Audax Private Equity, an alternative investment manager with offices in Boston, New York, San Francisco and London, has acquired Medi-Weightloss Inc., an operator of science-based, physician-supervised weight loss and wellness clinics.
Headquartered in Tampa, Fla., Medi-Weightloss offers customized weight-loss programs aiming to address obesity and other related diseases, including heart disease, stroke, type-2 diabetes and other specific conditions covered by commercial insurance payors. The company also sells a line of nutritional supplements, healthy-food products and vitamins that treat comorbidities caused by obesity. Buzz Franchise Brands is co-investing alongside Audax as a minority-stake partner.
“Audax can help propel us to the next level and has an established track record of facilitating growth in companies like ours,” states Kurtis Freidag, president of Medi-Weightloss’ franchisee advisory council. “People need these services more thKan ever and it’s exciting to think about how many more people we will be able to help.”