On October 28, 2022, Medi-Weightloss, Inc. ("Medi-Weightloss" or "the Company") was acquired by Audax Private Equity ("Audax").
Kroll served as the exclusive sell-side advisor to Medi-Weightloss in connection with the sale.
Medi-Weightloss is a leading operator of science-based, physician-supervised weight-loss and wellness clinics, with over 100 franchised and company-owned locations nationally.
Headquartered in Tampa, Florida, Medi-Weightloss offers customized weight-loss programs designed to address obesity and other related diseases, including heart disease, stroke, type-2 diabetes and other specific conditions generally covered by commercial insurance payors. The Company also sells a line of proprietary nutritional supplements, healthy-food products and vitamins that treat comorbidities caused by obesity.
The Company provides comprehensive support to its base of professional franchisees, ranging from compliance and regulatory oversight to other support functions, such as advanced staff training, IT, quality assurance, franchise-performance consulting and advertising and marketing. Quarles & Brady served as legal counsel to Medi-Weightloss.
About Audax Private Equity
Audax Group is a leading alternative investment manager with offices in Boston, New York, San Francisco and London. Since its founding in 1999, the firm has raised over $32 billion in capital across its private equity and private debt businesses. Audax has invested over $9 billion in more than 150 platforms and over 1,100 add-on companies and is currently investing in add-ons out of its $3.5 billion, sixth private equity fund.
Through its disciplined Buy & Build approach, Audax seeks to help platform companies execute add-on acquisitions that fuel revenue growth, optimize operations, and significantly increase equity value. With more than 360 employees and over 150 investment professionals, the firm is a leading capital partner for North American middle-market companies. Ropes & Gray LLP served as legal counsel to Audax Private Equity.