Agile serves as the foundation for a consolidation strategy in the occupational healthcare sector
LOS ANGELES, May 11, 2022--(BUSINESS WIRE)--Agile Occupational Medicine ("Agile"), a California-based owner and operator of occupational healthcare clinics, today announced an investment and capital commitment from Angeles Equity Partners, LLC ("Angeles"), a private investment firm focused on value creation through operational transformation. The financial terms of the transaction were not disclosed.
Agile owns and manages occupational healthcare clinics that focus on quality care and professional treatment for injured workers, with curated case management to drive timely return to work. Their services include workers’ compensation injury management, pre-employment screening, drug testing, and other recurring employee testing requirements. Agile is managed by a talented leadership team of tenured industry professionals: Gregory Moore, MPH, former founder and CEO of Harbor Health Systems, will serve as Chief Executive Officer, and Dr. Minh Nguyen, former VP of Medical (West Division) at U.S. Healthworks and former VP of Medical Operations (Pacific) for Concentra, will serve as Chief Medical Officer.
"Our partnership with Angeles enables us to bring our quality, data-driven model to a national audience. With millions of workforce injuries a year, there is significant demand to support employers and their injured workers. We seek to meet that need with a unique approach of using outcomes, data, and refining algorithms to optimize care, providing better results for our patients and employers," said Gregory Moore MPH, Founder and CEO of Agile.
The investment and capital commitment from Angeles are expected to accelerate Agile’s expansion as it seeks to acquire additional clinics and rapidly buildout strategic locations. Agile’s growth strategy is focused on improving the quality of occupational health programs that help employers maintain a healthy and safe workforce while providing cost-effective health care for companies and employees.
"Angeles is excited to invest in this fragmented sector alongside a team of industry veterans. The occupational healthcare field stands to benefit from strong macro tailwinds, driven by growing demand for labor from reshoring of industrial supply chains. With the domestic labor market tightening and a heightened focus on employee health and well-being, the outlook is strong for this sector," said Frank Spelman, Managing Director, and Martin Mumford, Operating Partner, of Angeles.
The founders of Agile Occupational Medicine are innovators in outcomes-based medicine, having developed successful programs connecting injured workers with top providers over the past twenty years.
"As we emerge from the pandemic, we are reminded that a critical piece of America's infrastructure is our human capital. The current environment has clearly demonstrated the critical need for innovative, high-quality healthcare – Angeles is investing in keeping America’s workforce healthy and strong," said Lawrence Jacobs, Board Member of Agile and Managing Partner of Innova Capital Partners.
Simpson Thacher & Bartlett LLP served as counsel to Angeles Equity Partners, LLC.
About Angeles Equity Partners, LLC
Angeles Equity Partners, LLC is a private equity firm that invests in companies across a wide range of sectors and specifically targets businesses that it believes can directly benefit from its strategic, operational, and M&A capabilities. The Angeles skill set drives the firm’s investment philosophy and, in its view, can help businesses reach their full potential. Learn more online at www.angelesequity.com.
About Agile Occupational Medicine
Agile is focused on keeping employer workforces healthy and productive. From drug screenings to workplace injury treatment, they offer a wide range of occupational health programs that help employers maintain a healthy and safe workforce, while providing cost-effective health care for local companies and employees. Agile’s fundamental belief is that positive workers’ comp claims outcomes start with quality health care. This approach delivers quality care in a manner that drives claim resolution and reduces potential litigation by making sure the patient is aligned in their personal health goals and receives the support needed to keep them on track to a speedy recovery. For more information, visit https://agileoccmed.com/.
About Innova Capital Partners
Innova Capital Partners ("Innova") is a global investor with a focus on disruptive innovations. Innova invests in projects and companies at various stages of their development cycle and partners with industry-leading management teams, franchises, and companies positioned for significant growth. For more information, visit www.innovacapitalpartners.com.
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