Career Step LLC, backed by private equity firm Revelstoke Capital Partners, has acquired Panacea Healthcare Solution, a technology-enabled consultant for the healthcare industry. The deal includes the target’s revenue capture, and coding and documentation businesses, which combine data analytics with data collected by Panacea’s consultants. Panacea was founded in 2007 as a provider of coding, financial, technology and compliance advice to healthcare providers across the U.S. Career Step and Panacea have worked togehter in partnership for the past two years. The target is headquartered in St. Paul, Minnesota with additional offices in New Jersey, Florida and Arizona. Career Step is a Lehi, Utah-based provider of online education and professional training programs for the healthcare sector. The buyer offers job-specific training for learners and corporate employees to gain career skills necessary to advance in the workplace. Career Step has more than 150 partnerships with universities and healthcare employers nationwide. The acquisition of Panacea, according to the buyer, will augment Career Step’s Professional Training division by enabling faster development and production of the company's educational products. Revelstoke is a Denver, Colorado-based private equity firm specializing in the health care and business service industries. The middle-market PE firm, which launched in 2013, commits between $10 million and $250 million per transaction. Revelstoke has completed 30 acquisitions since its inception, including at least eight platform investments and 18 add-on purchases. Other deals involving education services and training programs include: Apollo Education Group Inc.’s (Nasdaq: APOL) acquisition of German education services provider Career Partner GmbH for nearly $117 million in cash; the Carlyle Group LP (Nasdaq: CG) and Vinci Capital Gestora de Recursos Ltda.’s combined purchase of Kroton Educacional SA; Riverside Co.’s add-on acquisition of Training Factor for real estate education group Grace Hill; and TPG Capital and Leonard Green & Partners’ acquisition of educational software provider Ellucian Co. The Panacea transaction closed on Feb. 1, 2017 and Hogan Lovells US LLP served as legal counsel to Career Step.