BrainsWay Acquires Minority Stake in Axis Integrated Mental Health, Potential for $1 Million Additional Investment

BrainsWay has acquired a minority stake in Axis Integrated Mental Health for $2.3 million, with a potential additional $1 million investment. The partnership aims to leverage BrainsWay's Deep TMS technology to improve patient outcomes and expand Axis's clinical services platform. The deal is in line with BrainsWay's strategy to enhance access to innovative mental health treatments and support healthcare providers.

BrainsWay Ltd. (NASDAQ & TASE: BWAY), a leading provider of advanced noninvasive neurostimulation treatments for mental health disorders, has announced a strategic equity financing agreement with Axis Management Company, Inc. (Axis Integrated Mental Health or Axis). Under the terms of the agreement, BrainsWay will invest $2.3 million initially, with a potential additional $1 million milestone-based investment, for a minority position in Axis in the form of a preferred, annually compounding security [1].

The investment is part of BrainsWay's broader initiative to accelerate access to and awareness of innovative mental health treatments, including Deep TMS Therapy, while continuing to maintain its core focus on advancing scientific and technological capabilities [2]. By providing capital injections to high-performing healthcare providers, BrainsWay aims to support their growth and expansion, enabling them to offer expanded services and reach more patients.

Axis, a management services organization servicing several mental health clinics in Colorado, offers a robust clinical services platform and is committed to achieving rapid growth and excellent patient outcomes. The partnership with BrainsWay is expected to enhance Axis's clinical services platform, leveraging BrainsWay's proprietary Deep TMS technology to improve patient outcomes and support the company's mission of delivering best-in-class mental health care [1].

Chris Perez, Chief Executive Officer of Axis, stated, "Our partnership with BrainsWay was born out of a mutual desire to deliver the best cutting-edge mental health treatments to the communities we serve. Given the peerless reputation of BrainsWay and its proprietary Deep TMS technology, we realize the value this strategic partnership will provide as we further advance in our mission of putting patients first through our best-in-class support" [1].

The deal underscores BrainsWay's commitment to enhancing access to innovative mental health treatments and supporting healthcare providers, aligning with the company's broader strategy to invest in leading U.S. mental health providers [2].

References:
[1] https://www.morningstar.com/news/globe-newswire/9514602/brainsway-acquires-minority-stake-in-axis-integrated-mental-health
[2] https://www.brainsway.com/news_events/brainsway-acquires-minority-stake-in-axis-integrated-mental-health/