Career Step Receives $22M

Career Step LLC, a provider of online vocational training for the health care industry, announced Wednesday that it has raised some $22 million in equity funding. The Springville, Utah-based business identified its investors as DW Healthcare Partners II LP and BB&T Capital Partners II LLC. In a related move, Career Step said two executives-in-residence from DW Healthcare Partners have been given management roles within Career Step. Specifically, the company noted, Michael S. Wilstead will serve as chief executive officer and Mark N. Thomas will be chief operating officer. Both have worked with DW Healthcare Partners' executive-in-residence program since January 2008, Career Step added, and both helped lead nationwide health care staffing firm InteliStaf Healthcare.