Industry: Healthcare / Services
Transaction: Private Placement of Equity & Debt


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 had been 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.

To facilitate the resulting acquisition of Healthcare Dimensions, Inc. and to provide capital for future growth, GMB represented AXIA in the placement of equity and debt. 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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