Clinical Education Alliance Announces Strategic Investment by The Riverside Company
December 11, 2020
Clinical Education Alliance which includes the premier educational brands of Clinical Care Options, Practicing Clinicians Exchange, ProCE, and Global Medical Education, announced today that The Riverside Company has agreed to acquire a majority interest in CEA from Renovus Capital Partners. Renovus will remain a minority investor and continue to support the growth and mission of CEA.
Cain Brothers, a division of KeyBanc Capital Markets, served as the exclusive sell-side advisor to CEA, highlighting Cain Brothers’ deep domain expertise and strong relationships in the pharma services sector.
CEA develops learning materials delivered through in-person or virtual events developed by on-staff scientific experts. The Virginia-based company is a global leader in the development of innovative virtual and live continuing medical education. CEA’s CME content allows healthcare practitioners to learn and discover novel treatments and updates in medical science, all with the goal of helping better treat patients, and to stay compliant with various regulatory requirements.
Renovus Capital Partners, founded in 2010, is a private equity firm specializing in the Knowledge and Talent industries. Renovus, from its base in the Philadelphia area, manages $600 million across several investment vehicles. The firm’s current portfolio includes over twenty U.S. based businesses in the education, training, IT services and B2B healthcare services markets
The Riverside Company is a global private equity firm focused on investing in growing businesses valued at up to $400 million. Since its founding in 1988, Riverside has made more than 650 investments. The firm’s international private equity and structured capital portfolios include more than 110 companies.