Spear Education | December 20, 2022
Avista Capital Partners ("Avista"), a leading private equity firm focused exclusively on healthcare, today announced its acquisition of Spear Education ("Spear" or the "Company"), a tech-enabled provider of digital and in-person clinical training, practice analytics and consulting solutions for the dental market. Transaction terms were not disclosed. Headquartered in Scottsdale, AZ, Spear is the industry's leading dental education provider. Spear offers unmatched breadth of content including 5,000+ on-demand videos, 300+ hands on workshops annually, and 100+ study club modules. Spear's solutions enable dentists to learn higher acuity skills and generate new revenue streams, providing a high ROI to dental practices and practitioners across the spectrum of experience. Avista Partner Sriram Venkatraman, said: "Avista sees Spear as a compelling investment opportunity given its industry leadership, demonstrated growth potential and diversified business model. We look forward to leveraging our deep experience in the healthcare technology sector and dental end-market to help accelerate Spear's growth trajectory.
"Spear has achieved robust growth over the last several years, with increases in membership and the expansion of our digital content. We are well positioned to capitalize on the tremendous opportunities ahead, against the backdrop of an accelerating industry. We are thrilled to have Avista as a partner as we pursue a multi-lever expansion strategy that will result in compelling benefits for our customers, employees and the entire dental industry."
CEO of Spear Education Kaleim Manji,
Steve Schiess, an Avista Strategic Executive with over 30 years of experience in the dental industry, most recently as the CEO of Zest Dental Solutions, a former Avista portfolio company, added, "Spear offers dentists a tremendous value proposition. Spear's education and training courses enable dentists to learn new skills that drive the retention of procedures in-house which, in turn, delivers a high return on their Spear investment. We believe there are multiple opportunities to accelerate both the dental practices' and Spear's growth. Wilkie Farr & Gallagher LLP acted as legal advisor and William Blair acted as financial advisor to Avista.
About Spear Education
Spear Education is dentistry's premier source for continuing education. The company serves dentists of all clinical skill levels and transforms practices and the lives of patients by offering physical hands-on courses, extensive peer-to-peer regional learning, and comprehensive online educational tools. For more information, go to www.speareducation.com.
About Avista Capital Partners
Founded in 2005, Avista Capital is a leading New York-based private equity firm with over $8 billion invested in more than 40 growth-oriented healthcare businesses globally. Avista partners with businesses that feature strong management teams, stable cash flows and robust growth prospects – investing in the medical devices, pharmaceuticals, outsourced pharmaceutical services, healthcare technology, healthcare distribution and diagnostics, and consumer healthcare sectors. Avista's Strategic Executives and Advisors are an integral part of the team, providing strategic insight, operational oversight and senior counsel, which helps drive growth and performance, while fostering sustainable businesses and creating long-term value for all stakeholders.
Jones & Bartlett Learning | February 03, 2023
On February 02, 2023, Jones & Bartlett Learning, one of the providers of learning-performance management solutions, partners with LiveCarta, a collaborative platform for digital publishing and learning, to deliver customized e-learning resources for nursing educators.
Through its platform, nursing educators can structure educational resources such as books, academic papers, video and audio clips, binders, and scholarly collections with the nursing education curriculum. This integration will acquire a slot in popular learning management systems (LMS) like Canvas or Blackboards, making it accessible to everyone, including the students. In addition, LiveCarta's platform will provide proven nursing education concepts, a developed flipped classroom experience, and just-in-time teaching (JITT) modes.
Its collaborative publishing platforms and portals offer flexible, goal-oriented learning and a shared platform for digital content for authors, educators, and classmates. Publishers and content creators can sell the whole book, specific chapters, allowing students to collect data from different publications as course content and study aids.
President of the parent company of LiveCarta, Tributary Publishing, Richard Speakman, said, "We built LiveCarta to provide educators with new tools to create the perfect online course pack. Educators can tailor books for their students, including only chapters they intend to teach and adding in additional materials to extend the original author's work. We are excited to partner with Jones & Bartlett Learning to offer nursing educators more innovative ways to bundle learning materials."
(Source – Business Wire)
Director of Product Management at Jones & Bartlett Learning, Matt Kane, said, "LiveCarta supports our mission to offer students and instructors flexibility in their learning resources. We're excited to offer select nursing education titles among the first products to be featured in the LiveCarta platform."
(Source – Business Wire)
About Jones & Bartlett Learning
Jones & Bartlett Learning, which is a division of Ascend Learning, is one of the prominent assessment and learning-performance management solution providers for the secondary, post-secondary, and professional education markets. It also designs educational services and programs by modifying authoritative written content with innovative technology applications, thus creating engaging e-learning educational content catering to the needs of the current education system. In addition, it has been providing personalized, quality learning solutions across nursing, health administration, health professions, computer science, and public health.
360training | December 30, 2022
360training, one of the top online regulated training providers for environmental, health, and safety, has recently announced the acquisition of a web-based training solution provider, AdvanceOnline. With this acquisition, 360training expands their OSHA Online Outreach program and adds DOT transportation safety training programs, such as CMV Driver and CMV Motor Carrier Management, to their comprehensive library.
AdvanceOnline provides excellent online training. They were among the first to be accepted for awarding official DOL OSHA course completion cards under the OSHA Outreach Program. AdvanceOnline, which has over 120 courses in its portfolio, is a welcome addition to the 360training family of organizations.
AdvanceOnline offers outstanding e-Learning and video-based content to assist businesses in meeting federal health and safety laws, including OSHA Outreach titles such as OSHA 30-Hour Construction, OSHA 10-Hour construction, and OSHA 10-Hour General. They are one of the very few companies with OSHA authorization to deliver these courses, along with providing NYC (New York City) Site-Safety Training.
360training is committed to accelerated expansion in order to fulfill its goal of providing superior training solutions in regulated markets. Because the two companies have similar ambitions, the acquisition of AdvanceOnline fits with the mission.
360training.com, Inc. has been providing online regulatory-approved training to individuals and businesses since 1997, facilitating a secure, healthy environment for their communities. Over 11 million training plans have been provided through 360training, AgentCampus, Meditec, VanEd, OSHA.com, OSHAcampus, TIPS, and Learn2Serve.
AdvanceOnline Solutions, based in Houston, Texas, provides professional and educational environmental health and safety services to enterprises, institutions, and government agencies in the transportation, construction, manufacturing, utility, and energy industries.
With over 75 years of combined experience in consulting, safety training development, and delivery, their team, creates high-quality, affordable web-based and classroom training for students and organizations to maintain and surpass compliance with government, company, and industry-defined safety standards and criteria.