Merger Creates Second-Largest Independent Occupational Medicine Provider in the U.S. with 42 Clinics Across California and Arizona

An affiliate of Angeles Equity Partners, LLC (“Angeles”), a private investment firm that partners with niche manufacturing, critical industrial services, and specialty distribution businesses, together with Kain Capital LLC (“Kain”), a private equity firm focused on healthcare services and healthcare technology companies, today announced the merger of Agile Occupational Medicine (“Agile”) and Akeso Occupational Health (“Akeso”). This strategic combination forms the nation’s second-largest independent occupational medicine provider, with 42 locations across California and Arizona.

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.

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.

About Agile Occupational Medicine

The Agile approach focuses on speed – eliminating unnecessary time in the clinic, accelerating access to specialists, and driving faster recovery with more than twenty clinics throughout California and Yuma, Arizona. Every aspect of patient care, employer support, and integration with claims teams can be improved by focusing on speed of execution and communications. Agile engages patients with dynamic scheduling and follow-up, engages claims teams with better information and insights, and engages employers with information and education that reduces lost time and keeps their employees on course for a return to work. Agile’s flexible workflows for employers and payors reduce communication gaps and simplifies referral and authorization processes. Learn more online at www.agileoccmed.com.

About Akeso Occupational Health

Akeso Occupational Health focuses exclusively on occupational health. We form a partnership between the employer, employee, and insurer to minimize the risk of work-related injuries and have provided the best, most comprehensive medical care and services in California for over 30 years. Currently operating with over twenty clinics from San Diego to the Central Coast, our clients include many Federal, State, County, and Fortune 500 companies, as well as countless smaller local employers. More information is online at www.akesomedical.com.

About Angeles Equity Partners, LLC

Angeles Equity Partners, LLC is a Los Angeles-based specialist private investment firm that partners with niche manufacturing, critical industrial services, and specialty distribution businesses to realize their full potential. Angeles’ deep expertise in operational transformation and strategic repositioning drives the firm’s investment philosophy. Learn more online at www.angelesequity.com.

About Kain Capital LLC

Kain Capital is a private equity firm focused on investments in healthcare services and healthcare technology companies. The firm partners with founders and entrepreneurs seeking additional capital, technology capability and resources to enhance and grow their existing services. Kain Capital does not utilize debt in its investments so that capital can be focused on maximizing growth and the quality of services to patients. More information about Kain Capital can be found at www.kaincap.com.

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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.