Ares Management L.P said Thursday that Gryphon Investors, a San Francisco-based private equity firm, will acquire Ob Hospitalist Group from a fund affiliated with Ares. Ob Hospitalist Group is a provider of obstetric hospitalist services.
Ares’ fund, along with Ob Hospitalist Group founders Dr. Chris Swain and David Swain, will retain a minority ownership position in the company. Terms of the transaction, which is expected to close in late July, were not disclosed. In a separate release, Ares also said that, as part of a partnership with National Veterinary Associates’ leadership team and funds associated with Ares, OMERS Private Equity has entered into a definitive agreement to acquire a minority stake in National Veterinary Associates. OMERS Private Equity is the private equity arm of OMERS, the pension plan for municipal employees in Ontario.