Lafayette Square provided incremental debt financing to support the growth of Med Learning Group ("MLG"). Backed by healthcare-focused private equity firm DW Healthcare Partners, MLG is a full-service, tech-enabled continuing medical education (CME) company focusing on developing, implementing, and measuring online and in-person continuing education that improves healthcare practitioners' ability to provide optimal patient care.
With an accreditation from the Accreditation Council for Continuing Medical Education (ACCME), MLG provides CME courses for a wide range of physicians, nurses, pharmacists, and other medical practitioners.
"We're pleased to provide capital to Med Learning Group and DW Healthcare Partners as they work to expand this important business," said Blair Badham, Managing Director at Lafayette Square. "Continuing medical education is a rapidly evolving field, especially following the pandemic, and varying state requirements and a multitude of medical specialties make this a dynamic middle market investment environment."
"The Lafayette Square team has been a great fit for us as we continue to implement our growth plans for Med Learning Group," said Cam McDavid, Vice President at DW Healthcare Partners, the lead sponsor on the deal. "Their ability to provide flexible capital as we invest in lower middle market, highly specialized businesses sets them apart from other lenders in this space."
In addition to financing, Lafayette Square offers its portfolio companies access to Worker Solutions, a custom-built platform that seeks to measurably improve employee retention, well-being, and productivity by connecting management teams to a curated list of third-party service providers that offer nontraditional benefits for their employees. By delivering these solutions, Lafayette Square aims to reduce operational risk for its portfolio companies, help them attract and retain talent, and improve job quality.
"Lafayette Square has been a fantastic partner for us as we augment our program offerings and reach a larger set of medical professionals," said Matt Frese, President of MLG.