LightBay Capital has made a “significant” minority investment in Femwell Group Health, a management services organization to physicians in women’s health, primary and pediatric care. No financial terms were disclosed.
Miami, Florida (January 14, 2021) – Femwell Group Health, Inc. (“Femwell” or the “Company”), a leading management services organization to physicians in women’s health, primary and pediatric care, as well as other medical specialties, today announced that it has received a significant minority investment from funds managed by LightBay Capital. The investment from LightBay will allow Femwell to enhance the services it provides to its client practices, provide capital to invest in various growth initiatives, and accelerate the development of risk and value-based care programs.
“We are excited to welcome LightBay as our partners,” said Francisco J. Leon, President of Femwell. “Since the Company’s founding over 22 years ago, we have focused on our mission of administering clients’ practices and medical groups, which enables them to focus on their clinical practices and their patients.”
“LightBay shares our commitment to quality, innovation, and service, and we could not be more pleased to have them as our partner as we embark on the next phase of growth for Femwell,” stated Dr. Edward Fidalgo, Chairman of Femwell.
Ben Herman, Partner at LightBay Capital, said, “Femwell has distinguished itself over many years within women’s health, primary care, and other specialties such as pediatrics and dermatology, due to its strong business and physician leadership and unwavering commitment to serving the Company’s physician clients and their patients.”
“We are honored to have the opportunity to partner with Femwell and their exceptional physician clients,” added Nav Rahemtulla, Co-Founder and Partner of LightBay Capital. “Femwell has been a leader and innovator and we look forward to supporting their continued growth in the years to come.”
Truist Securities served as exclusive financial advisor to Femwell.
About LightBay Capital
LightBay Capital is a Los Angeles-based growth-focused private equity firm that applies a flexible capital approach to middle-market investing. Primarily focused on the healthcare, consumer, and business services industries, LightBay invests across the capital structure and in all market environments to help accelerate the growth of high-quality companies. For more information, please visit www.lightbay.com.
Founded in 1997, Femwell provides business support solutions to more than 650 women’s health and primary care providers across ~300 practices. The Company’s service offering is designed to manage and help physicians grow their practices. Femwell also manages Topline MD, which enhances the patient experience through investments in technology, online content, customer engagement tools and care coordination among specialist and ancillary services, on behalf of its clients. For more information, please visit www.femwell.com.