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Mid-Atlantic Women's Care, PLC Profit Sharing Plan
The Mid-Atlantic Women's Care, PLC Profit Sharing Plan was established in 1997 to serve as the primary retirement vehicle for physicians and staff of its...
Mid-Atlantic Women's Care, PLC Profit Sharing Plan
The Mid-Atlantic Women's Care, PLC Profit Sharing Plan was established in 1997 to serve as the primary retirement vehicle for physicians and staff of its founding medical practice. Mid-Atlantic Women's Care operates as a physician-owned obstetrics and gynecology group based in Norfolk, Virginia. Under the leadership of founder Lee Ouyang, MD, the practice consolidated multiple independent clinics to create a regional women's health platform, with its profit-sharing plan growing alongside that clinical expansion. The plan is a defined contribution structure, which places portfolio risk and reward on participants rather than on the sponsoring employer. The plan's investment posture blends public-market assets with alternative exposures. While precise asset-class weights are not publicly disclosed, the portfolio includes equity and fixed-income funds typical of corporate retirement plans, alongside an allocation to alternative investments in the United States. The sponsoring entity, Mid-Atlantic Women's Care, maintains clinical affiliations with Sentara Healthcare hospitals — Sentara Princess Anne and Sentara Norfolk General — but those institutional ties do not extend to co-investment or shared portfolio mandates. The plan does not operate as a fund-of-funds or participate in direct co-investment vehicles common among larger pension funds; its deployment model reflects the scale and fiduciary constraints of a single-practice medical group plan. With total assets estimated at $88 million, the plan remains modest by institutional-allocator standards yet substantial for a single-practice retirement vehicle. Executive leadership overlaps with the medical group's governance, a common architecture among physician-owned practices where the profit-sharing plan is managed inside the same organizational umbrella rather than outsourced to an independent investment office. The plan's officers participate in broader regional and professional networks through the Medical Society of Virginia. Philanthropic interests linked to the practice's principals include the Currituck Education Foundation, Jewish Family Service of Tidewater, Project Nana, and Vanguard Landing, though no separate foundation entity is carved out of plan assets. The plan's structural differentiator is its embeddedness within a physician-owned practice — retirement governance and clinical governance share a leadership spine. This architecture is common in medical groups but contrasts sharply with the institutional framework of public pension funds or standalone family offices. Succession risk concentrates in the same principals who run the medical practice, and the plan's investment committee likely draws from the partnership ranks rather than from dedicated investment professionals. That tight coupling between practice economics and retirement-plan health shapes every allocation decision.
General information
Firm type
Single Family Office
Year founded
1997
Location
Region
North America
Country
United States
City
Norfolk
Corporate office
Norfolk, VA, United States
Principals
Lee Ouyang
President, Mid-Atlantic Women's Care, PLC
Sector focus
Frequently asked questions
Who runs investment decisions for the Mid-Atlantic Women's Care Profit Sharing Plan?
Investment governance is vested in the plan's trustees, drawn from the partnership of Mid-Atlantic Women's Care, PLC. Lee Ouyang, MD, President of the medical practice, sits at the center of both clinical and retirement-plan oversight. The plan does not maintain a separate, named chief investment officer visible in public filings, consistent with single-practice medical group plans of this scale where fiduciary responsibility is carried by the physician-owners rather than a dedicated investment team.
How does the plan source alternative investment exposure?
The plan holds an allocation to alternative assets in the United States, likely accessed through fund commitments rather than direct co-investments, given its $88 million asset base. There is no public record of the plan participating in venture capital direct deals, private equity club investments, or SPVs alongside larger institutional allocators. Fiduciary constraints under ERISA shape the menu of available alternative vehicles.
Is this plan open to outside co-investors or pooled with other medical groups?
No. The Mid-Atlantic Women's Care Profit Sharing Plan is a single-employer defined contribution plan, closed to outside participants and not pooled with retirement assets of other physician groups. It serves exclusively the eligible employees and physician-owners of Mid-Atlantic Women's Care, PLC and its affiliated divisions.
Is the plan's sponsoring practice still independent, and how does that affect the plan?
Mid-Atlantic Women's Care, PLC remains a physician-owned independent practice, not absorbed by a hospital system or private-equity-backed roll-up. That independence means the profit-sharing plan does not feed into a larger corporate or multi-employer retirement pool. However, if the practice were to be acquired or restructured, plan assets would come under different fiduciary governance, a contingency any institutional counterparty should understand.
Does the plan maintain separate philanthropic structures, and how are assets separated?
Philanthropic activities linked to the practice's principals — including support for the Currituck Education Foundation, Jewish Family Service of Tidewater, Project Nana, and Vanguard Landing — are personal or corporate initiatives, not funded from plan assets. The profit-sharing plan's assets are legally segregated under ERISA and cannot be used for charitable purposes outside of the plan's qualified retirement function.
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