Auctus Group, Inc. is pleased to announce its role as exclusive advisor to Wellness For Life, supporting a multiphase engagement that helped the rapidly growing health and benefits services organization secure bridge financing, followed by growth capital in the form of mezzanine debt. Financing was provided by Decathlon Capital Partners and the transaction was led by Auctus Group’s Managing Director Reginald McGaugh and announced by Managing Partner Muhammad Azfar.
“It was a pleasure supporting critical growth and this business milestone for Wellness For Life,” said Azfar. “We look forward to our continued relationship with Wellness For Life’s shareholders and management team as they continue to expand their unique business model and proprietary clinical work flows to employers and government agencies throughout the U.S.”
Wellness for Life provides a complete healthcare solution for an organization’s entire workforce. The company got its start in building Direct Primary Care, on-site and near-site clinics; designing and implementing personalized and cost-effective options for employers that improve access and quality of care. The strategy today is to extend its reach further up the healthcare continuum and provide a “quarterback” function to employers and health plans looking to shift toward accountable, value-based healthcare.
“We were extremely impressed with the team at the Auctus Group and we look forward to their strategic insight regarding our capital structure and merger and acquisition advice,” said Igor Kozunov, chief executive officer at Wellness for Life. “We are currently expanding our unique clinical pathways on a national basis and we will have a greater need for additional growth capital.”
Wellness for Life’s unique business model guarantees complete transparency and aligns its own financial interests with the financial and medical goals of those it serves. For example, in 2010, it opened a workplace health center for a highly visible public employer in Indiana. Within the first year of operation, two-thirds of all eligible employees and dependents visited the center and the employer and its employees saved $1.60 in avoided medical expenses for every $1.00 spent at their health center. There were also significant gains in employee morale, productivity and reduced absenteeism.
