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Continuing Education Alliance acquired byRenovus Capital Partners.

BANKING AND CREDIT NEWS-January 18, 2018-Continuing Education Alliance acquired byRenovus Capital Partners

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Renovus Capital Partners, a private equity firm focused on the education, training and human capital sectors, has announced that it has acquired a controlling interest in Continuing Education Alliance, LLC and Practicing Clinicians Exchange (PCE), the company said.

Based in Stamford, CT, PCE is the national provider of education for nurse practitioners and physician assistants, two of the fastest growing professions in the United States.

PCE was created in 2006 in response to a national physician shortage and growing demands in healthcare that placed NPs and PAs on the front lines of patient care. There are currently more than 234,000 licensed nurse practitioners and approximately 115,000 licensed physician assistants in the US Over the past decade, PCE has created hundreds of innovative live and online continuing education activities tailored to the unique needs of this expanding, and increasingly important, group of clinicians. In 2017, PCE launched a new sponsorship platform for expanded educational opportunities for its audience.

PCE's programs are independently developed with national medical experts and provide credits from national accrediting organizations along with university partners. These events and online offerings to participants are supported through educational grants from pharmaceutical companies committed to improving our nation's healthcare.

Berkery Noyes Investment Banking served as the sell-side advisor to PCE along with Guzowski Advisory. DLA Piper served as legal counsel and CTS as a financial advisor to Renovus.

Headquartered in Stamford, CT, PCE is an innovative multichannel CME company specifically focused on nurse practitioners and physician assistants. Founded in 2006, the company provides live, home study, and online CME designed to meet the real-world clinical needs of NPs and PAs. More information can be found at http://www.practicingclinicians.com.

Founded in 2010, Renovus Capital Partners is an education, training and human capital focused private equity firm. Renovus is based outside of Philadelphia and manages USD 495 million of committed capital through two SBIC funds. To date, the firm has acquired nineteen portfolio companies in areas such as educational technology, educational content, classroom instruction, corporate consulting and training, and human capital. The firm is an active investor in profitable and growing enterprises where the Renovus team, in partnership with management, seeks to create value through operational improvements, strategic growth initiatives and acquisitions. More information can be found at http://www.renovuscapital.com.

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Publication:M2 Banking & Credit News (BCN)
Date:Jan 18, 2018
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