CLINICAL CARE OPTIONS AND PRACTICING CLINICIANS EXCHANGE ANNOUNCE STRATEGIC COMBINATION
Reston, VA – January 17, 2019 – Clinical Care Options® (CCO) and Practicing Clinicians Exchange (PCE), two premier and award winning medical and healthcare education companies, announced today that they have combined their businesses. The strategic merger was led by equity financing from Renovus Capital Partners (Renovus), a Philadelphia-based investment firm committed to supporting and growing best in class education, training, and human capital companies.
CCO, based in Reston, VA, known for its pioneering work in CME/CE over the last 25 years, is the clear global market leader in oncology, virology, immunotherapy, and other therapeutic areas. The company is recognized for its live meetings and remarkable array of online interactive educational solutions, including its personalized education and information portal and the 2018 Alliance for Continuing Education in the Health Professions (ACEHP) Innovative Format Award winner, for disease and tumor specific true point-of-care decision support tools.
PCE, now in its twelfth year, is known as the premier CE company for advanced healthcare professionals including physician assistants (PA) and nurse practitioners (NP).
“We are all thrilled by the combination of our two great companies,” said Robin Murray, President of CCO, “and our goal is to maintain each world class brand while leveraging each other’s strength in the service of continuing to innovate for all healthcare professionals — and make an even bigger difference in both the clinician’s ability to provide superior care and positively impact patient health outcomes”.
Jesse Serventi, a Founding Partner of Renovus, added, “After an extensive search we were excited to find two fantastic healthcare education companies with talented management teams. CCO has a sophisticated integrated technology portal and smart solutions that are tailored to individual preferences and make a significant difference at the point-of-care. We are excited to bring this technology directly to PCE’s far-reaching membership of NPs and PAs.”
Excel Partners served as the sell-side advisor to CCO. DLA Piper served as legal counsel to Renovus. Manatt served as legal counsel to CCO.
About Clinical Care Options
Clinical Care Options, LLC, is the global leader in the development of innovative educational technology platforms that integrate all levels of medical and healthcare education and information with personalization and moderated social media. The leadership of CCO has been a pioneer in the creation of continuing education and decision support resources for healthcare professionals both in the United States and around the globe for more than two decades. For more information, visit clinicaloptions.com.
Headquartered in Greenwich, CT, PCE is an innovative multichannel CE company specifically focused on nurse practitioners and physician assistants. Founded in 2006, the Company provides live, home study, and online CE designed to meet the real-world clinical needs of NPs and PAs. More information can be found at practicingclinicians.com.
About Renovus Capital
Founded in 2010, Renovus Capital Partners is an education, training, and human capital focused private equity firm. Renovus is based outside of Philadelphia and manages over $500 million of committed capital through two SBIC funds. To date, the firm has acquired nineteen portfolio companies in areas such as educational technology, educational content, classroom instruction, corporate consulting, and training, and human capital. The firm is an active investor in profitable and growing enterprises where the Renovus team, in partnership with management, seeks to create value through operational improvements, strategic growth initiatives and acquisitions. More information can be found at renovuscapital.com.