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APEX Anesthesia Review Acquired by TrueLearn

APEX Anesthesia Review Acquired by TrueLearn

Navagant’s investment banking professionals advised APEX Anesthesia Review (“APEX”), a market leader in high-stakes exam preparation for Student Registered Nurse Anesthetists (“SRNAs”) and continuing education for Certified Registered Nurse Anesthetists (“CRNAs”), on its sale to TrueLearn, a portfolio company of LLR Partners.

Founded in 2012 and based in Richmond, VA, APEX Anesthesia is a leading provider of nurse anesthetist education, offering course curriculum support to 84%+ of SRNA training programs and continuing education to thousands of CRNAs annually. The company’s easy-to-digest, vast content library enables busy students and professionals to create memorable learning experiences that foster mastery of important concepts relevant to clinical practice. APEX Anesthesia delivers all content via a 100% digital, subscription-based online platform, which has been used by over 30,000 learners since inception.

Kevin Baker, Co-Founder & CEO, APEX

“By joining forces with TrueLearn, we will be able to bring additional capabilities to our learners and their institutions. TrueLearn’s expertise in analytics and proven track record of success was important for us as we look toward the next chapter for APEX. Both organizations are mission-driven and built around the service and unwavering advocacy of our students and their institutions, supporting a strong partnership.”

Shawn Keenan, Managing Director, Navagant

“APEX is the premier test preparation and continuing education provider for the nurse anesthetist community. TrueLearn was the ideal partner for APEX and will support their continued growth in nurse anesthesia and expansion into other specialties. SRNAs and CRNAs learning experience will be enhanced through increased analytics, improved content creation capabilities and more robust online platform features.”

Valuable Synergies & Long-Term Value Creation

APEX Anesthesia Review serves nurse anesthetists, a critical portion of the nation’s healthcare market. As healthcare costs continue to rise and access to care remains challenging for many people, CRNAs fulfill mission-critical leadership roles in anesthesia service, most notable in rural and medically underserved parts of the United States.

APEX’s combination with TrueLearn will allow the company to more meaningfully serve the education needs of this mission-critical segment of the healthcare market, ultimately leading to more capable clinicians and improved patient care.

APEX Anesthesia Review was founded by two CRNAs and is headquartered in Richmond, VA. APEX’s student course simplifies years of complex education and teaches it in an engaging and easy-to-understand way. Courses include CPC Core Module Bundle, Back to Basics, CRNA Updates, and All-Inclusive Bundle.

TrueLearn is a leading digital learning and analytics platform that focuses on training healthcare professionals in the areas of medicine, nursing, and therapy. TrueLearn is headquartered in Charlotte, NC.

LLR Partners is a private equity firm investing in education, healthcare, and technology businesses. Founded in 1999 and with more than $5 billion raised across six funds, LLR is a flexible provider of equity capital for growth, recapitalizations, and buyouts.

About Navagant

Navagant LLC is a middle-market investment bank focused exclusively on the Education & Training industry. We serve entrepreneurs, family businesses, large corporations, and financial sponsors seeking to optimize their transaction outcomes. Our sell-side advisory services include mergers and acquisitions, majority and minority recapitalizations, management buyouts, and corporate carve-outs. With a conscious-capital mission and a team of experienced professionals, Navagant delivers tailored solutions to help organizations unlock value and achieve life-changing outcomes. For more information, please visit


Jacob Voorhees
Managing Director, Navagant
Phone: (617) 216-1543