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Enabling the healthcare workforce in the US

Macquarie Capital acted as exclusive sell-side advisor to Orbis on its sale to Grand Canyon Education, Inc., addressing a shortage in licensed healthcare professionals in the US.

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Sector Healthcare
Sub-sector Technology
Location United States


Founded in 2003, Orbis Education Services, LLC builds strategic partnerships with academic institutions and healthcare systems.

Including 17 regionally accredited universities across the United States, to deliver high-quality, clinically-intensive nursing, occupational therapy and other healthcare education programs to help address the shortage of skilled healthcare providers in the U.S.

In 2018, Orbis was seeking additional investment in its fast-growing business and a partner with capital resources and cultural compatibility.


Macquarie Capital acted as the exclusive sell-side advisor to Orbis on its sale to Grand Canyon Education, Inc. for $US362.5 million in cash.

Grand Canyon Education, Inc. is a leading provider of admissions, marketing and curriculum services to accredited postsecondary graduate and undergraduate degree programs in the education, healthcare, business and liberal arts disciplines.

Macquarie Capital’s unique dual-track process including buyout and pre-IPO recap provided shareholders significant optionality and maximised competitiveness. We also drove value for shareholders by focusing prospective investors on the growth trajectory of Orbis and its steady-state profitability.


Orbis entered into a definitive business combination agreement with Grand Canyon Education, Inc.

Under the terms of the transaction, GCE acquired all the outstanding stock of Orbis in cash, and all Orbis academic and healthcare partnerships remain in place. Orbis continues to successfully operate its business from Carmel, Indiana and will begin operations from new locations in the future.

The acquisition of Orbis has diversified Grand Canyon's client base while providing Orbis with behind-the-scenes support, technology and additional capital from one of the nation's largest education services providers, to better address a nationwide shortage in licensed healthcare professionals.

“Advising Orbis was a unique and rewarding experience – as a result of our long-term engagement, our relationship expanded from a traditional advisory role to that of a strategic partner. This helped the team unlock an important opportunity to scale their business, which sits at the nexus of healthcare, EdTech and software.”

Raghu Velamati – Senior Managing Director, Macquarie Capital

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