Audax-backed Axia Women’s Health buys Care First

Axia Women’s Health, which is backed by Audax Private Equity, has acquired Care First, a OB/GYN practice in Central New Jersey. No financial terms were disclosed.

PRESS RELEASE

Audax Private Equity portfolio company, Axia Women’s Health, acquires Care First OB/GYN Group

The Company
Care First OB/GYN Group, LLC (“Care First”) is a group of three OB/GYN providers with three offices located in central New Jersey.

The Deal
Axia Women’s Health (“Axia”), a portfolio company of Audax Private Equity (“Audax”) has completed a partnership with Care First, representing the company’s 16th acquisition under Audax ownership.

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 marketing and engagement strategies, ancillary services, and value-based reimbursement programs) and add-on acquisitions. Since 2017, Axia has expanded into the Midwest states of Indiana, Ohio, and Kentucky through acquisition and continues to seek out opportunities to increase scale on a national level and within existing geographies.