A Chicago private equity firm acquired two metro Detroit obstetrics practices in a roll-up growth strategy.
The platform investment by Shore Capital Partners LLC puts together Eastside Gynecology Obstetrics and Comprehensive Woman's Care as a new company, Birmingham-based Together Women's Health LLC. Shore Capital says it's the largest private obstetrics practice in Michigan with 125 employees at seven locations.
Terms of the deal were not disclosed, but Together Women's Health will operate as a managed service organization and the physicians retain ownership in the overall company and individual practices.
The combined entity operates locations in Clinton Township, Chesterfield Township, Detroit, Macomb Township, Rochester, Grosse Pointe and Roseville. Under the roll-up, the existing partner physicians will continue employment under the new company and continue serving the community.