Nationally Accredited, Title IV, Allied Healthcare School – SOLD
THIS OPPORTUNITY IS NO LONGER AVAILABLE. CALL US TO LEARN ABOUT OTHER NURSING SCHOOLS WE HAVE FOR SALE
2016 Revenues (Est.): $2,400,000 2016 EBITDA (Est.): $343,000
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Investment Highlights:
Established Healthcare & Skilled Trades Programs – Medical Assistant–10 months, Licensed Practical Nurse (LPN)–12-14 months, Certified Nursing Assistant (CNA)–3 months, and HVAC Repair (HVAC)–12 months.
Major Metropolitan Market – The school has two campuses in a major metropolitan area in the Midwest.
High Placement Rates – 73% placement rate for its LPN program in 2015.
Fully Accredited, Title IV Institution – Currently accredited by ACICS and participates in Title IV program. Changing accrediting agencies to ACEN.
Excellent 90/10 Rate – The School’s 2015 90/10 rate was 60%.
Background:
Our client is a nationally accredited, Title IV allied healthcare career school established in 1997. The school offers allied healthcare and skilled trades programs. In 2016 the school has a total enrollment of over 300 students who attend the school’s two campuses located in a major metropolitan market in the Midwest. The school’s largest program is its licensed practical nurse (LPN) program with approximately 192 students which represents approximately 64% of school’s total tuition received.
Based on internal financial results through May 2016, management expects 2016 annualized revenues to be approximately $2.4 million and adjusted EBITDA to be $343,000. This is up 15% and 78% respectively from 2015.
The school is accredited by ACICS however management is in the process of changing accreditation to ACEN which they anticipate will be received before the sale is complete. The school’s founders have some minor health issues and are interested in retiring, however, they are willing and able to work with the buyer for a reasonable transition period or as consultants afterward.
Additional information is available to qualified principals upon receipt of a signed nondisclosure agreement attached. Download Client Profile and Nondisclosure Agreement.
Please contact Richard Jackim at (224) 513-5142 or rjackim@jackimwoods.com with any questions.
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Education Brands Acquires Diamond Mind
Education Brands, a leading software provider to the education industry and a portfolio company of Genstar Capital, has acquired Diamond Mind, the leader in campus-wide payment solutions for independent schools.
Founded in 2003, Diamond Mind is the nation’s leading provider of payment processing software and services for independent K-12 schools, serving over 1,200 schools, including approximately half of the largest 50 private K-12 schools in the country. The company’s suite of products allows school business officers to consolidate, streamline, and reconcile payments across the campus to reduce costs, minimize risk, and improve the payment experience for parents. Diamond Mind’s offerings include solutions for online tuition, online giving, admissions, bookstore, summer programs, and purchase cards.
Diamond Mind was sold by Serent Capital which invested in Diamond Mind in 2014 after several years of researching and looking at opportunities in the education and payment processing markets. Over the last two years, Diamond Mind has successfully built-out its software portfolio, enhanced its customer acquisition engine, and grown its senior executive team. As a result, Diamond Mind has increased revenue nearly 60%, while increasing its client base by over 400 schools since Serent Capital’s 2014 investment.
Read MoreCorporate Buyer Seeks Title IV Allied Healthcare School
We have been retained by a national operator of urgent care centers to help them acquire a nationally accredited, Title IV career college with an emphasis on allied healthcare programs, including, but not limited to, Diagnostic Medical Sonography (DMS); Health Information Technology (HIT); Magnetic Resonance Imaging (MRI) Technology; Noninvasive Cardiovascular Sonography (NICVS); Surgical Tech, Medical Assisting or Licensed Practical Nurse programs.
The ideal candidate will have revenues between $1 million and $3 million. Our client’s urgent care centers and community hospitals can provide excellent clinical sites and can help the school expand strategically into new markets.
