Healthcare
Sector | Healthcare |
Sub-sector | Education |
Location | United States |
Operating across 14 campuses, Unitek has one of the largest nursing footprints in the Western United States and is recognized as one of the fastest-growing educational institutions. To support its continued growth, Unitek was seeking additional investment and a partner with capital resources, healthcare expertise and a proven track record in the education sector.
Macquarie Capital was able to structure a highly competitive and targeted sale process, focused on investors with proven success in Title IV education and healthcare. The transaction delivered a successful outcome for shareholders by focusing prospective investors on Unitek’s robust enrolment pipeline and industry-leading student outcomes. Macquarie was also able to navigate evolving federal and state regulatory landscapes to complete the transaction during a presidential election year.
The Vistria Group is an active investor within the education sector, including previous investments in Penn Foster, Catapult Learning and Higher Education.
Outcome
This transaction comes at a critical time in the US as nursing and medical professionals work tirelessly at the forefront of the COVID crisis. With support from Vistria and Macquarie Capital, Unitek is well-positioned to enhance its capabilities, technologies and learning opportunities for students, ensuring nursing professionals across the US are better-equipped and prepared to protect the health and safety of our communities.
“Advising Unitek has proven to be a truly rewarding experience. At a time when healthcare professionals are needed more than ever in the United States and around the world, we are proud to have partnered with a mission-driven organisation like Unitek. Bringing both Macquarie’s advisory and principal finance capabilities to bear has delivered a successful outcome for all stakeholders, and most importantly has positioned Unitek to continue to deliver highly qualified nurses to the US healthcare system.”
Chris O’Keeffe, Macquarie Capital Services
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