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DW Healthcare Partners and BB&T Capital Partners Invest in Career Step, LLC

Investors bring new management, experience, and capital to accelerate growth in the company

SPRINGVILLE, Utah, March 4 /PRNewswire/ -- Career Step, LLC ("Career Step"), a leading provider of online vocational training for the healthcare industry, today announced the completion of a $22 million equity investment from DW Healthcare Partners II, LP ("DWHP") and BB&T Capital Partners II, LLC ("BBTCP").

"DWHP and BBTCP are exactly what we have been looking for in a partner," said Andrea L. Anaya, the Founder of Career Step. "I and my entire executive team are very excited for what this relationship will mean to Career Step, our employees, and our students." Following the transaction, Ms. Anaya will continue to be a minority owner in the company.

Joining Career Step as CEO and COO, respectively, will be Michael S. Wilstead and Mark N. Thomas. Both gentlemen have worked with DWHP through its Executive in Residence Program since January 2008. Previously, Messrs. Wilstead and Thomas led InteliStaf Healthcare, one of the largest healthcare staffing companies in the United States. Mr. Wilstead said, "High-quality, competency-based education and training is exactly what people need in these trying economic times. We look forward to delivering the company's proven programs to more and more people."

Justin R. Pettit, Principal at DWHP, said, "Career Step's unique education and training platform has enabled its graduates to achieve a very high job placement rate in their chosen fields. We will seek to build on this impressive track record by expanding the company's online programs to additional vocational training areas within the healthcare industry."

About Career Step

Career Step is the nation's leading provider of online medical transcription, coding, and billing education and training. Career Step enjoys a tremendous market advantage in the healthcare industry

SOURCE DW Healthcare Partners
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