M&A Deal Summary

Tivity Health Acquires Axia Health Management

On October 16, 2006, Tivity Health acquired healthcare services company Axia Health Management from Genstar Capital and Nautic Partners for 450M USD

Acquisition Highlights
  • This is Tivity Health’s 3rd transaction in the Healthcare Services sector.
  • This is Tivity Health’s 2nd largest (disclosed) transaction.
  • This is Tivity Health’s 3rd transaction in the United States.
  • This is Tivity Health’s 1st transaction in Arizona.

M&A Deal Summary
Date 2006-10-16
Target Axia Health Management
Sector Healthcare Services
Buyer(s) Tivity Health
Sellers(s) Genstar Capital
Nautic Partners
Deal Type Add-on Acquisition
Deal Value 450M USD

Target

Axia Health Management

Tempe, Arizona, United States
Axia Health Management is a population health management company focused on improving the health of individuals in specific population segments through high-yield preventive health interventions and health management programs that improve health, manage risk, and reduce health care costs.

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Buyer(S) 1

Buyer

Tivity Health

Franklin, Tennessee, United States
Category Company
Founded 1981
Sector Healthcare Services
Employees380
Revenue 438M USD (2020)
DESCRIPTION
Healthways office in Columbia, Maryland.
Healthways office in Columbia, Maryland.

Tivity Health is a provider of well-being improvement solutions. The Company uses the science of behavior change to produce and measure positive change in well-being for customers, which include employers, integrated health systems, hospitals, physicians, health plans, communities and government entities. Tivity Health was founded in 1981 and is based in Franklin, Tennessee.

DEAL STATS #
Overall 3 of 9
Sector (Healthcare Services) 3 of 7
Type (Add-on Acquisition) 3 of 8
State (Arizona) 1 of 1
Country (United States) 3 of 9
Year (2006) 1 of 1
Size (of disclosed) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-06-08 Health IQ Diagnostics

Chicago,, Illinois, United States

Health IQ Diagnostics, LLC is a provider of health management solutions. Company offers myhealthIQ, a suite of wellness services.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2009-10-15 Healthhonors

Braintree, Massachusetts, United States

Healthhonors Corporation provides Intermittent Reinforcement Platform to increase adherence to medications.

Buy $15M

Seller(S) 2

SELLER

Genstar Capital

San Francisco, California, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1988
PE ASSETS 49.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Genstar Capital is a private equity firm that seeks investments in life science, healthcare, medical products, industrial technology, software, financial services, packaging, building materials, manufacturing, and business services companies. Genstar looks to invest between $50 and $400 million of equity capital in businesses valued up to $1 billion. Target transaction situations include control-oriented leveraged buyouts of corporate divisions, privately held businesses or public companies, minority investments in privately held businesses or public companies, ownership restructurings/recapitalizations of privately held businesses, growth equity financings, partnerships with other strategic or financial buyers, and take privates. Genstar Capital was formed in 1988 and is based in San Francisco, California.

DEAL STATS #
Overall 9 of 60
Sector (Healthcare Services) 1 of 2
Type (Add-on Acquisition) 5 of 18
State (Arizona) 1 of 2
Country (United States) 8 of 54
Year (2006) 1 of 3
Size (of disclosed) 10 of 13
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-08-21 Oncure Medical

Englewood, Colorado, United States

Oncure Medical Corp. owns, operates and manages treatment centers exclusively focused on providing the most state-of-the-art radiation treatment alternatives. Oncure partners with radiation oncologists to support leading edge cancer care at its treatment centers, and provides its physicians and hospital partners with capital, management and clinical expertise.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-11-22 North American Construction

Acheson, Alberta, Canada

North American Construction is a provider of heavy outsourced construction services to the major oil and gas companies investing in the oil sands projects. North American Energy Partners was founded in 1953 and is based in Acheson, Canada.

Sell -
SELLER

Nautic Partners

Providence, Rhode Island, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1986
PE ASSETS 9.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Nautic Partners is a private equity firm focused on middle-market company investments based in the US. Nautic looks to invest $50 to $400 million of equity in businesses valued between $100 million and $1 billion. Nautic's industry focus is business services, manufacturing, healthcare, and communications. Prospective investment structures include buyouts, recapitalizations, consolidations, and growth financings. Nautic prefers majority investment positions. Nautic Partners was formed in 1986 and is based in Providence, Rhode Island.

DEAL STATS #
Overall 9 of 47
Sector (Healthcare Services) 2 of 7
Type (Add-on Acquisition) 3 of 18
State (Arizona) 1 of 1
Country (United States) 9 of 46
Year (2006) 5 of 5
Size (of disclosed) 7 of 14
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-08-23 Mom365

St. Charles, Missouri, United States

Mom365 is a provider of professional in-hospital newborn photography services in United States. Mom365 was founded in 1947 and is based in St. Charles, Missouri.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-11-17 Precision Engineered Products

Attleboro, Massachusetts, United States

Precision Engineered Products LLC is a global manufacturer of highly engineered precision customized solutions serving the medical, electrical, transportation and aerospace end markets.

Buy -
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