Ob Hospitalist Group (OBHG), the largest dedicated provider of customized obstetric hospitalist programs in the nation, announced it has been acquired by Kohlberg & Company, LLC from Gryphon Investors, a San Francisco-based leading private equity firm focused on growing and enhancing mid-market companies in partnership with management. OBHG’s management team will remain with the company and retain a significant stake in OBHG.
Founded in 2006, OBHG is the leading national provider of 24-7 obstetric coverage, serving approximately 200 hospitals across 34 states. Headquartered in Greenville, South Carolina, OBHG’s vast network of 1,100 skilled and dedicated obstetric physicians across the nation provides premium critical care while improving patient safety and critical outcomes. Through its obstetric hospitalist programs, OBHG improves the standard of care for expectant mothers by ensuring consistent and unconditional access to medical care at hospitals nationwide.
Kohlberg & Company LLC is a Mount Kisco, New York-based private equity firm specializing in add-on acquisitions, follow-on acquisitions, expansions, turnarounds and equity and debt investments in buyouts of mature and middle-market companies. Since its inception in 1987, Kohlberg has completed 87 platform investments and approximately 200 add–on acquisitions, with an aggregate transaction value of nearly $30 billion.
Moelis & Company LLC and J.P. Morgan Securities LLC served as financial advisors to OBHG and Kirkland & Ellis LLP served as legal counsel. Paul, Weiss, Rifkind, Wharton & Garrison LLP served as legal counsel to Kohlberg. Antares Capital and Owl Rock Capital led the debt financing for the transaction.
