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2018-06-20

Serent Capital Invests in Axiom Medical, Leader in Incident Case Management and Occupational Health Services

The Woodlands, TX - June 20, 2018 - Serent Capital, a San Francisco-based private equity firm focused on investing in fast-growing software and services businesses, has made a growth investment in Axiom Medical, a leading incident case management and occupational health services provider in North America.

Axiom Medical is a full-service provider of occupational health services that support the employee journey from pre-hire to post-separation. Their occupational health programs help clients ensure a healthy workforce that is capable of performing all tasks expected of each role. Their 24/7 incident and injury case management services manage optimal outcomes for employee and employer when a workplace injury occurs, and their absence management service helps employees, who are out on extended absence due to personal health matters, return to the workplace more quickly than traditional approaches. From Apply to Goodbye, Axiom helps the workforce get hired, stay healthy, and stay on the job.

"Axiom is a mission driven company wholly committed to safeguarding and assuring employee health. By putting the focus on the employee, and assuring that employee health issues are handled optimally rather than under or over treated, we establish trust-based relationships that deliver real ROI to both employee and employer. Engaging Axiom helps our clients to improve workforce health and safety, which results in reduced direct and indirect costs, fewer OSHA recordable events, and increased compliance," states Axiom CEO Mark H Robinson.

He continued, "As we continue to scale, we want an investment partner who will offer the resource-set and expertise that will support the rapid growth we are experiencing. We feel Serent Capital – based on their values and track record – is ideally suited to help us with the growth opportunities that lie ahead, while maintaining our primary focus on delivering exceptional value and true ROI to our clients and their workforce."

"Across a multitude of service delivery models, Serent has made several investments in healthcare; we believe Axiom is a unique addition to our portfolio. Additionally, and importantly, Axiom's management team is top-notch, which is demonstrated by stellar customer satisfaction, strong growth, and high client retention – things that really matter in a successful investment," said David Kennedy, Partner at Serent Capital. "We are thrilled to have the opportunity to collaborate with the Axiom management team and help them drive continued service innovation and growth in the business."

Serent's investment in Axiom Medical represents its seventh investment in the healthcare sector. Prior Serent healthcare investments include Diversified HealthCare Resources (2015), Via Health (2013), Outreach Services (2012), United Allergy Services (2012), Cardon Outreach (2011), and Equinox Healthcare (2010).

About Axiom Medical
Founded in 1999 and headquartered in The Woodlands, TX, Axiom is a market leader in the occupational health sector in North America, with unrivaled service quality and a very strong return on investment for clients in the USA, Canada and Mexico. For more information, please visit the company's website at www.axiomllc.com.

About Serent Capital
Serent Capital invests in growing businesses that have developed compelling solutions that address their customers' needs. As those businesses grow and evolve, the opportunities and challenges that they face change with them. Principals at Serent Capital have firsthand experience at capturing those opportunities and navigating these difficulties through their experiences as CEOs, strategic advisors, and board members to successful growing businesses. By bringing its expertise and capital to bear, Serent helps growing businesses thrive. For more information on Serent Capital, visit www.serentcapital.com.

Disclaimer 
This information is intended exclusively for the use of the person to whom it was delivered on behalf of Serent Capital Management Company, L.L.C. ("Serent") and may not be reproduced or used for any other purpose. It does not constitute an offer to sell or the solicitation of an offer to buy interests in any private investment vehicle managed by Serent (collectively, the "Funds"). Offers and sales will be made only pursuant to a confidential private placement memorandum (the "Memorandum"), which describes the terms and risks of an investment. Nothing presented herein is intended to constitute investment advice, nor sales material, and no investment decision should be made based on any information provided herein. Information provided reflects Serent's views as of a particular time and are subject to change without notice. Any forward looking statements or forecasts are based on assumptions and actual results are expected to vary from any such statements or forecasts. While Serent has used reasonable efforts to obtain information from reliable sources, we make no representations or warranties as to the accuracy, reliability, or completeness of third party information presented herein. 

Past performance is not indicative of future results. There can be no guarantee that any investment strategy employed by Serent will be successful. An investment in the Funds managed by Serent is speculative, illiquid, and involves a high degree of risk, including possible loss of principal. 

The portfolio companies highlighted do not necessarily represent all of the investments made or recommended by Serent, and it should not be assumed that the specific investments identified and discussed herein were or will be profitable. It should be specifically noted that not all transactions entered into by Serent will be profitable or will equal the performance of the companies described herein. No guarantee of investment performance is being provided and no inference to the contrary should be made. A full list of portfolio holdings is available on Serent's website.