Physician Growth Partners announced that Webster Equity Partners was creating a new OB/GYN practice with the acquisition and merger of Women’s HealthFirst and WomanCare.
Women’s HealthFirst is an OB/GYN practice with five locations in Illinois. According to its website, there are 10 physicians on staff.
Run by 17 physicians, WomanCare is an OB/GYN practice that is based in four locations in Illinois.
Founded in 2003, Webster Equity Partners is a private equity firm that invests in the branded consumer and healthcare services industries and provides equity financing, expertise and a broad contact network for management buyouts and growth capital.
Physician Growth Partners acted as an advisor, marking the ninth transaction the advisory firm has worked on in 2024. The financial terms of the merger were not disclosed.
According to data in the LevinPro HC database, this transaction marks the 472nd Physician Medical Group acquisition of 2024, and the 17th in the OB/GYN specialty. Throughout all of 2023, 26 OB/GYN transactions were reported.
