Ob Hospitalist Group Announces Partnership with Kohlberg & Company |
GREENVILLE, South Carolina, September 27, 2021 / PRNewswire / – Ob Hospitalist Group (“OBHG” or the “Company”), the nation’s largest and only provider of personalized obstetric (“OB”) hospital programs, today announced that Kohlberg & Company, LLC (“Kohlberg”), a leading private equity firm based in new York, acquired the Company from Gryphon Investors (“Gryphon”). The Company’s management team remains with OBHG and will retain a significant stake in the Company.
Founded in 2006, OBHG is the nation’s largest provider of obstetric hospitalists, highly skilled physicians who provide patient care exclusively in hospital settings. The Company has a nationwide network of more than 1,100 obstetric clinicians serving approximately 200 partner hospitals in 34 states. Thanks to its obstetrical inpatient programs, which generally consist of an on-site OB / GYN 24/7 and an emergency obstetric service (OBED), the Company improves the quality of care for pregnant women by ensuring consistent and unconditional access to medical care in hospitals across the country. OBHG’s collaborative approach to partnering with community physicians and hospital leaders, combined with its deep and singular focus on OB hospital medicine, enables OBHG to improve clinical quality, reduce patient burden. medical risk and increase the effectiveness of care.
Lenny castiglione, CEO of OBHG, said, “Gryphon has been a great partner, bringing passion for our mission, expert advice and strategic resources to position OBHG for the next evolution of our impact on the women’s health landscape. We appreciate their contributions and are delighted to align now with Kohlberg as we continue to pursue our goal of expanding access for women and their families to the OBHG standard of care. “
Evan wildstein, Partner of Kohlberg, said: “We are delighted to partner with Lenny and the OBHG team to support the best clinical care in the company. OBHG is well positioned as a market leading provider of obstetric hospital services with a unique value proposition, positively impacting patient lives and outcomes while also delivering value to physicians and hospital partners. “
Nick orum, Chairman of Gryphon and Co-Head of the Firm’s Healthcare Group, added: “Gryphon is delighted to have supported OBHG with the resources to further establish itself as the best-in-class company in the service industry. Outsourced obstetrics. , and safer patient care, while improving the work-life balance of obstetricians. “
Kevin blank, Gryphon Healthcare Operating Partner, commented, “The company has made significant progress in engaging physicians, improving clinical quality, reducing medical risks and increasing the efficiency of childbirth care, creating better outcomes. for pregnant women while preparing the company for its next phase of its growth. “
Moelis & Company LLC and JP Morgan acted as financial advisers to OBHG and Kirkland & Ellis LLP as legal advisers. Paul, Weiss, Rifkind, Wharton & Garrison LLP acted as legal counsel to Kohlberg. Antares Capital and Owl Rock Capital led the debt financing for the transaction.
About the Ob Hospital Group
OBHG, founded in 2006, is the nation’s leading provider of 24/7 obstetric coverage, serving approximately 200 hospitals in 34 states. Based at Greenville, South Carolina, OBHG’s national network of more than 1,100 skilled and dedicated obstetricians provides best-in-class critical care while improving patient safety and clinical outcomes. The Company’s specialized services benefit patients, physicians, payers, OB / GYN community groups and hospitals, and support the long-term growth of its partners. For more information, please visit www.obhg.com.
About Kohlberg & Company, LLC
Kohlberg & Company, LLC (“Kohlberg”) is a leading private equity firm headquartered in Mount Kisco, New York. Since its inception in 1987, Kohlberg has organized nine private equity funds, through which it has raised more than $ 12 billion of committed equity. Over its 35-year history, Kohlberg has made 87 platform investments and around 200 add-on acquisitions, with an aggregate transaction value of nearly $ 30 billion. For more information, please visit www.kohlberg.com.
About Gryphon Investors
Situated at San Francisco, Gryphon Investors is a leading private equity firm focused on growing and improving mid-sized businesses in partnership with management. The company has managed more than $ 5 billion equity and capital investments since 1997. Gryphon aims to make equity investments of $ 50 million To $ 300 million in portfolio companies with sales ranging from approximately $ 100 million To $ 600 million. Gryphon prioritizes investment opportunities where it can form strong partnerships with owners and managers to build leading businesses, utilizing Gryphon’s capital, specialized professional resources and operational expertise. For more information, visit www.gryphoninvestors.com.
Contact for OBHG:
Corporate Marketing Manager
Contact for Kohlberg:
Finsbury Glover Hering
Andrew Johnson / Sophie Templin
[email protected] / [email protected]
Contact for Griffon:
Lambert & Cie.
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SOURCE Ob Hospital Group