Industry: Healthcare / Services
Transaction: Buy-Side Advisory


AXIA Health Management, LLC ("AXIA") is a national provider of comprehensive, integrated health management programs that prevent, delay or mitigate the effects of disease or injury of individuals in specific population segments.

GMB was retained by L. Ben Lytle, former CEO and chairman of Anthem, Inc., and Hugh Lytle, former executive with AdvancePCS (now Caremark), to advise them in identifying and acquiring a platform healthcare services company.

GMB assisted in the analysis and review of multiple acquisition candidates before arriving at the formation of a new population health management company, AXIA. GMB then advised AXIA in its platform acquisition of Phoenix-based Healthcare Dimensions, Inc. and ran a competitive process to find the right private equity sponsors for the company.

GMB also represented AXIA in the placement of equity and debt to facilitate the initial acquisition and provide capital for future growth. AXIA's management wanted financial partners with substantial healthcare experience and sufficient capital to support their strategic growth plan. They quickly gained comfort with Nautic Partners and Genstar Capital as their equity partners. GMB's previous experience with both Nautic and Genstar helped to facilitate the transaction. Merrill Lynch Capital provided senior financing.

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