Colibri Group, a renowned professional education company, has recently completed the acquisition of TRC Healthcare, adding a range of leading capabilities for healthcare practitioners to its already impressive portfolio of learning solutions. The addition of TRC Healthcare significantly enhances Colibri’s offerings for Pharmacists, Nurses, Physicians, and other healthcare professionals, furthering the company’s mission of empowering professionals to excel in their careers.
TRC Healthcare brings to the table a market-leading pharmacy product suite and an extensive array of continuing education programs. Their services cater to over 1 million clinicians, 3,500 hospitals, and a vast network of pharmacies across 10 brands. Their offerings include Pre-Licensure/Test Prep for Pharmacy Technicians, Continuing Education, Advanced Training, and Clinical/Regulatory References for Pharmacy Technicians, Pharmacists, and other clinicians. Additionally, through their NetCE brand, TRC provides continuing education for various healthcare professionals, including nurses, physicians, and dentists, offering a library of 425 courses. The QURE brand also offers simulation-based practice improvement solutions for Payor/Provider and Life Sciences clients.
The acquisition has immense strategic value for both companies. Colibri Group, already recognized as the gold standard in professional education, aims to become the most admired professional learning company globally. By integrating TRC Healthcare’s expertise and resources, Colibri is poised to achieve this vision. Wes Crews, CEO of TRC Healthcare, expressed excitement about the partnership, emphasizing the synergies between the two organizations and their shared commitment to empowering professionals with the tools and knowledge needed for success.
The acquisition of TRC Healthcare by Colibri Group was facilitated by financial advisors from Houlihan Lokey and Robert W. Baird & Co. Legal counsel was provided by Finn Dixon & Herling LLP. Morgan Stanley & Co. LLC acted as the lead financial advisor to TRC, with support from William Blair & Company, LLC and Deloitte Corporate Finance LLC, while Kirkland & Ellis LLP served as legal counsel for the sale.
Colibri Group’s acquisition of TRC Healthcare represents a significant step forward in their mission to provide top-notch professional education services. With their expanded capabilities, Colibri is well-positioned to elevate the learning experience of healthcare professionals and make a notable impact in the market.
1. What is Colibri Group?
Colibri Group is a professional education company that offers online and in-person learning solutions for licensing, continuing education, test preparation, and professional development.
2. What are TRC Healthcare’s core offerings?
TRC Healthcare provides lifelong learning solutions for healthcare professionals, including training, continuing education, clinical simulations, and resources for pharmacists, pharmacy technicians, physicians, and nurses.
3. What does the acquisition mean for Colibri Group?
The acquisition of TRC Healthcare expands Colibri’s capabilities in healthcare education, allowing them to offer enhanced solutions for healthcare clinicians, leaders, and institutions.
4. How will the acquisition benefit healthcare professionals?
Healthcare professionals will have access to a broader range of learning resources and continuing education programs, empowering them to improve patient care and outcomes.
5. Who facilitated the acquisition?
Houlihan Lokey and Robert W. Baird & Co. provided financial advisory services, while Finn Dixon & Herling LLP served as legal counsel for the transaction. Morgan Stanley & Co. LLC acted as the lead financial advisor to TRC Healthcare, with support from William Blair & Company, LLC and Deloitte Corporate Finance LLC, and Kirkland & Ellis LLP served as legal counsel for the sale.