Penn Foster Combines with Carrus; Revelstoke Exits

Carrus (Revelstoke) Acquires Archetype Innovations

March 31, 2021

Healthcare Services

Carrus, a Revelstoke Capital Partners-backed healthcare training technology platform, has acquired Archetype Innovations, the creator of the EHR Go educational electronic health record platform. The add-on expands Carrus' healthcare-focused education technology capabilities and opens new channels to deliver EHR training across nursing, therapy, informatics, and allied health programs; deal terms were not disclosed.

Penn Foster Acquires Sokanu (CareerExplorer)

March 19, 2021

Education

Penn Foster has acquired Sokanu, the creator of the CareerExplorer career-discovery platform used by more than 10 million people annually. The deal (terms not disclosed) will combine Sokanu's labor-market intelligence, assessments and machine‑learning tools with Penn Foster's workforce-focused education and training offerings to better guide and upskill middle‑skill workers.

Renovus Capital Partners Backs Combination of Clinical Care Options and Practicing Clinicians Exchange

January 17, 2019

Education

Renovus Capital Partners provided equity financing to combine Clinical Care Options (CCO) and Practicing Clinicians Exchange (PCE), two leading medical and healthcare education companies. The deal merges CCO's oncology- and specialty-focused CME/CE platform based in Reston, Virginia with PCE's NP/PA‑focused continuing education business in Greenwich, Connecticut to broaden capabilities, audience reach, and product distribution.

Renovus Capital Partners Acquires Continuing Education Alliance and Practicing Clinicians Exchange

January 8, 2018

Education

Renovus Capital Partners, an education- and human-capital-focused private equity firm, acquired a controlling interest in Continuing Education Alliance, LLC and Practicing Clinicians Exchange (PCE). The deal makes PCE the fifth platform company in Renovus Capital Partners II and positions the businesses for organic growth and strategic acquisitions to expand continuing medical education for nurse practitioners and physician assistants.

Revelstoke Capital Partners and CDPQ Recapitalize Crossroads Treatment Centers

January 11, 2022

Healthcare Services

Revelstoke Capital Partners and Caisse de dépôt et placement du Québec (CDPQ), alongside Crossroads' management, completed a recapitalization of Crossroads Treatment Centers to support the company's next phase of growth. The transaction provides capital to pursue add-on acquisitions and invest in Crossroads' value-based behavioral health care model across its network of treatment locations.

Revelstoke Capital Partners Recapitalizes The Care Team

October 15, 2019

Healthcare Services

Denver-based private equity firm Revelstoke Capital Partners has completed a recapitalization of The Care Team, a Farmington Hills, Michigan-based home health and hospice provider. The investment will provide capital and strategic support to accelerate TCT's growth, pursue multi-state expansion and participate in industry consolidation while founder Jason Laing remains CEO and a significant shareholder.