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Capstone Partners Advises Academy of Healing Arts on its Acquisition by Milan Institute

January 2012

Boston, MA - Capstone Partners LLC, a leading national investment banking firm, announced that it has successfully advised the Academy of Healing Arts, a LaSalle Capital Group portfolio company, on its acquisition by Milan Institute, a multi-campus group of for-profit schools focusing on allied health and cosmetology education.  The terms of this transaction were not disclosed.
The Academy of Healing Arts has provided medical assisting and massage therapy education to thousands of students in the greater Las Vegas, Nevada area over the last five years.  Milan Institute President Gary Yasuda stated, “Milan Institute is excited to acquire Academy of Healing Arts with the blessing of the Nevada state agency, COE accrediting agency and the Department of Education. The Academy represents a leading position in a geographic area that Milan has always coveted.  Moreover, Milan looks forward to working with the community and local employers to continue to support the student body and enable them to have long-lasting successful careers.”  Andy Shackelford, Partner and CFO of LaSalle Capital Group added, “We are excited that the employees, faculty and students of the Academy of Healing Arts will get to thrive in a larger platform that will directly benefit those individuals seeking to further their careers in the greater Las Vegas area.”
The Capstone M&A team led by Jacob Voorhees (based in Boston, MA), stated,  “It’s not often when the addition of a school to a larger group can have an impact like the Academy will be able to provide to Milan.  Moreover, it’s rare to see a group of students and faculty benefit from being part of a larger institution focused on quality and improving student’s lives on a daily basis.  We expect the industry will begin to see several types of these win-win partnerships at an escalating pace over the next two years.”