Colibri Group, a company that provides learning solutions to licensed professionals, has announced the acquisition of TRC Healthcare, a leading provider of education and training for healthcare practitioners.
The deal will enhance Colibri Group’s portfolio of professional education services for pharmacists, nurses, physicians and other healthcare professionals.
TRC Healthcare offers a range of products and services, including pre-licensure, continuing education, advanced training, clinical and regulatory references, simulation-based practice improvement and digital solutions.
TRC Healthcare serves over 1 million clinicians, 3,500 hospitals and a vast network of pharmacies across its 10 brands.
Colibri Group’s president of healthcare, Renee Altier, said that the acquisition will help the company achieve its mission of leading professionals to achieve more and thrive in their careers. She added that TRC Healthcare has a strong reputation for quality and innovation in the healthcare industry.
TRC Healthcare’s CEO, Wes Crews, said that he is excited to join Colibri Group and leverage its expertise and resources to grow the business and offer enhanced solutions to its clients.
Colibri Group is backed by Gridiron Capital, a private equity firm that focuses on partnering with founders, entrepreneurs and management teams. Gridiron Capital’s senior managing director, J.B. Cherry, said that TRC Healthcare is a fantastic business that will accelerate Colibri Group’s vision of becoming the most admired professional learning company in the world.
The financial terms of the deal were not disclosed. The transaction received regulatory approval and was advised by Houlihan Lokey, Robert W. Baird & Co., Finn Dixon & Herling LLP, Morgan Stanley & Co. LLC, William Blair & Company, LLC, Deloitte Corporate Finance LLC and Kirkland & Ellis LLP.