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Genstar Capital Portfolio Company, Axia Health Management, Acquires My ePHIT; Acquisition of Internet-Based Health Improvement Company Marks Axia's Fifth Acquisition.


SAN FRANCISCO San Francisco (săn frănsĭs`kō), city (1990 pop. 723,959), coextensive with San Francisco co., W Calif., on the tip of a peninsula between the Pacific Ocean and San Francisco Bay, which are connected by the strait known as the Golden  -- Private equity firm Genstar Capital, LLC (Logical Link Control) See "LANs" under data link protocol.

LLC - Logical Link Control
 today announced that portfolio company, Axia Health Management, a national leader in preventive healthcare, completed its acquisition of My ePHIT, an online prevention and wellness company. The transaction closed March 31, 2006, and is effective immediately.

Based in Salt Lake City, Utah For ships of the United States Navy of the same name, see .
Salt Lake City is the capital and the most populous city of the U.S. state of Utah. The name of the city is often shortened to Salt Lake, or its initials, S.L.C.
, My ePHIT (Personal Health Improvement Training) utilizes the latest, most innovative web-technology to develop highly customized and personalized health improvement training programs that take into consideration an individual's unique goals, lifestyle and personal situations. My ePHIT's comprehensive online solution provides consumers with a clearly articulated health improvement plan, motivational coaching support, and an incentive tailored for each participant.

"With web-based My ePHIT, Axia now can offer its health plan and employer customers an integrated and expanded suite of wellness and prevention programs," said Robert Weltman, managing director of Genstar Capital. "We look forward to working with Ben Lytle, Hugh Lytle, and the rest of the Axia management team to continue to realize their vision of creating the world's first integrated wellness and prevention company."

In November 2004, drawing on its expertise in the life sciences and business services domains, Genstar Capital, along with private equity firm, Nautic Partners, LLC, partnered with healthcare industry leader, Ben Lytle, to establish Axia Health Management as a new population health management company.

"The acquisition of My ePHIT represents the next strategic step in achieving Axia's plan of building a company capable of providing a full suite of wellness and prevention services to its health plan and employer customers," said Ben Lytle, Axia's chief executive officer. "The support of our private equity partners, Genstar Capital and Nautic Partners, has been critical to the execution of our vision."

Since Genstar's initial investment, Axia has acquired five companies specializing in high-yield interventions and health management programs that prevent or reduce the risk of disease or injury. In addition to My ePHIT, these strategic acquisitions include HealthCare Dimensions, a provider of fitness-oriented prevention programs such as the SilverSneakers exercise program for older adults; American WholeHealth Networks, a provider of integrative medicine integrative medicine

combines conventional medicine with complementary and alternative therapies.

integrative medicine The 'new medicine' A term for the incorporation of alternative therapies into mainstream medical practice.
 and complementary and alternative medicine The term complementary and alternative medicine (CAM) is an umbrella term for alternative medicine and complementary medicine.

Alternative medicine describes practices used in place of conventional medical treatments.
 services; Harris HealthTrends, a leading provider of personalized health management services; and QuitNet.com, a leading web-based smoking cessation smoking cessation Public health Temporary or permanent halting of habitual cigarette smoking; withdrawal therapies–eg, hypnosis, psychotherapy, group counseling, exposing smokers to Pts with terminal lung CA and nicotine chewing gum are often ineffective.  program.

About Genstar Capital, LLC

Based in San Francisco, Genstar Capital (www.gencap.com) is a private equity investment firm that makes leveraged investments in quality middle-market companies. Genstar Capital works in partnership with management to transform its portfolio companies into industry-leading businesses. With more than $900 million of committed capital under management and significant experience investing in businesses, Genstar focuses on selected segments of the life sciences, business services, and industrial technology sectors.

About Axia Health Management

Axia Health Management is a leading national provider of preventive health programs which help individuals make lifestyle changes to improve their health and reduce the risk of disability and disease. Axia uses a multi-faceted approach to engage individuals into programs using a national field staff of behavior change Behavior change refers to any transformation or modification of human behavior. Such changes can occur intentionally, through behavior modification, without intention, or change rapidly in situations of mental illness.  professionals, community-based venues, telephone outreach and Web-based tools. Axia's suite of programs include the SilverSneakers Fitness program for older adults, the QuitNet smoking cessation program, the PRIME fitness program, and the WholeHealth network of alternative health providers.

About My ePHIT

Founded in 1999, My ePHIT is a privately held corporation Noun 1. privately held corporation - a corporation owned by a few people; shares have no public market
close corporation, closed corporation, private corporation
 that services health care companies, employer groups, TPA (Transient Program Area) See transient area.

TPA - Transient Program Area
 and benefit firms, and marketing organizations including Health Care Services Corporation, PacifiCare, Coventry Health Care Coventry Health Care, Inc. (Coventry) (NYSE: CVH) is a managed health care company in the United States. On February 8th of 2007 Coventry agreed to acquire Concentra's Workers Compensation Managed Care Services Businesses. External links
  • Company website
, CNIC CNIC Citizens' Nuclear Information Center
CNIC Computerized National Identity Card (Pakistan)
CNIC Computational Neurobiology and Imaging Center (New York)
CNIC Commander, Naval Installation Command
 Health Solutions, Keenan and Associates, J.C. Penney, Saint Alphonsus Regional Medical Center, AMISYS and Synertech Health System Solutions. My ePHIT currently has nearly 15 million authorized users nationwide.
COPYRIGHT 2006 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2006, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Apr 19, 2006
Words:596
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