PE-backed Carrus buys Archetype Innovations

Carrus, which is backed by Revelstoke Capital Partners, has acquired Archetype Innovations, an educational electronic health record learning platform. No financial terms were disclosed.

PRESS RELEASE

LEHI, Utah, April 1, 2021 /PRNewswire/ — Carrus, a leading integrated technology platform that provides training solutions to the high-growth healthcare sector, announced today it has completed the acquisition of Archetype Innovations (“Archetype”), an innovative educational Electronic Health Record learning platform. Terms of the transaction were not disclosed.
Carrus is a portfolio company of Revelstoke Capital Partners (“Revelstoke”), a Denver-based private equity firm. This transaction marks Carrus’ sixth acquisition since partnering with Revelstoke and serves as a key building block to expand the business’ healthcare-focused education technology platform.

“Carrus and Archetype are trusted providers of high-quality educational resources that meet the needs of current and future healthcare professionals,” said Misty Frost, Chief Executive Officer of Carrus. “It’s clear that today’s healthcare learners need meaningful experiences with electronic health records (EHRs), and Archetype’s EHR Go platform allows us to enrich the Carrus training environment, creating greater learning outcomes.”

“Under Misty’s leadership, Carrus has made great strides in improving access to crucial education and training for new entrants to healthcare services careers, which are in high demand. We are proud to support the Carrus team in this mission, and we look forward to working with them on this compelling acquisition,” said Russell Cassella, Managing Partner at Revelstoke.

“Archetype complements Carrus’ existing offerings with web-based, comprehensive electronic health record training software and opens new channels to provide education across nursing, therapy, informatics, and other critical allied health professions,” added Jonny Miller, Vice President at Revelstoke.

Winston & Strawn LLP acted as legal counsel to Carrus.

About Carrus
Carrus delivers quality, trusted healthcare learning content, continuing education, and certification management to new learners, healthcare professionals, and institutions through an integrated technology platform that provides the most seamless healthcare learning experience possible. In more than 25 years, Carrus, through its CareerStep and CareerCert divisions, has trained over 140,000 learners for new careers, partnered with more than 150 colleges and universities nationwide, and educated over 100,000 healthcare professionals. Carrus is headquartered in Lehi, Utah.