CHICAGO & TERRE HAUTE, IN — September 2018 — 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.
For information on Wellness For Life, visit www.healthcare-redefined.com.
About Wellness For Life
Wellness for Life Medical is a rapidly growing health and benefits services organization headquartered in Indiana. The company operates Direct Primary Care Clinics, On-Site and Near-Site Employer sponsored health and wellness clinics in the Midwest and throughout the Country. Wellness for Life Clinics provide a wide scope of family medicine services, occupational health, medication dispensing, and diagnostics. Wellness for Life’s members enjoy open access to medical care, disease management, and wellness services free of wait times and co-pays.
Wellness for Life works with employers to develop custom health plan designs that emphasize primary care and prevention and feature narrow, value-based medical networks and direct purchasing of ancillary services to help better empower healthcare consumers. In addition to providing medical services, Wellness for Life serves as the health data hub that leverages modern technologies and actionable analytics to help achieve superior medical and financial outcomes for its patients and clients.
About Decathlon Capital Partners
Decathlon Capital Partners provides growth capital for companies seeking alternatives to traditional equity investment. Through the use of highly customized revenue-based financing solutions, Decathlon provides long-term growth capital without the dilution, loss of control and operational overhead that often comes with equity-based funding. With offices in Palo Alto and Park City, Decathlon is the largest revenue-based funding investor in the U.S. and is active across a wide range of sectors.
About Auctus Group, Inc.
Auctus Group, Inc is a multi-faceted financial group specializing in merger & acquisition advisory, institutional private placements of debt and equity, financial restructuring, valuation, and strategic consulting. In select situations, Auctus also provides debt/equity cash infusions to lower middle market companies through its affiliate, Auctus Partners, L.P. Our experienced professionals have the necessary foresight to navigate through highly complicated transactions to maximize value for our clients and create steady growth. With best-in-class access to strategic and financial buyers, as well as capital providers throughout the world, our bankers identify opportunities and navigate challenges with a local understanding on a global scale.