Gryphon to buy Ob Hospitalist Group from Ares
Gryphon Investors said July 6 that it is buying Ob Hospitalist Group from Ares Management LP. Financial terms weren’t announced. Ares, along with OBHG founders Dr. Chris Swain and David Swain, will retain a minority stake. OBHG, of Maudlin, South Carolina, is an OB/GYN hospitalist provider in the U.S with a national network of over 550 OB hospitalists serving more than 120 partner hospitals across 28 states. Moelis & Company LLC and Jefferies LLC provided financial advice to Ob Hospitalist Group. Kirkland & Ellis LLP acted as legal counsel to Gryphon, while Proskauer Rose LLP advised OBHG and Ares.
6 July 2017•5 mins read
