Sverica sells Ladies’s Well being USA to Unified Ladies’s Healthcare

BOSTON–(BUSINESS WIRE) – Sverica Capital Management LP (“Sverica”) today announced the sale of Women’s Health USA (“WHUSA” or the “Company”), a provider of practice management and emerging value services, to Unified Women’s Healthcare (“Unified”, a Leading practice management platform in gynecology, supported by Altas Partners, funds managed by Ares Management Corporation’s private equity group, and Oak HC / FT. Sverica will retain an interest in the combined company.

The merger with Unified marks the culmination of a four-year investment by Sverica, which acquired a majority stake in WHUSA from its founder Robert Patricelli in 2017. Under Sverica’s ownership, WHUSA transformed from a managed services organization primarily serving one customer in a single market to a national leader in women’s health, working with leading practices in five states.

Dave Finley, Managing Partner at Sverica, said, “I am proud that Sverica was an early entry into the women’s health space among private equity investors. We identified a platform with a strong core of industry-leading executives and, together with that leadership team, turned a managed service provider into one of the most prominent practice management groups in the country with a focus on women’s health. It was a great experience for Sverica. ”

Gregg Osenkowski, Partner at Sverica added, “When Sverica partnered with WHUSA, we had an ambitious plan to build a leading women’s health organization by enabling great doctors to remain independent and move to value-based care. We have made amazing progress in just four years. In Unified we have found a like-minded partner with whom we can continue this mission. ”

“Sverica was a valuable partner for WHUSA in the transition from a regional to a national company. Your support for our mission to advance women’s health care and transition to values-based care has been critical to our success as an organization, “said Andrea Balogh, General Counsel and Division President of WHUSA. Nancy Bernstein, Division President, commented, “Sverica immediately appreciated the extensive expertise WHUSA pioneered in women’s health. Their strategic vision was a catalyst that helped make WHUSA the company it is today. We are happy that you will continue to be involved when we get together with our new partners. ”

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 care providers in seven states. With its unique focus on women coupled with dynamic growth, Women’s Health USA is poised to play an influential role in developing new cost-effective, value-based care solutions. For 22 years, the company has been successfully implementing innovative growth strategies and driving optimized operating costs, cost unit alignment, development of additional services, brand development strategies and risk management services. Its unique partnership model enables women’s health groups to work independently while leveraging the resources and influence of a national organization. To learn more, please visit womenshealthusa.com or contact Leslie Stedman at 860.678.3400 or [email protected]

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 company acquires, invests in, and actively builds companies that are or could become leaders in their industry. Since its inception, Sverica has followed a “business builder” approach to investing and has taken an active support role in its portfolio companies. Sverica spends significant in-house time and resources helping its management teams develop and execute growth strategies, and is proactively seeking leverage to accelerate growth by reinvesting in these companies. Sverica firmly believes in building businesses together that can last for the long term by starting with a strong foundation and bringing the right people and the right playbook to drive reinvestment and ultimately, strong returns for our investors. More information is available at www.sverica.com.

About Unified Women’s Healthcare

Unified Women’s Healthcare is a diversified women’s health company focused on providing a better experience for patients, the people who care for them, and the people and organizations who pay for that treatment. In addition to its leading platform for OBGYN management services, Unified has incorporated reproductive health services through its strategic partnership with CCRM Fertility and the advancement of management services for high-risk maternity care, with the acquisition to support its vision of providing women with the best healthcare in the world from Lucina. As a medical-run company, Unified seeks innovative ways to maintain clinical autonomy, reduce the business and regulatory burden on a practice, and empower physicians to have the greatest impact on transforming women’s health care for their patients. To learn more, please visit unifiedwomenshealthcare.com.

About Alta’s partners

Altas Partners is a long-term investment company focused on acquiring significant stakes in high quality, market leading companies in partnership with outstanding management teams. Key elements of our approach are responsible capital structures, active personal responsibility through strategic and operational support and the emphasis on sustainable value creation. We strive to generate excellent investment returns for our investment partners. Altas invests on behalf of foundations, trusts, public pension funds and other institutional investors. More information is available at www.altas.com.

About Ares Management Corporation

Ares Management Corporation (NYSE: ARES) is a leading global alternative investment manager providing complementary primary and secondary investment solutions to clients in the credit, private equity, real estate and infrastructure asset classes. We strive to provide flexible capital to support businesses and create value for our stakeholders and within our communities. By working together across our investment groups, we aim to achieve consistent and attractive investment returns across all market cycles. As of June 30, 2021, including the acquisition of Black Creek Group which completed July 1, 2021, Ares Management’s global platform had assets under management of approximately East 262 billion. Please visit www.aresmgmt.com for more information. Follow Ares on Twitter @Ares_Management.

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