Sverica Sells Women’s Health USA to Unified Women’s Healthcare
August 26, 2021
Boston, MA – Sverica Capital Management LP (“Sverica”) announced today the sale of Women’s Health USA (“WHUSA” or the “Company”), a provider of practice management and emerging value-based services, to Unified Women’s Healthcare (“Unified”), a leading practice management platform in women’s healthcare backed by Altas Partners, funds managed by the Private Equity Group of Ares Management Corporation, and Oak HC/FT. Sverica will retain an equity investment in the combined company.
The combination with Unified represents the culmination of a four-year investment by Sverica, which in 2017 acquired a majority interest in WHUSA from its founder Robert Patricelli. Under Sverica’s ownership, WHUSA transformed from a managed service organization primarily serving one customer in a single market to a national leader in women’s health partnering with leading practices in five states.
Dave Finley, Managing Partner at Sverica stated, “I am proud that Sverica was an early entrant among private equity investors into the women’s health space. We identified a platform with a strong core of industry-leading executives and together with that leadership team, transformed a managed service provider into one of the preeminent practice management groups focused on women’s health in the country. This has been 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 physicians to remain independent and transition to value-based care. We made amazing progress in just four years. In Unified, we found a like-minded partner with whom we could continue that mission.”
“Sverica has been a valuable partner to WHUSA as we transitioned from a regional to a national company. Their support of our mission of advancing healthcare for women and transitioning to value-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, remarked “Sverica immediately appreciated the deep expertise WHUSA had developed as a pioneer in women’s health. Their strategic vision was a catalyst that helped propel WHUSA into the company it is today. We are excited that they will remain involved as we join 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 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 860.678.3400 or lstedman@womenshealthct.com.
SOURCE: Sverica Capital