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Colibri Group Announces Strategic Acquisition of TRC Healthcare

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ST. LOUIS ~ Colibri Group, a professional education company, has announced the acquisition of TRC Healthcare. This move will add leading capabilities for Pharmacists, Nurses, Physicians and other healthcare practitioners to Colibri Group's portfolio of professional education services.

Renee Altier, President of Healthcare at Colibri Group, said: "This expansion of our capabilities continues to serve our mission of leading professionals to achieve more and thrive in their careers. At the same time, it enables us to deepen our solutions for healthcare clinicians, leaders, and institutions."

TRC Healthcare offers a market-leading pharmacy product suite and diversified continuing education offering. It serves over 1 million clinicians, 3,500 hospitals and a vast network of pharmacies across its portfolio of 10 brands. TRC offers Pre-Licensure/Test Prep for Pharmacy Technicians; CE, Advanced Training and Clinical / Regulatory References for Pharmacy Technicians, Pharmacists and Other Clinicians. Under the NetCE brand TRC offers continuing education for nurses, physicians, dentists among other healthcare professionals with a library of 425 courses. The QURE brand provides simulation-based practice improvement solutions for Payor/Provider and Life Sciences clients.

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Wes Crews, CEO of TRC Healthcare said: "We're thrilled to become part of Colibri Group. Both companies have a long history of empowering professionals with the tools and knowledge they need to succeed. With our combined expertise in healthcare and the shared strategic vision of our companies, we are poised to make a notable impact in the market and offer enhanced solutions to our clients."

Jeff James CEO of Colibri Group added: "TRC is a fantastic business that will accelerate our focus around becoming the most admired professional learning company in the world. Wes Crews and the world-class team at TRC will contribute significantly to achieving this vision."

Houlihan Lokey served as Colibri's financial advisor while Robert W Baird & Co served as financial advisor for TRC Healthcare with Morgan Stanley & Co LLC as lead financial advisor supported by William Blair & Company LLC and Deloitte Corporate Finance LLC while Finn Dixon & Herling LLP served as legal counsel for Colibri Group while Kirkland & Ellis LLP served as legal counsel in connection with the sale for TRC Healthcare.

Colibri Group is backed by Gridiron Capital LLC ("Gridiron Capital"), a leading investment firm focused on partnering with founders entrepreneurs and management teams while TRC Healthcare is owned by private equity firm Genstar Capital LLC since 2017 when it was acquired from HealthStream Inc (NASDAQ: HSTM).
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