For Immediate Release
Torie Pennington: (212) 850-5629
Financial Dynamics


$7 Million Series B Round to Fund Acquisition and Company's Continued Expansion

Hartford, Connecticut, [April 3, 2006] - CCP Equity Partners, ("CCP"), formerly Conning Capital Partners, a leading private equity firm providing growth capital to innovative healthcare services and financial services companies, announced today a $6.5 million investment in Prism Education Group as part of an $7.0 million Series B round of funding. CCP led the financing, which also included return investors HLM Venture Partners and Salix Ventures. Total investment in the company, including the Series B, is $16.25 million.

Based in Newton, MA, Prism is a post-secondary, career education company providing facility-based education and training programs for careers in allied health and business. Founded in 2004, Prism currently operates four schools, including one recently acquired with funds provided by this investment. This financing will also support further growth of the existing schools and development of new campuses.

"We are excited to join HLM and Salix as investors in Prism Education Group at this important point in Prism's development," said Diane M. Daych, Partner at CCP. "We believe that allied health education and training is a compelling way to address the chronic and widespread staffing shortages in healthcare and we look forward to working with Prism's exceptional management team as they execute their growth strategy." In connection with the transaction, Ms. Daych will join Prism's Board of Directors.

"We are excited about the addition of CCP as a value-added investor and the continued support from Salix and HLM to fuel the continued growth of our company. With the acquisition of an additional school, significant enrollment growth at our exiting campuses and planned expansion into nursing education, we are well positioned to be a leader in career education in our markets" said Steven W. Garfinkle, Chairman and Chief Executive of Prism. "The demand for focused technical education to address the healthcare labor shortage remains strong and it is really rewarding to see the value we provide to our students with education that can quickly make a difference in their lives."

About Prism Education Group, Inc.
Prism Education Group, Inc. is a post secondary career education company based in Newton, Massachusetts. The company current operates four schools which offer diploma and specialized associates level programs with an emphasis on allied health, nursing and specialized business education in the Northeastern U.S.

About CCP Equity Partners
CCP Equity Partners ("CCP"), formerly Conning Capital Partners, is a leading private equity firm providing growth capital to innovative financial services and healthcare services companies. In partnership with proven management teams, CCP shapes strategy by leveraging its operating skills, deep industry experience and extensive networks to drive value and accelerate growth. CCP currently manages more than $500 million and offers scalable financial solutions. For more information, go to