Nov 15, 2021

Capstone Partners Advised Rosh Review on its Sale to Blueprint Education, A Portfolio Company of New Harbor

Capstone Partners advised Rosh Review, a provider of online board exam preparation and continuing medical education solutions, on its sale to Blueprint Education, a portfolio company of New Harbor Capital.

Founded in 2011, Rosh Review is a leading medical education technology company that provides educational content and high-tech assessment and analytics to train the next generation of medical professionals. Rosh provides its solutions through a subscription-based, fully digital, web-enabled platform delivered directly to individual learners and top academic institutions. The company currently serves more than 250,000 individuals at 740 institutions nationwide.

Acquisitions tend to be highly stressful. In our case, having Capstone by our side made the journey quite enjoyable. There was no stress. Capstone had command. And what made all the difference, was the people on the team. Each individual played a key role and together they exceeded our wildest expectations. I am forever grateful.

Adam RoshCEO, Rosh Review

The acquisition represents a meaningful advancement of Blueprint’s ongoing mission to provide best-in-class educational solutions for learners throughout their professional journey, from admissions preparation through licensing and certification, and into ongoing continuing education.

“Our vision is to stand by the side of learners throughout their journey, from the day they think about a health professions career to their last day of clinical practice. We are one step closer to making that a reality,” commented Adam Rosh, M.D., CEO of Rosh Review. “I look forward to continuing to innovate to support learners in this exciting new chapter of Rosh’s amazing growth.”

Mike Sanders, COO of Rosh Review, added “Our leadership team includes practicing clinician who have a privileged understanding of the human condition which guides all decision. We had an obligation to our learners and team to find a partner to continue to build out our vision for medical education—and shared the same values. We wanted someone to represent us that shared our values, understood the EdTech industry, provided senior level attention, and worked with integrity.”

Jacob Voorhees, Head of M&A and Capstone’s Education & Training Practice, stated, “The combination of these two businesses will result in benefiting the patients through an advanced education platform that will lead to improved medical outcomes. Bringing this level of quality education from the day a student decides they want to pursue a medical career through medical test preparation and continuing this level of quality throughout the medical journey will provide a substantial public good.”

The Capstone team went beyond expectations in all categories. If you simply want to close a transaction, choose any firm. If you want to position your company to realize its fullest potential, work with the Capstone team.

Mike SandersCOO, Rosh Review

“We are extremely excited to partner with Rosh Review,” said Matt Riley, Founder and CEO of Blueprint. “This partnership represents the next evolution in medical education. We believe that together we can unlock even more potential for our students and empower more learners on the path to becoming medical professionals.”

Founded in 2005, Blueprint is the premier high-stakes test prep provider in the U.S., offering live and self-paced online courses, private tutoring, self-study materials, and application consulting services for pre-law, pre-med, and medical school students. Blueprint leverages a unique approach that combines engaging video lectures, unparalleled expertise in content creation, the latest adaptive learning technology, and personalized study planning tools. Blueprint has produced unrivaled results, including industry-leading score increases for its pre-law and pre-med students taking the LSAT and MCAT.

New Harbor Capital is an experienced, lower middle-market private equity firm that seeks to partner with growth-minded, founder-owned companies. They believe education is essential to personal well-being and long-term economic prosperity, and sits at the center of innovation and progress across a variety of industries. But today’s educators face countless challenges, including increased accountability, affordability, adaptability and access. New Harbor Capital invests across the education landscape, from K-12 to post-secondary education, to skills gap and corporate training. They actively look for opportunities to innovate and lead in ways that better serve leaders — and create sustainable competitive advantages.