M&A Deal Summary

Relias Learning Acquires Advanced Practice Strategies

On April 5, 2017, Relias Learning acquired education company Advanced Practice Strategies from Massachusetts Capital Resources Company

Acquisition Highlights
  • This is Relias Learning’s 8th transaction in the Education sector.
  • This is Relias Learning’s 9th transaction in the United States.
  • This is Relias Learning’s 2nd transaction in Massachusetts.

M&A Deal Summary

Date 2017-04-05
Target Advanced Practice Strategies
Sector Education
Buyer(s) Relias Learning
Sellers(s) Massachusetts Capital Resources Company
Deal Type Add-on Acquisition

Target

Advanced Practice Strategies

Boston, Massachusetts, United States
Advanced Practice Strategies, Inc. is a provider of instructional solutions promoting patient safety, jury education and medical risk management. The APS eLearning division offers web-based training to physicians and nurses, designed to reduce medical error and increase patient safety. Advanced Practice Strategies, Inc. was founded in 1993 and is based in Boston, Massachusetts.

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Buyer(S) 1

Buyer

Relias Learning

Boca Raton, Florida, United States

Category Company
Founded 2012
Sector Internet Software and Services
DESCRIPTION

Relias Learning LLC is a provider of verticalized e-learning solutions through SaaS-based software and related course content. The solutions enable organizations to remain in compliance with regulatory and accreditation requirements and offer continuing education solutions to current employees. Relias Learning was founded in 2012 and is based in Boca Raton, Florida.


DEAL STATS #
Overall 11 of 13
Sector (Education) 8 of 8
Type (Add-on Acquisition) 10 of 12
State (Massachusetts) 2 of 2
Country (United States) 9 of 11
Year (2017) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-03-02 spm

Schwerin, Germany

spm GmbH is a provider of more than 300 courses for the acute and post-acute care industries. spm has worked directly with their customers – which include hospitals in two of the top three hospital networks in Germany to develop the most complete, highest quality library of healthcare training courses in Germany. spm GmbH was founded in 2005 and based in Schwerin, Germany,

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-04-13 Care Management Technologies

Morrisville, North Carolina, United States

Care Management Technologies, Inc. is a provider of an evidence-based suite of three highly efficient IT-based decision support products to improve the quality of care and reduce the cost of care for patients suffering from problems of behavioral health. Care Management Technologies, Inc. was founded in 1999 and is based in Morrisville, North Carolina.

Buy -

Seller(S) 1

SELLER

Massachusetts Capital Resources Company

Boston, Massachusetts, United States

Investor Investor Investor


Category Mezzanine Finance Firm
Founded 1977
PE ASSETS 700M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Massachusetts Capital Resource Company (MCRC) is a limited partnership privately owned and funded by Massachusetts-based life insurance companies. MCRC provides mezzanine financing for businesses with $3 to $100 million in revenue seeking capital to fund growth, strengthen balance sheets, or complete acquisitions. MCRC will consider investments in technology and non-technology companies seeking capital of $1 to $5 million. MCRC was formed in 1977 and is based in Boston, Massachusetts.


DEAL STATS #
Overall 7 of 11
Sector (Education) 1 of 1
Type (Add-on Acquisition) 6 of 9
State (Massachusetts) 6 of 10
Country (United States) 7 of 11
Year (2017) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-06-03 Quadrant Software

Mansfield, Massachusetts, United States

Quadrant Software, Inc. is a provider of electronic document management software primarily for the IBM iSeries. Quadrant provides application modernization, mobile development, business intelligence and document distribution solutions and services.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-05-17 Source Code

Milford, Massachusetts, United States

Source Code is a provider of custom manufactured computer solutions, computer component sourcing, and distribution services throughout the Northeast and Midwest. Source Code was founded in 1992 and is based in Milford, Massachusetts.

Sell -