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.
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.
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.
Raghu Velamati – Senior Managing Director, Macquarie Capital