Ultimate Medical Academy Returns to Nonprofit Status
TAMPA, Fla. March 11, 2015 – Ultimate Medical Academy (UMA), a nationally accredited, private institution focused on providing dynamic healthcare education, and Clinical and Patient Educators Association (CPEA), a nonprofit organization that develops innovative education for healthcare practitioners and patients, are pleased to announce a transaction returning UMA to 501(c)(3) nonprofit status on March 9, 2015.
“This announcement marks an exciting time for us. This event represents a return to UMA’s roots, and we believe CPEA is an excellent partner for this transition,” said Steven Kemler, UMA chief executive officer. “UMA has been and will continue to be consistent in our commitment to providing relevant and competitive educational and career opportunities for our students.”
In order to purchase UMA, CPEA formed a new subsidiary and its independent board of directors will govern UMA moving forward. It is important to note that this transaction was structured purposefully to preserve the UMA organization and operations in the best interest of its students, with no adverse effects to UMA’s leadership, faculty and staff, student programs or services.
The transaction and the resulting conversion from for-profit back to nonprofit status conform to all appropriate regulatory and accreditation requirements, including those set forth by the United States Department of Education.
“We are committed to furthering an educational and institutional legacy that puts students’ needs first,” said Theodore Polin, CPEA executive director. “CPEA looks forward to continuing to expand UMA’s wide-ranging portfolio of healthcare degrees and diploma programs, concentrating on the curricula, skills and certifications essential to meet the growing demand for qualified healthcare professionals. We are thrilled to be working so closely with UMA’s students and outstanding management and staff.”
A 501(c)(3) organization founded in 2010, CPEA develops quality, innovative education for healthcare practitioners and the patient communities they serve. CPEA identified a need for designing education aimed at addressing practice gaps among primary and specialty care practitioners and healthcare information knowledge gaps within their respective patient populations. CPEA has expanded its healthcare educational offerings through the acquisition of UMA. For more information on CPEA, please visit www.cpea-assn.org.