, CA, KY
December 2020
Desert Perinatal Associates
Sverica Capital
Women’s Health USA
NV
December 2020
Mid Atlantic Women’s Care
Atlas Partners
Unified Women’s Healthcare
VA, NC
December 2020
Unified Women’s Healthcare
Atlas Partners
12 States
November 2020
Women’s Health Group
Shore Capital Partners
CO
September 2020
Women’s Health USA
Sverica Capital
Women’s Health USA
NV
September 2020
Women’s Health Associates of Southern Nevada
Sverica Capital
Women’s Health USA
NV
June 2020
Reiter, Hill, Johnson & Nevin
Assured Healthcare Partners
Advantia Health
DC, MD, VA
June 2020
Seven Hills Women’s Health Centers
Audax Group
Axia Women’s Health
OH
March 2020
Seven Hills OB-GYN Associates
Audax Group
Axia Women’s Health
OH
March 2020
Rubino OB/GYN Group
Audax Group
Axia Women’s Health
NJ
January 2020
Southern California Reproductive Center
Lindsay Goldberg
Women’s Care Enterprises
CA
January 2020
Oceanside OB/GYN
Audax Group
Axia Women’s Health
NJ
January 2020
Advantia Health
Assured Healthcare Partners
IL, MD, MO, VA,
January 2020
Women’s Health of Central Massachusetts
Sverica Capital
Women’s Health USA
MA
About Our Firm
Physician Growth Partners (PGP) is a transaction advisory firm working exclusively with independent physician groups in transactions with private equity.
We are differentiated Healthcare Transaction Advisors who provide:
Senior partner involvement at every stage of the process
Extensive physician practice transaction experience
Unmatched relationships with all key private equity and strategic buyers interested in women’s health
Educational approach focusing on both partnership and cultural fit, while simultaneously achieving a market clearing valuation