An affiliate of Angeles Equity Partners, a private investment firm that partners with niche manufacturing, critical industrial services, and specialty distribution businesses, together with Kain Capital, a private equity firm focused on healthcare services and healthcare technology companies, announced the merger of Agile Occupational Medicine and Akeso Occupational Health. This strategic combination forms the nation’s second-largest independent occupational medicine provider, with 42 locations across California and Arizona.
This merger puts us at the forefront of California’s occupational medicine segment, with the medical expertise, operational breadth, and geographic coverage required to deliver a full suite of healthcare services to, and superior outcomes for, employers.
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The combination of Agile and Akeso unites two high-performing platforms with complementary clinic networks and a common commitment to delivering high-quality, efficient care that improves patient outcomes and supports employers in returning injured workers to health and productivity.
“Combining Agile and Akeso strengthens our mission of providing timely, effective, and differentiated care to the workers we serve,” said Frank Spelman, Managing Director at Angeles Equity Partners and Board Member of Agile. “This merger puts us at the forefront of California’s occupational medicine segment, with the medical expertise, operational breadth, and geographic coverage required to deliver a full suite of healthcare services to, and superior outcomes for, statewide employers.”
“Employers need a reliable healthcare partner who can scale with their needs, and this merger delivers on that promise,” said Kunal Kain, Managing Partner at Kain Capital and Chair of the Board of Akeso. “With our combined footprint, we can now provide employers broader access to high-quality, flexible care options.”
As leaders in occupational medicine, a medical discipline focused on the prevention, diagnosis, and management of work-related injuries and illnesses, Agile and Akeso deliver comprehensive clinical services tailored to the unique needs of both employees and employers. In addition to core work injury treatment, the businesses offer a broad suite of ancillary services designed to accelerate healing and restore physical function, including physical therapy, chiropractic care, and acupuncture. Both organizations also provide a robust set of employer-focused services, such as drug and alcohol screenings, pre-employment and regulatory physicals, and hazardous material evaluations. Together, these integrated offerings give employers the simplicity and convenience of working with a single, trusted healthcare partner.
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This strategic combination is designed to improve patient outcomes through expanded access to care, enhanced service offerings, streamlined processes, and a commitment to innovation. With a shared mission of delivering high-quality, efficient care, Agile and Akeso bring together leading specialists in occupational medicine to seek to ensure injured workers receive prompt, expert treatment and return to work as quickly and as safely as possible.
“I’m excited to work alongside Dr. Yadidi and the talented team at Akeso,” said Dr. Minh Nguyen, Chief Medical Officer of Agile. “Both organizations are committed to raising the standard of care for injured workers and improving their outcomes with faster recovery times and more efficient service.”
“This partnership strengthens our ability to care for injured workers throughout the state,” said Dr. Kayvon Yadidi, Chief Medical Officer of Akeso. “I’m looking forward to partnering with Dr. Nguyen and combining our expertise to improve care and support for both employees and employers.”
Simpson Thacher & Bartlett LLP served as legal counsel to Angeles Equity Partners. Orrick, Herrington & Sutcliffe LLP was the legal advisor to Kain Capital. The terms of the transaction were not disclosed.
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Source : businesswire
