Legacy Education Announces Formation of Advisory Board to Support Strategic Growth and Industry Expansion
Rhea-AI Summary
Legacy Education (NYSE American: LGCY), a leading for-profit nursing and allied health education provider, has established an Advisory Board to guide its strategic expansion and growth initiatives. The board will focus on mergers and acquisitions, clinical site expansion, strategic partnerships, and industry engagement.
The Advisory Board comprises three distinguished members with extensive experience:
- Robert deRose - Board Member of Sharp HealthCare Foundation, bringing 50+ years of financial industry expertise
- Tim Lehmann - VP of Student Financial Services at Southern New Hampshire University, with 40+ years in higher education
- Mike Murphy - Chairman of Providence Healthcare, former President and CEO of Sharp HealthCare with 40+ years in healthcare delivery
CEO LeeAnn Rohmann emphasized that these leaders will provide valuable insights for scaling operations, innovation, and serving student needs.
Positive
- Formation of high-profile Advisory Board with experienced leaders from healthcare and education sectors
- Strategic expansion plans for national footprint indicating growth potential
- Advisory Board includes executives with Fortune 500, NYSE, and Nasdaq experience
- Board members bring 40+ years of industry experience each in healthcare and education
Negative
- No specific financial metrics or growth targets provided
- Expansion plans may require significant capital investment
- Heavy reliance on advisory members from traditional education model while company focuses on nursing education
The Advisory Board will play a key role in advising Legacy's leadership team on mergers and acquisitions, clinical site expansion, strategic partnerships, and industry engagement. In addition, the Advisory Board will support initiatives related to public policy, institutional advancement, and long-term student success.
"The formation of our Advisory Board marks an exciting step forward in Legacy's growth journey," said LeeAnn Rohmann, CEO and Chairman of the Board. "These distinguished leaders bring decades of experience in healthcare, education, finance, and operational excellence. Their insights will be invaluable as we continue to scale, innovate, and serve the evolving needs of our students and the communities we impact."
Advisory Board Members:
Robert deRose
Board Member, Sharp HealthCare Foundation
50+ years experience in the financial industry, with 32+ years in the education sector. Spearheaded multiple company sales to Fortune 500 companies. Served on the boards of privately held, NYSE and Nasdaq companies including Sharp HealthCare Foundation.
Tim Lehmann
VP, Student Financial Services,
40+ years experience in higher education in all sectors focusing primarily on distance education and financing. He has built a reputation as a thought leader in the area of technology and customer experience to help colleges and universities achieve optimization goals.
Mike Murphy
Chairman of the Board, Providence Healthcare
40+ years extensive experience in integrated healthcare delivery in multiple facilities, including Sharp HealthCare, a Malcolm Baldrige Awarded institution, and retired after 22 years as President and CEO. Current Board member of Jack in the Box and former partner of Deloitte.
ABOUT LEGACY EDUCATION
Legacy Education (NYSE: LGCY) is an award-winning, nationally accredited, for-profit post-secondary education company founded in 2009. Legacy Education provides career-focused education primarily in the healthcare field, with certificates and degrees for nursing, medical technicians, dental assisting, business administrative, and several others. The company offers a wide range of educational programs and services to help students achieve their professional goals. Legacy Education's focus is on providing high-quality education that is accessible and affordable. Legacy Education is committed to growing it's education footprint via organic enrollment growth, addition of new programs and accretive acquisitions. For more information, please visit www.legacyed.com or on LinkedIn @legacy-education-inc.
FORWARD-LOOKING STATEMENTS
Statements in this press release about future expectations, plans, and prospects, as well as any other statements regarding matters that are not historical facts, may constitute "forward-looking statements." The words "anticipate," "believe," "continue," "could," "estimate," "expect," "intend," "may," "plan," "potential," "predict," "project," "should," "target," "will," "would" and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. The forward-looking statements contained in this press release are based on management's current expectations and are subject to substantial risks, uncertainty and changes in circumstances. Actual results may differ materially from those indicated by these forward-looking statements as a result of various important factors, including, without limitation, market conditions and the factors described in the section entitled "Risk Factors" in Legacy's most recent Annual Report on Form 10-K and Legacy's other filings made with the
Contact Legacy Education Inc.
Investor Relations
ir@legacyed.com
Amato and Partners, LLC
Investors Relations Counsel
admin@amatoandpartners.com
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SOURCE Legacy Education Inc.
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