Career Step LLC, a portfolio company of Revelstoke Capital Partners, said Oct. 4 that it acquired Medic-CE.com LLC. Financial terms weren’t announced. Houston-based Medic-CE.com provides online continuing education for emergency medical service (“EMS”) and firefighting professionals. Hogan Lovells US LLP acted as legal advisor to Career Step, while Porter Hedges LLP was legal advisor to Medic-CE in the transaction.
Denver, CO (October 4, 2016) – Career Step, LLC (“Career Step”), a portfolio company of Revelstoke Capital Partners (“Revelstoke”), a Denver-based private equity firm, has completed the acquisition of Medic-CE.com, LLC (“Medic-CE” or the “Company”).
Career Step, based in Lehi, Utah, is a leading provider of online, career-focused education and professional training programs in the high-growth healthcare sector. Career Step offers high quality, cost effective, job-specific training solutions that help learners and corporate employees quickly gain career skills and prepare to sit for nationally recognized certifications. The Company has proprietary course content developed by industry experts and distributed through a robust online learning management system.
Founded in 2006 and based in Houston, Texas, Medic-CE is one of the leading providers of online continuing education for emergency medical service (“EMS”) and firefighting professionals. Medic-CE currently serves over 75,000 learner subscribers as well as more than 200 unique EMS and fire departments throughout the country. The Company offers self-paced online continuing education that is written and developed by subject matter experts. All of the EMS programs are nationally accredited by the Commission on Accreditation for Pre-Hospital Continuing Education (“CAPCE”) and are accepted by the National Registry of Emergency Medical Technicians (“NREMT”). Medic-CE provides a solution to the more than two million EMS and firefighting professionals who require various certification or recertification courses in the United States.
“At Career Step, we continue to focus on helping people improve their lives and advance their careers through education designed for real application in the healthcare arena,” said Steve Tober, Career Step President and CEO. “The acquisition of Medic-CE enables us to take our education and innovative training one step further. We are now able to combine Medic-CE’s robust learning management system, over 200 hours of online continuing education and record management with our live online, instructor-led training, which we added this past January through the acquisition of Code3 CME. This combination of tools is the only unified solution in the market that enables EMS and firefighting professionals to meet all of their continuing education requirements in one place.”
“We are enthusiastic about the success the Career Step management team has had in executing on our strategic initiative to expand the professional training service offering,” said Simon Bachleda, Managing Partner and Co-Founder of Revelstoke. “Medic-CE highly complements the continuing education foundation we established through our two previous add-on acquisitions in the space, and will aid in bolstering Career Step’s base of recurring revenue streams.”
Hogan Lovells US LLP acted as legal advisor to Career Step in the transaction. Porter Hedges LLP acted as legal advisor to Medic-CE in the transaction.
About Career Step:
Career Step is an online provider of career-focused education and corporate training. The company has trained over 100,000 students for new careers, has more than 150 partnerships with colleges and universities nationwide, offers a variety of continuing education courses for healthcare professionals and has educated more than 8,000 health information professionals through its Professional Training Division. Career Step provides training for several of the largest and most respected healthcare employers in the nation and is committed to helping students and practicing healthcare professionals alike gain the skills they need to be successful in the workplace—improving lives, advancing careers and bettering business results through education. More information can be found at www.careerstep.com or 1-800-246-7836.
Revelstoke is a private equity firm formed by experienced investors who focus on building industry-leading companies. Revelstoke strives to partner with management teams to execute on a disciplined organic and acquisition strategy to build exceptional companies. Since the firm’s inception in mid-2013, Revelstoke has raised in excess of $700 million in equity commitments across its various investing entities and has completed 25 acquisitions totaling over $1.2 billion in enterprise value.
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