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Together Women's Health LLC
Together Women's Health LLC was founded in 2017 by Stephen Klar, a healthcare entrepreneur who previously built and sold a multi-site physician practice...
Together Women's Health LLC
Together Women's Health LLC was founded in 2017 by Stephen Klar, a healthcare entrepreneur who previously built and sold a multi-site physician practice platform. The firm operates as a family office-backed holding company that acquires and supports women's health practices, primarily OB/GYN clinics. Wealth originates from Klar's prior healthcare ventures, including the sale of his earlier practice management business. The family office deploys capital through platform acquisitions of individual OB/GYN and women's health practices, then consolidates back-office operations while allowing clinicians to maintain clinical autonomy. Asset-class mix centers on healthcare services, specifically in reproductive health, maternal-fetal medicine, and gynecology subspecialties. Known affiliated practices include those in Michigan, Ohio, and Indiana, with coverage extending into Florida, Illinois, and Texas. The firm partners with physicians via equity rollovers and ongoing governance roles, structuring each deal as a joint venture with the acquiring practice. Total deployment is not publicly disclosed; the firm reports having completed acquisitions of over 60 affiliate practice locations. Professionals count is unlisted, but the central management team includes founder Stephen Klar and Chief Medical Officer Dr. Michael S. Baggish, a prominent gynecologist and author. No additional offices beyond Grosse Pointe headquarters are confirmed. No adjacent philanthropic foundation or formal investment vehicle beyond the primary holding company has been publicly named. In 2023, the firm completed its acquisition of a multi-site group in Texas, extending its footprint into that state (per public record, 2023). Structurally, Together Women's Health differs from traditional roll-up models by offering clinicians equity partnership in each affiliate, rather than full buyouts. This creates a decentralized governance model where local physicians retain minority stakes and clinical decision-making authority. The family office functions purely as a consolidator and platform manager, not as a fund with external LPs, which limits its capital agility but aligns incentives with long-term clinical operations.
General information
Firm type
Single Family Office
Year founded
2017
AUM
$100M - $500M (Altss estimate)
Location
Region
North America
Country
United States
City
Grosse Pointe
Corporate office
Grosse Pointe, MI, United States
Principals
Stephen Klar
Founder & CEO
Dr. Michael S. Baggish
Chief Medical Officer
Sector focus
Frequently asked questions
Who makes investment decisions at Together Women's Health LLC?
Investment decisions are made by founder and CEO Stephen Klar, who built the firm from prior healthcare practice management ventures. The central management team, including Chief Medical Officer Dr. Michael S. Baggish, evaluates acquisition targets based on clinical fit and regional scale potential. Clinical autonomy for affiliate physicians is a stated priority in deal structuring.
How does Together Women's Health source its acquisitions?
The firm sources deals through direct outreach to independent OB/GYN and women's health practices, leveraging physician referrals and industry relationships. It does not use external investment bankers or third-party intermediaries, per public record. The firm targets practices with revenues typically between $2 million and $20 million, seeking regions with favorable demographics and regulatory environments.
Is Together Women's Health structured as a single family office or a venture firm?
Together Women's Health operates as a family office-backed holding company, not a venture firm. The capital is deployed from the founding family's wealth, with no external limited partners or institutional investors. The firm does not operate a fund structure; instead, it acquires practices using balance sheet capital and earns returns through operational cash flows.
What investment stages or structures does the firm typically use?
The firm exclusively pursues buyout/acquisition transactions, acquiring majority stakes in women's health practices. It structures each deal as a joint venture where the selling physicians retain equity, typically between 20% and 40%, and continue to lead clinical operations. No minority growth equity, venture capital, or public securities investments are part of the strategy.
Which sectors does Together Women's Health explicitly avoid?
The firm explicitly avoids hospitals, surgical centers, and medical device companies. It focuses solely on office-based women's health practices — OB/GYN, fertility, maternal-fetal medicine, and related subspecialties. It does not invest in alternative asset classes such as real estate, private equity, or hedge funds.
Where does the underlying wealth of the family office originate?
The wealth originates from Stephen Klar's prior healthcare ventures. He previously founded and sold a multi-site physician practice management company, generating the capital used to establish Together Women's Health. No public disclosure of specific sale price or family net worth exists.
Does the firm maintain any philanthropic structures?
No separate philanthropic foundation or charitable vehicle has been publicly identified for Together Women's Health or the Klar family. The firm does not publicly report charitable giving or community investment programs.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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