Audax-backed Axia acquires OB/GYN of Indiana

Axia Women’s Health, which is backed by Audax Private Equity, has acquired Indianapolis-based Obstetrics & Gynecology of Indiana, a provider of women’s health services. No financial terms were disclosed.

PRESS RELEASE

Audax Private Equity portfolio company, Axia Women’s Health, acquires OB/GYN of Indiana

The Company
Obstetrics & Gynecology of Indiana LLC (“OB/GYN of Indiana”) is a leading provider of women’s health services in the state of Indiana.

Headquartered in Indianapolis, OB/GYN of Indiana is comprised of ~40 physicians and operates nine locations in Indiana. OB/GYN of Indiana was founded in 1993 to advance the delivery of obstetrical and gynecological care for women in the Central Indiana area and has since expanded into a leading provider of comprehensive women’s health services, including OB/GYN, MFM (perinatal), and mammography services.

The Deal
Axia Women’s Health, a portfolio company of Audax Private Equity (“Audax”) has completed a partnership with Obstetrics & Gynecology of Indiana, representing the company’s eighth acquisition and first acquisition outside of Pennsylvania and New Jersey. The transaction launches Axia’s presence into the Midwest market and adds to Axia’s ancillary service offerings.

The Thesis
Audax formed Axia in March 2017 as a leading provider of women’s health services in Pennsylvania and New Jersey, with the thesis of growing the company through organic initiatives (such as improved patient care, ancillary services, and value-based reimbursement programs) and add-on acquisitions. OB/GYN of Indiana represents Axia’s eighth acquisition and a significant step towards creating a national women’s health platform.