Physician Growth Partners (PGP) announced that it acted as an advisor to The Woman’s Group in its sale to Femwell Group Health.
The Woman’s Group is a leading OB/GYN practice with four locations Florida: two in Tampa, one in Lutz and one in Riverview. According to its website, the practice has 29 providers on staff.
Femwell Group Health, backed by Los-Angeles, California-based investment firm LightBay Capital, is a leading management services organization providing cost-effective business solutions to physicians. It is based in Miami, Florida.
This transaction marks Femwell’s first acquisition of the year. The financial terms were not disclosed.
According to data captured in the LevinPro HC database, this transaction marks the 134th Physician Medical Group (PMG) deal of 2024, and the fifth in the OB/GYN specialty. Throughout 2023, 536 PMG and 26 OB/GYN transactions were reported.
According to the press release, the transaction represents the third OB/GYN acquisition PGP has advised over the last eighteen months. In August 2022, PGP advised Northwestern Specialists for Women on its acquisition by North Shore Associates in Gynecology and Obstetrics. Additionally, in June 2023, PGP acted as the advisor to Association for Women’s Health Care on its acquisition by Unified Women’s Healthcare.
