Two Firms Deliver Kohlberg’s Buy of Ob Hospitalist Group

Paul, Weiss advised New York-based private equity firm Kohlberg & Co. on its acquisition of Ob Hospitalist Group, which calls itself the biggest U.S. provider of customized hospital-based obstetric programs.

Kirkland & Ellis advised Ob Hospitalist on the transaction, for which no financial details were provided. The seller was San Francisco-based private equity firm Gryphon Investors Inc., according to a statement.

Greenville, S.C.-headquartered Ob Hospitalist, founded in 2006, said its national network has over 1,100 obstetric clinicians who provide patient care exclusively in a hospital setting. Its programs serve around 200 partner hospitals across 34 states, typically providing an around-the-clock OB/GYN onsite service and an obstetric emergency department.

Kohlberg partner Evan Wildstein said the company is well–positioned. It has “a unique value proposition, positively impacting patient lives and outcomes while also delivering value to physicians and hospital partners,” he said.

Ob Hospitalist Group’s management team is staying in place and retains a significant stake in the company, the statement said.