Exited Investment
R3 Education
Prairie Capital Fund IV
| Location | Gardner, MA |
| Transaction Type | Growth Buyout with Management |
| Investment Date | April 2007 |
| Exit Date | February 2020 |
| Buyer | Global University Systems |
| Business | Holding company which holds (i) the Saba University School of Medicine, Medical University of the Americas and St. Matthew’s University, three leading for-profit universities that award four-year graduate degrees in Doctors of Medicine with medical program curricula based on those of leading U.S.-based medical schools, (ii) St. Matthews School of Medicine and (iii) Sierra Education Inc., a student loan financing company. |
| Industry | Education |
Investment Rationale
- The imbalance between the U.S. supply of physicians and the demand for medical services created a tremendous market opportunity
- The Company was fully accredited by the Department of Education and was not dependent on Title IV Funding
- The Company’s 4-year programs provided for predictable, recurring revenue streams and had a leverageable infrastructure
Value Add
- Add-on Acquisitions