Med Learning Group Holdings, LLC Recapitalized With DW Healthcare Partners

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January 19, 2023

Southport Connecticut
Carter Morse & Goodrich ("CMG") is pleased to announce that it served as the exclusive financial advisor to a group of shareholders in Med Learning Group Holdings, LLC (“MLG” or the “Company”) in its sale to DW Healthcare Partners (“DWHP”), a healthcare-focused private equity firm. Terms of the transaction, which closed on December 30, 2022, were not disclosed.

MLG, previously a division of Ultimate Medical Academy, is an accredited, full-service continuing medical education (“CME”) company. MLG focuses on developing, implementing, and measuring online and in-person continuing education that improves healthcare practitioners’ ability to provide optimal care to patients. MLG works with leading pharmaceutical companies around the world to create engaging content using the latest trends in available technology and utilizes outcomes measurement and reporting.

“We could not have accomplished this without the team at CMG – their guidance over the past few years as we have been planning and preparing for this outcome has been invaluable.  CMG helped us explore options, provided expert advice, and gave us great confidence every step of the way.” said Matt Frese, President at MLG.  “We could not be more excited about this new partnership with DWHP.  Given their experience in accelerating growth, expertise in our industry and their enthusiasm for the platform will help us to deliver even more value to both doctors and patients.”

Ramsey Goodrich, Managing Partner at CMG, added “What initially began as a review of potential strategic options for the Company a few years ago has developed into a successful partnership between management and an outstanding private equity group. We are thrilled for the MLG team as they accelerate their growth, explore new markets and continue to expand their leadership in the CME industry.  We are truly honored to have been a trusted advisor through this complex transaction.”  

Other advisors on the transaction included Martin LLP as counsel to a group of shareholders and Venable LLP as counsel for MLG and UMA.  William Blair acted as financial advisor MLG and RSM provided accounting and tax advice.

About Carter Morse & Goodrich
Located in Southport, Connecticut, Carter Morse & Goodrich is a boutique M&A advisory firm that specializes in representing founder-led and family-held businesses valued between $20 million and $250 million. 

While CMG provides a full range of investment banking services, our primary focus is representing owners who are pursuing their once-in-a-lifetime M&A transactions. CMG specializes in advising leading companies in niche markets to plan, prepare, execute, and close successful transactions that maximize shareholder value. CMG fully understands and appreciates the unique dynamics of closely-held businesses and the importance of owner legacies.

For 35 years, the combination of our hands-on approach, senior banker attention, strategic guidance, seamless transaction execution and extensive network of domestic and international resources has enabled us to become a trusted advisor to hundreds of business owners.

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