Online Education Services Become a Crucial Component Helping People Adapt to a New Reality During Pandemic

PR Newswire | August 20, 2020

As the pandemic continues to put a strain on the worldwide economy, one side effect is the sharp increase in online streaming content consumption. There is still uncertainty ahead, and it is unclear how soon society will get back to how things were before the pandemic. Yet, as millions of Americans adjust to working from home, new research from Comscore, evaluating media across platforms, shows engagement with streaming services and year-over-year in-home data usage have surged in the beginning of May 2020. According to the data, overall average in-home data consumption was up 33% during the first ten days of May 2020 compared to the first ten days of May 2019 (May 1-10, 2020 versus May 1-10, 2019). Another winner will be over-the-top (OTT) media services, such as those provided by Netflix or Hulu, with revenue forecast to be up 12%, equivalent to USD 6 Billion. Color Star Technology Co., Ltd. (NASDAQ: HHT), Chegg, Inc. (NYSE: CHGG), Perdoceo Education Corporation (NASDAQ: PRDO), K12 Inc. (NYSE: LRN), New Oriental Education & Technology Group Inc. (NYSE: EDU)

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Stevenson University Online: Master of Arts in Teaching

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AVISTA CAPITAL PARTNERS ACQUIRES SPEAR EDUCATION

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.

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CONTINUING EDUCATION

Catherine Hershey Schools for Early Learning to Expand into Lancaster County

Milton Hershey School | November 14, 2022

Catherine Hershey Schools for Early Learning (CHS) announced yesterday at an event at Eden Resort & Suites in Lancaster, Pennsylvania, that it will open three Early Childhood Education Centers (ECECs) in Lancaster County to serve children from birth to age 5 from economically disadvantaged and at-risk backgrounds. The cost-free Centers will be located in Lancaster City, New Danville, and Elizabethtown. At yesterday's event, Lancaster County community leaders and child advocates heard from CHS and Milton Hershey School (MHS) leadership about their approach to providing accessible early childhood education. CHS intends to support and work collaboratively with existing Lancaster County organizations to serve local children and families. City of Lancaster Mayor Danene Sorace also spoke, explaining how the addition of the CHS Centers will positively impact the broader Lancaster County community. The three CHS Centers in Lancaster County are part of a $350 million initiative to initially develop six ECECs in the state as subsidiaries of MHS. Each will offer a non-residential, year-round core early learning program with a curriculum designed to enhance children's educational, social, and emotional development. It also will provide children with nutritious meals, transportation, and other needed supplies, along with integrated support services to families of enrolled children. All of this will be provided with all costs covered to qualifying families. Yesterday's announcement was suitably made during Founders Week at MHS, which celebrates the anniversary of Milton and Catherine Hershey establishing the school 113 years ago. The Hersheys' legacy is deeply rooted in Lancaster County, making this expansion especially meaningful. Milton Hershey spent his childhood in Bart Township and, as an adult, opened the Lancaster Caramel Company. Lancaster County is also where Milton and Catherine Hershey spent the early years of their marriage and invested in the Lancaster community through their support of St. Joseph's Hospital, Franklin & Marshall College, and Catherine's service as an inaugural member of the Lancaster Charity Society. The Lancaster County CHS Centers are expected to begin opening in 2026. ABOUT CATHERINE HERSHEY SCHOOLS FOR EARLY LEARNING  Catherine Hershey Schools for Early Learning will provide a cost-free educational, social, and cognitive program to children from birth to age 5 from economically disadvantaged and at-risk backgrounds through the development of initially six Early Childhood Education Centers. The Centers are subsidiaries of Milton Hershey School and will be staffed and operated independently of the Milton Hershey School core model. For more information, visit chslearn.org.  ABOUT MILTON HERSHEY SCHOOL  Milton Hershey School is one of the world's best private schools, where qualifying students in pre-kindergarten through 12th grade live on campus and receive an exceptional educational experience—with all costs covered.

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EDUCATION TECHNOLOGY

DeepHow and UL Solutions Collaborate to Bring Video-Based Training on ComplianceWire

DeepHow | January 04, 2023

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