Wolters Kluwer Health has signed and completed an agreement to acquire NurseTim, a US-based provider of nursing education solutions.
NurseTim will become part of Wolters Kluwer’s Health Learning, Research & Practice (HLRP) business, which includes nursing education and practice solutions that help ensure students are ready for practice and nurses are prepared to deliver better patient care and outcomes.
NurseTim’s NurseThink provides a set of test preparation tools for faculty and students to prepare candidates for the Next Generation National Council Licensure Examination (NCLEX) in the US. In addition, the company provides hands-on nurse faculty training through conferences and webinars.
NurseTim, founded in 2008, is based in Minneapolis MN, and employs 48 professionals. Wolters Kluwer expects the investment to deliver a return on invested capital (ROIC) above its weighted average cost of capital (8%) within 3-5 years and expects the transaction to have an immaterial impact on adjusted earnings.
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