If you own a school that fits this general description, please contact Rich Jackim at (224) 513-5142 or rjackim@jackimwoods.com to schedule a confidential, no-obligation call to learn more.
Read MoreStrategic Buyer Seeks Education Related Distribution Companies
Jackim Woods & Co. is representing a strategic buyer interested in acquiring retailers or distributors that specialize in:
- School Nurse & Medical Supplies
- Early Childhood and Early Intervention Supplies
- Health Education and Physical Education Supplies
- Special Education Products and Resources
- Speech Language Therapy Products
- Occupational Therapy Products
- Physical Therapy Products
- Autism Products and Solutions
To be of interest, companies should have revenues between $3MM and $20MM and gross margins over 30% or better.
Our client is a third generation family owned business with a healthy balance sheet, and is able to close transactions quickly using flexible transaction structures. The company has a history of making successful acquisitions and has a strong belief in keeping the current management team in place.
If you have a company that fits these criteria, please contact Rich Jackim at (224) 513-5142 or at rjackim@jackimwoods.com.
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Profitable, Well-Operated Nursing School – SOLD
THIS OPPORTUNITY IS NO LONGER AVAILABLE. CALL US TO LEARN ABOUT OTHER NURSING SCHOOLS WE HAVE FOR SALE.
Investment Highlights:
Established Healthcare Programs– Including Registered Nursing, Licensed Practical Nursing, and Medical Office Assistant
Certificate & Degree Programs – Awards Associates degrees in Registered Nursing and Medical Office Assistant programs and certificates in its Licensed Practical Nursing Program.
Outstanding Educational Outcomes: Graduates of the RN and LPN programs had an impressive 87% and 98% pass rate on the state’s Nursing Board Exams, respectively.
High Placement Rates – 100% placement rate for all programs in 2015.
Fully Accredited, Title IV Institution – Accredited by Accrediting Council for Independent Colleges and Schools (ACICS) and participates in Title IV funding.
Good 90/10 Rate – 2015 Title IV funds were 81% of total revenues.
No Gainful Employment Issues: With 100% placement rates and high starting salaries, there are no gainful employment issues.
In 2015 revenues were just over $879,000. Adjusted EBITDA in 2015 was $108,000. Management expects 2016 revenues and EBITDA to be $839,000 and $184,000. Management expects the Fall semester to be strong. The RN class is expected to be full with alternates waiting. The LPN class is currently half full and still getting applicants.
The School is owned by a non-profit entity that operates two nursing schools. While the School is technically a campus of a multi-location college, it has its own OPEID number and is designated as a Main Campus. With margins in excess of 20%, a strong 90/10 rate, strong placement rates and no gainful employment issues, this school could be operated as either a non-profit or a for-profit career college.
Download Executive Summary & Nondisclosure Agreement.
For additional information contact Rich Jackim at rjackim@sportsclubadvisors.net or at 224-513-5142.
Read MoreJackim Woods & Co. Advises on Sale of Midwestern Career College
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Midwestern Career College was acquired by MCC Holding Group, LLC. Midwestern Career College is one of the leading Title IV allied healthcare career colleges in the Midwest with certificate and degree programs in over a dozen programs. The school is best known for its Magnetic Resonance Imaging, Diagnostic Medical Sonography. Non-Invasive Cardiovascular Tech, Surgical Tech, and Dialysis Tech programs and is one of only a few schools in greater Chicago area to offer these programs.
Rich Jackim, a partner at Jackim Woods & Co., represented the Midwestern Career College and arranged the transaction.
[/et_pb_text][/et_pb_column][/et_pb_row][/et_pb_section] Read MoreJackim Woods & Co. Advises on Sale of Success Schools, LLC
CHICAGO, IL, January 4, 2016 – Success Schools LLC, a leading Title IV career college for barbers, was acquired by Denmark Education.
Success Schools, with campuses in Merrillville, IN and Chicago, IL is the largest Title IV barber college in the Midwest. The principals of Denmark Education are experienced Title IV school owners and operators who plan to build on Success Schools’ solid reputation and strong educational outcomes.
