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Altas Joins Ares as Investor in Unified Women’s Healthcare

November 09, 2020, 08:30 AM
Filed Under: Healthcare

Unified Women’s Healthcare (“Unified” or the “Company”), the leading practice management platform in women’s healthcare, today announced that it has entered into a definitive agreement to add Altas Partners (“Altas”) as a strategic partner. Altas, a long-term oriented investment firm, will become Unified’s largest investor, while Ares Management Corporation (“Ares”), in equal partnership with Altas, will continue to be a significant investor in the Company. As part of the transaction, private equity funds managed by Ares will make a significant new investment in the Company. The investments from Altas and Ares, alongside the physicians who are Unified’s partners, will enable the Company to expand the breadth of services it provides to its affiliated practices, provide capital for growth, and allow the Company to further invest in market-leading value-based care capabilities for providers and payers.

Founded in 2009, Unified’s mission is to empower physicians to positively impact and lead the effort to transform women’s healthcare for the benefit of their patients. Its strategic focus remains on the preservation of clinical autonomy and decision-making at the practice level, while advancing the impact of private practice through value-based care transformation. In addition to offering professional management expertise and innovative technology, Unified seeks to grow its affiliated practices through ancillary services and platform acquisitions. Today, Unified supports more than 1,800 providers in 12 states and the District of Columbia, who collectively care for more than 2 million women each year.

“We are thrilled to welcome Altas as our partner, and alongside Ares and our physician-owners, their collective investment is a testament to the strength of our affiliated practices and the national platform we have built,” said Bob LaGalia, President and Chief Executive Officer of Unified. “Altas and Ares both understand and support our core mission, which is to continue to support outstanding physicians as they improve women’s healthcare. This investment will allow Unified to continue to support our affiliated practices as they attract great physicians, provide best-in-class capabilities, and further our investments in value-based care.”

The transaction is expected to close in December 2020, subject to customary closing conditions and regulatory approvals.

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