Denver — Excellere Partners, a Denver-based middle market private equity firm, is pleased to announce that its portfolio company, JTC Education Holdings, Inc., (JTC), has completed the purchase of MedTech College, LLC.
MedTech is an Indianapolis, Ind. provider of allied health education, including registered and practical nursing. MedTech operates four campuses in Indiana and Kentucky and has distinguished itself as a premier institution with exceptional programs and student outcomes.
JTC was formed in March of 2009 by Excellere to pursue a buy and build investment strategy within the proprietary postsecondary education industry. The platform is focused on creating a best-in-class provider of education and training in healthcare and wellness careers.
"MedTech is a perfect addition to the JTC Education platform," said Ryan Heckman, a Senior Partner of Excellere. "MedTech’s commitment to delivering high quality associate degree healthcare education, culture of excellence and intense focus on student outcomes will further differentiate the JTC platform."
“We are very excited to be part of the Excellere / JTC Education family,” said Joe Davis, Chief Executive Officer of MedTech College. “Strategically, we see tremendous value by partnering with the JTC schools to create the leading healthcare education provider. Excellere was selected in a very competitive process because they demonstrated similar values concerning employees, students, employers and regulatory compliance.”
With the addition of MedTech, JTC maintains a strong footprint of ten campuses within six states in the Midwest and mid-Atlantic regions. Pro forma for the MedTech acquisition, JTC serves over 3,500 students, with ninety percent of its students enrolled in healthcare and wellness disciplines, including nursing. For more information, please visit www.MedTechCollege.edu.
Winston and Strawn LLP served as legal counsel and Drinker Biddle & Reath LLP served as regulatory counsel to Excellere Partners and JTC Education. Financing for the transaction was provided by Ares Capital Corporation and Fifth Street Capital. Dickstein Shapiro LLP served as corporate and regulatory counsel to MedTech and Ed Meehan of Arcady Bay Partners LLC, an investment bank with a focus on the education sector, represented MedTech as its financial advisor.
About Excellere Partners
Excellere is a Denver-based private equity investment firm, specializing in partnering with middle-market entrepreneurs and management teams to build best-in-class industry leading companies. The focus of this strategy revolves around providing more products, services and/or capabilities to the company’s customers; creating a better customer value proposition, while positioning the company for profitable long-term growth. For more information, please visit: www.ExcellerePartners.com.