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Penn Foster company logo
Corporation
INTERNET | Internet Software & Services / Education & Training
pennfoster.edu

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Founded Year

1890

Stage

Unattributed | Alive

Revenue

$0000 

Mosaic Score

+30 points in the past 30 days

What is a Mosaic Score?
The Mosaic Score is an algorithm that measures the overall financial health and market potential of private companies.

About Penn Foster

Penn Foster College, Penn Foster Career School, and Penn Foster High School are part of Penn Foster, Inc., a provider of career-focused online learning. For more than 118 years, Penn Foster has been providing career-focused training programs in the fields of health care, business, technology, automotive technology, and select trades. Penn Foster High School serves more than 40,000 online students seeking individual courses or a complete diploma program.

Penn Foster Headquarter Location

925 Oak St.

Scranton, Pennsylvania, 18515,

United States

800-275-4410

Latest Penn Foster News

Revelstoke Completes Exit of Carrus

Dec 30, 2021

Revelstoke Completes Exit of Carrus DENVER, CO, October 13, 2021 – Revelstoke Capital Partners (“Revelstoke”), a Denver-based private equity firm, announced today that it has successfully exited its investment in Carrus (the “Company”) through the Company’s combination with Penn Foster. Carrus delivers quality, trusted healthcare learning content, continuing education, and certification management to new learners, healthcare professionals, and institutions through an integrated technology platform that provides a seamless healthcare learning experience. In 25+ years, Carrus, through its CareerStep and CareerCert divisions, has trained over 150,000 learners for new careers, partnered with more than 150 colleges and universities nationwide, and educated more than 100,000 healthcare professionals.” Misty Frost, CEO of Carrus, said, “The strategic healthcare expertise that Revelstoke brought to Carrus and its strong support of our growth initiatives was invaluable as we expanded our reach to become  one of the nation’s most trusted digital healthcare training and professional development providers. We are excited about the opportunity to join the Penn Foster family and continue building on a shared vision of empowering our learners through powerful education and training tools.” “Revelstoke’s mission to help build leading healthcare service and technology companies would not be possible without exceptional management teams,” said Russell Cassella, Managing Partner of Revelstoke. “Misty and the Carrus team have spurred tremendous growth for the Company through their strategic vision and in the face of ever-growing demand for training in the healthcare services sector. We are extremely proud of what Carrus has achieved and look forward to seeing the business continue to thrive through its new partnership with Penn Foster.” William Blair & Company, LLC and Winston & Strawn LLP acted as financial advisor and legal counsel, respectively, to Carrus. About Carrus Carrus delivers quality, trusted healthcare learning content, continuing education, and certification management to new learners, healthcare professionals, and institutions through an integrated technology platform that provides a seamless healthcare learning experience. In 25+ years, Carrus, through its CareerStep and CareerCert divisions, has trained over 150,000 learners for new careers, partnered with more than 150 colleges and universities nationwide, and educated more than 100,000 healthcare professionals.” About Revelstoke Capital Partners Revelstoke is a private equity firm formed by experienced investors who focus on building industry-leading companies in the healthcare and related health and wellness sectors. Revelstoke partners with entrepreneurs and management teams to execute on a disciplined organic and acquisition growth strategy as it strives to build exceptional companies. Revelstoke is based in Denver, Colorado and has approximately $3.8 billion of assets under management, which includes uncalled capital commitments made to Revelstoke-managed vehicles. Since the Firm’s inception in 2013, Revelstoke has completed 112 acquisitions, which include 21 platform companies and 91 add-on acquisitions.

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