Genstar Capital, Nautic Partners and HealthCare Dimensions Form Health Management Company to be Led by Industry Veteran L. Ben Lytle - Newly formed company, AXIA Health Management, merges with HealthCare Dimensions
12/16/2004
For additional information:Genstar CapitalAndrea Ginsberg(415) 664-4680aginsberg@gencap.comNautic PartnersScott Hilinski(401) 278-3914AXIA Health Management /HealthCare DimensionsDavid Goodspeed(480) 783-9555david.goodspeed@hcdimensions.comSAN FRANCISCO, PROVIDENCE, R.I. and PHOENIX — December 16, 2004 — Private equity firms, Genstar Capital, L.P. and Nautic Partners, LLC, in combination with HealthCare Dimensions (HCD), today announced that they have partnered with industry leader L. Ben Lytle to create a new population health management company, AXIA Health Management. AXIA focuses on improving the health of individuals in specific population segments through high yield interventions and health management programs that prevent or reduce the risk of disease or injury. Ben Lytle, former chairman and chief executive officer of Anthem, Inc., has been appointed as AXIA’s chairman and chief executive officer. Hugh Lytle will serve as AXIA’s president. As its initial investment, AXIA has merged with HealthCare Dimensions, a provider of prevention programs to Medicare-focused health plans. HealthCare Dimensions shareholders, under the continuing leadership of CEO Mary Swanson, retained a significant ownership stake in AXIA. Terms were not disclosed. HealthCare Dimensions, founded in 1992 and based in Arizona, partners with Medicare-focused managed care organizations to create specialized preventive health programs to achieve health improvement, cost reduction, market differentiation and member retention results with targeted populations for health plans throughout the country. Its flagship offering, the SilverSneakers