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An ESOP Company Perspective
Is an ESOP Right for You?
Our Founders:
Dick and JoAnn Luebke
Pima Medical Institute is a
private, post secondary
school…family and employee
owned
“Our mission is to improve the
quality of people’s lives by
providing the best value in
medical career education.”
Founded in Tucson in 1972
It all began with four students, one instructor
and one classroom
Our wide range of Certificate
Programs include:
Dental Assistant
Pharmacy Technician
Phlebotomy Assistant
Medical Administrative Assistant Veterinary Assistant Medical Assistant
Our wide range of Degree
Programs include:
Veterinary Technician
Radiography Respiratory Therapy
Nursing Physical Therapist Assistant
Our focus is …. STUDENTS!
COMPANY HISTORY
1972
1982 1984 1986 1989 2002 2004
1983 1985 1988 1998 2003 2005
PMI receives
national
accreditation
from ABHES and
receives Title IV
approval
Richard Luebke,
Sr. founds PMI
with the opening
of the Tucson
campus
Richard Luebke Jr.
joins PMI
Mark Luebke
joins PMI
Albuquerque
campus opened
Mesa
Campus opened
Denver
campus
opened
Seattle
campus opened
Chula Vista
campus opened
Colorado Springs
campus opened
ESOP
established
Las Vegas
campus opened
Renton campus
opened
Albuquerque
West campus
opened
2008 2010
2006 2009
East Valley
campus opened
Houston campus
opened through
partnership with
Memorial
Hermann
Hospital
Aurora campus
opened
Online
platform
launched
Dillon campus
opened
2015
2017
San Marcos
campus opened
2014
El Paso and Phoenix
Campuses opened
San Antonio
campus
opened
2019
ESOP in 2002
After 30 years, our Founders were ready to start the
next chapter of life
Sold 30% of their shares to create an ESOP
Short-term five year loan of $3.5-MM
Several transactions since 2002
2015 transaction / over 50% / elected Sub S-corp
ESOP is now at 61% - family trust has 39%
Biggest challenge: governed by the Department of
Education
Composite score: three (3) financial ratios
ESOP SHARE PRICE
GROWTH
ESOP COMMUNICATION
ESOP Champions at every campus and corporate offices
El ESOP Tour – annual visit to every location CEO/VP
ESOP Summit – gathering of all ESOP Champions
ESOP Newsletters
ESOPtober – theme from El Tour
Building/Growing an Employee Ownership Culture
OUR ESOP PARTNERS
THIRD PARTY ADMINISTRATOR
APPRAISER
TRUSTEE
INVESTMENT MANAGERS FOR THE ESOP TRUST
ESOP ECONOMICS
CERTIFIED EO
CONFERENCES / SEMINARS
LOCAL NETWORK
FRONT
RECEPTION
and
ADMISSIONS
FINANCIAL
AIDREGISTRAR
FACULTY
FACULTY
COORDINATOR
and
PROGRAM
DIRECTOR
STUDENT
SERVICES
CAREER
SERVICES
CORP/CAMPUS
DIRECTORSC.E.O.
GRADUATES & ALUMNI
SUCCESS STORIES
Q & A
Liby Lentz
Vice President
Human Resources Director
Pima Medical Institute
Mariah Soland
Human Resources Coordinator
Pima Medical Institute
