Seven-year partnership concludes as Axiom Medical secures new growth capital to accelerate national expansion
a growth-focused private equity firm known for partnering with founder-led and entrepreneur-driven businesses, today announced the successful recapitalization of Axiom Medical, a leading provider of technology-enabled workplace injury management and employee health solutions. Following a productive seven-year partnership with Serent Capital, Axiom Medical has secured a new strategic growth investment from NMS Capital to support the company’s next phase of expansion, innovation, and market leadership.
The transaction marks a significant milestone for Axiom Medical as it transitions into a new era of growth under the backing of NMS Capital, a private equity firm with deep expertise in healthcare services and employer cost-management solutions. Headquartered in The Woodlands, Texas, Axiom Medical has built a strong national footprint by delivering a comprehensive, nurse-led approach to workplace health that combines clinical expertise, behavioral health support, and advanced technology.
Founded with the mission of improving outcomes for injured employees while lowering healthcare and workers’ compensation costs for employers, Axiom Medical offers a wide range of services including 24/7 nurse triage, early injury intervention, behavioral health support, and incident case management. Its technology-forward platform enables employers to respond quickly and effectively to workplace injuries, reduce unnecessary emergency room visits, ensure regulatory compliance, and proactively support employee well-being.
Over the last seven years, Serent Capital played a pivotal role in accelerating Axiom Medical’s growth and transformation into a market-leading occupational health solutions provider. Through hands-on operational partnership and access to Serent’s in-house Growth Team, Axiom significantly expanded its Incident Case Management (ICM) platform, strengthened operational workflows, optimized pricing strategies, and implemented critical technology enhancements that improved scalability and customer experience.
Over the last seven years, we worked closely with the Axiom team to expand the customer base and provide high-quality services to clients,” said John Caselli, Partner at Serent Capital. “We are proud to have played a role in their journey and look forward to watching their continued success with NMS Capital. The management team at Axiom has built an exceptional organization focused on improving employee health outcomes while delivering measurable value to employers.”
Under Serent’s ownership, Axiom Medical experienced consistent growth driven by rising demand for employer-sponsored injury management programs, increasing healthcare costs, and greater emphasis on workforce safety and productivity. The company expanded its client base to include organizations across manufacturing, logistics, retail, healthcare, and other labor-intensive industries where workplace injuries and employee wellness remain critical business concerns.
Axiom’s success has been fueled by its ability to combine clinical excellence with advanced analytics and real-time reporting. Its nurse triage model ensures injured workers receive immediate, appropriate medical guidance, which helps reduce lost workdays, prevent injury escalation, and improve employee satisfaction. At the same time, employers benefit from reduced workers’ compensation costs, enhanced compliance, and improved workforce productivity.
Mark H. Robinson, President & CEO of Axiom Medical, expressed his appreciation for Serent Capital’s long-term support and partnership. “I want to thank Serent Capital for the valuable and insightful support they have provided over the last seven years,” Robinson said. “As we move into this next phase of the Axiom Medical journey, I am excited to partner with NMS Capital. Their healthcare experience and workplace injury expertise will be instrumental as we continue to expand our offerings and deliver even greater value to our clients.”
The investment from NMS Capital is expected to accelerate Axiom Medical’s growth strategy, which includes continued technology innovation, enhancement of its clinical service offerings, expansion into new employer markets, and potential strategic acquisitions. With healthcare costs continuing to rise and employers seeking more effective ways to manage employee health and workplace injuries, demand for Axiom’s integrated solutions is anticipated to remain strong.
NMS Capital brings an experienced team with a proven track record of investing in healthcare and business services companies. The firm specializes in partnering with management teams to drive sustainable growth through operational improvements, strategic expansion, and disciplined capital investment. Its healthcare sector experience is expected to complement Axiom’s existing strengths and help guide the company through its next phase of development.
The recapitalization also reflects broader trends within the healthcare and workplace safety industries. Employers are increasingly adopting proactive approaches to injury prevention, employee mental health, and early clinical intervention as part of their overall risk management and human capital strategies. Technology-enabled solutions like those provided by Axiom Medical are becoming essential tools for organizations seeking to control costs, improve outcomes, and maintain a healthy, productive workforce.
Serent Capital’s investment in Axiom Medical aligns with its broader commitment to helping founder-led businesses become category-defining platforms. With offices in Austin and San Francisco, Serent Capital focuses on investing in high-growth companies across technology, healthcare, and business services. The firm is known for its hands-on approach, providing portfolio companies with operational expertise, performance analytics, and strategic guidance designed to accelerate long-term value creation.
During Serent’s ownership, Axiom not only expanded its service capabilities but also strengthened its leadership team, refined its go-to-market strategy, and invested heavily in technology infrastructure. These initiatives positioned the company for scalable growth and increased competitiveness in a rapidly evolving occupational health landscape.
The transaction underscores the success of Serent’s partnership model and its ability to help businesses reach the next level of performance and market impact. Following the recapitalization, Serent Capital exits its investment with confidence in Axiom’s future under new ownership, while continuing to pursue new opportunities to partner with ambitious founders and management teams.
Bailey & Company served as the exclusive financial advisor to Axiom Medical for the transaction. Legal counsel and other advisors were not disclosed. Financial terms of the transaction were not made public.
Looking ahead, Axiom Medical remains focused on delivering innovative, clinically driven solutions that help employers reduce healthcare costs while improving employee health and safety outcomes. With the support of NMS Capital, the company plans to continue investing in next-generation digital tools, expand behavioral health and wellness services, and deepen its presence across key industry verticals.
As the employer healthcare landscape continues to evolve, Axiom Medical is well-positioned to meet growing demand for integrated, data-driven workplace injury management and employee health solutions. The company’s combination of clinical expertise, behavioral health support, and advanced technology platform is expected to play an increasingly important role in how employers nationwide manage workforce health, safety, and productivity.
This successful transition from Serent Capital to NMS Capital marks an important chapter in Axiom Medical’s growth story—one defined by strong operational foundations, market-leading solutions, and a clear strategic vision for the future.
About Axiom Medical
Axiom Medical was founded in 1999 in The Woodlands, TX, and has established itself as a leader in providing holistic occupational health services for the modern workforce. Axiom Medical empowers organizations to address workplace health challenges comprehensively, from mental and behavioral health to injury case management and infectious disease control
About Serent Capital
Serent Capital is a growth-focused private equity firm that invests in capital-efficient B2B software and technology companies. Since its inception, Serent has prioritized founder-led partnerships, offering hands-on support via its 25+ person Growth Team. With deep expertise in go-to-market, pricing, payments, artificial intelligence, and mergers and acquisitions, Serent helps founders build category-defining companies. With over $6 billion in assets under management, Serent has backed more than 70 companies across sectors such as healthcare, GovTech, education, field services, fintech, and industrial software
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