Avista Capital Partners Acquires Spear Education
Avista Capital Partners announced its acquisition of Spear Education, a tech-enabled provider of training and more for the dental market.
Avista Capital Partners (‘Avista’), a prominent private equity firm that focuses exclusively on healthcare, has announced the acquisition of Spear Education. Spear Education is a tech-enabled provider for digital and in-person clinical education, practice analytics, and consulting services for the dental market. Spear, based in Scottsdale, AZ is the industry's most trusted provider of dental education. Spear provides unmatched content, including 5,000+ videos on-demand, 300+ workshops per year, and 100+ study group modules. Sriram Venkatraman (Avista Partner) stated that Spear is a compelling investment opportunity due to its industry leadership, demonstrated growth potential, and diversified business model. Kaleim Manji is the CEO of Spear Education. He stated that Spear Education has experienced strong growth in recent years with increased membership and expansion of digital content. With an industry that is growing rapidly, we are well-positioned to take advantage of the enormous opportunities. Steve Schiess is an Avista strategic executive who has over 30 years experience in dentistry. He was most recently the CEO of Zest Dental Solutions. Zest Dental Solutions was an Avista portfolio company. Spear's training and education courses allow dentists to acquire new skills which will help them retain procedures in-house. This, in turn, provides a high return on their Spear investment. Wilkie Farr and Gallagher LLP was Avista's legal advisor. William Blair was Avista's financial advisor. Spear Education is the leading source of continuing education in dentistry. Avista partners only with companies that have strong management teams, steady cash flows, and strong growth prospects. Avista invests in medical devices, pharmaceuticals and outsourced pharmaceutical services, as well as healthcare technology, distribution and diagnostics, consumer healthcare, and healthcare technology sectors. Visit URL for more information. FEATURED IMAGE CREDIT: Pete Linforth, Pixabay.