Rich Jackim, a partner at Jackim Woods & Co., represented Success Schools, LLC and and arranged the transaction.
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Jackim Woods & Co. Advises on Sale of Echo Springs Academy
Echo Springs Transition Study Center and Academy was acquired by the principals of Breakwater Expeditions. Echo Springs is one of the most highly respected therapeutic boarding schools for young adults. Founded by Doug Kim-Brown, Echo Springs has been called the “gold standard” of young adult transitional programs. The program’s staff of 20 professionals work with approximately 20 students between the school’s two locations.
Rich Jackim, a partner at Jackim Woods & Co., represented Echo Springs Transition Study Center and arranged the transaction.
Read MoreSchool Health Corporation Acquires EnableMart
HANOVER PARK, IL January 12, 2012 — School Health Corporation (SHC), the leading provider of medical supplies and equipment to school nurses, announced today the acquisition of EnableMart, a leading provider of assistive technology to the special needs community. MidCap Advisors, LLC (MidCap) represented SHC and arranged the transaction.
In recent years, School Health has successfully expanded into the complimentary markets of early childhood and special needs. “These are growing markets for us to build upon our focus of improving the health and well being of students,” said Susan Rogers, School Health’s President. “EnableMart’s leading position in the assistive technology space, e-commerce expertise and exclusive distribution rights to several innovative products made EnableMart particularly attractive to us.”
The companies plan to maintain and enhance the EnableMart brand and grow the channel by adding items from School Health’s wide selection of over 20,000 products.
“We are excited about the opportunities that this acquisition will provide to the business. School Health’s strong schools oriented sales force, with feet on the street in every major market in the country, and a strong catalog distribution program means that our mutual customers will have access to more products and even better service. We expect to grow each business by cross selling our collective products both directly and through our catalogs and websites. This will also allow the EnableMart team to provide more personalized attention to our non-school customers such as State Departments of Rehabilitation throughout the country,” said David Lindmeir, CEO of EnableMart.
“Students with special needs deserve the same opportunity as other students – to reach their maximum educational potential,” said Scott Cormack, Chief Strategy Officer, EVP for School Health. “Through our acquisition of EnableMart, we can help give students with special needs that opportunity with assistive technology.”
Rich Jackim, a partner at Jackim Woods & Co. advises School Health Corporation on its corporate development strategy and acquisition program and arranged the transaction.
About School Health Corporation
School Health Corporation (www.schoolhealth.com) is the leading supplier of health supplies and equipment to schools. More than 95% of the top 500 school districts and largest universities in the United States purchase their products from the company annually. School Health offers customers more than 20,000 products from over 600 manufacturers. This third-generation, family-owned business, was founded in 1957 and currently employs more than 100 people.
About EnableMart
EnableMart (www.enablemart.com) is a worldwide leader in assistive technology distribution. The company has deep expertise in technology for special education and is listed as an approved vendor in most school districts throughout the U.S. EnableMart provides over 3,000 assistive technology and assistive living devices from over 200 manufacturers to customers in all 50 States and over 45 countries worldwide. EnableMart continually seeks out and provides the best assistive technology products at the most affordable prices and remains steadfast in its mission to improve the lives of individuals with disabilities.
Read MoreJackim Woods & Co. Advises on Sale of Allied Health Professionals
Allied Health Professionals, the leading contract staffing company for physical, occupational and speech therapists, was acquired by a private investor.
Allied Health Professionals specializes in placing PTs, OTs, and SLPs on a contract basis with school districts throughout the metro Chicago area and northern Illinois. Founded by speech language pathologist, Barb Miller, Allied Health Professionals is the largest specialized allied healthcare staffing company of its kind in the Midwest.
Rich Jackim, a partner at Jackim Woods & Co., represented Allied Health Professionals and arranged the transaction.
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