Angeles Equity Partners, a private investment firm focused on niche manufacturing, critical industrial services and specialty distribution businesses, and Kain Capital, a private equity firm investing in healthcare services and technology, have announced the merger of Agile Occupational Medicine and Akeso Occupational Health.
This strategic combination creates the second-largest independent occupational medicine provider in the United States, with 42 locations across California and Arizona.
By combining two high-performing platforms with complementary clinic networks, the merger aims to strengthen the delivery of high-quality, efficient care focused on improving patient outcomes and helping employers return injured workers to health and productivity.
Both Agile and Akeso are leaders in occupational medicine, a discipline dedicated to preventing, diagnosing and managing work-related injuries and illnesses.
Their combined offerings now include a wide range of clinical services, from work injury treatment to ancillary services such as physical therapy, chiropractic care and acupuncture.
The new entity also provides comprehensive employer-focused solutions, including drug and alcohol screening, regulatory and pre-employment physicals, and hazardous material evaluations.
The merger is designed to expand access to care, enhance service offerings and streamline operations through innovation and a unified commitment to quality.
With an integrated platform and a shared vision, Agile and Akeso aim to be a trusted healthcare partner for employers while ensuring that injured employees receive prompt, expert treatment and are supported throughout their recovery journey.
“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.”
“I’m excited to work alongside Dr. Yadidi and the talented team at Akeso,” said Dr. Minh Nguyen, chief medical officer of Agile. “Both organisations 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.”
