Deal Summary


BellMark Partners LLC (“BellMark”) is pleased to announce that it advised Healthtrax Fitness & Wellness, Inc. (“Healthtrax” or the “Company”) in the sale of its Work-Fit Division (“Work-Fit”) to Agility Health, Inc. (“Agility”, TSX VENTURE: AHI). Based in Glastonbury, CT, Work-Fit is an innovative provider of cost-containment solutions to Fortune 100 companies through its proprietary worksite-based injury prevention and management programs.

Founded in 1992, Work-Fit brings a proven sports medicine/athletic training model into the workplace and currently serves more than 50,000 client employees across job sites in 10 states. Work-Fit implements customized programs that include individual and group-based solutions, first aid-level interventional services, and other rehabilitation and treatment-based solutions. Utilizing a distinctive “industrial-athlete” model that delivers affordable, effective solutions for clients, Work-Fit drives substantial savings in workers compensation costs and significant decreases in on-the-job injury rates.

About Healthtrax

Healthtrax Fitness & Wellness, Inc. is a leading operator of fitness centers throughout the Northeastern U.S. that provide wellness and preventative health care programs to individuals, companies, hospitals, and insurers. Founded in 1979, Healthtrax has been at the forefront of preventative health care with its world-class fitness centers and partnerships with leading hospital systems and medical facilities. Healthtrax improves the health and well-being of individuals with unique programs that integrate the best in overall fitness, wellness programs, medical services, and rehabilitation. Healthtrax is a portfolio company of Ironwood Capital, a leading private equity and mezzanine investor based in Avon, CT.

About Agility Health

Agility Health operates a multi-state network of outpatient rehabilitation clinics and provides contracted services to hospitals, nursing homes and other institutional clients. Agility’s primary focus is on care and treatment for orthopedic-related disorders, sports-related injuries, preventative care, and rehabilitation of injured workers. In addition, Agility provides a number of ancillary services related to physical rehabilitation, including practice management software systems and custom orthotics. Agility operates 68 outpatient or onsite rehabilitation locations in sixteen states and provides rehabilitative services to 41 hospitals and inpatient rehabilitation units.

About BellMark Partners, LLC

BellMark Partners, LLC is an independent investment bank that provides M&A advisory and investment banking services to middle market companies in the business & technology services, consumer, industrials and healthcare industries. We advise family, entrepreneur, and other privately-owned companies; private equity and family office-owned companies; and small to mid-cap public companies. Our services include mergers and acquisitions, capital raising and strategic advisory services. Our Managing Directors have collectively executed and closed more than 400 transactions during their professional careers, and previously worked as senior bankers for firms such KeyBanc Capital Markets, Inc., BankBoston Robertson Stephens, Fleet Securities, Inc. and Covington Associates LLC.