Concorde Career Colleges operates 12 campuses in seven states and offers training/education in the health fields.
Liberty Partners, a private equity firm in NY has purchased them for $114.5 million.
Concorde is now a sister school to New York Technical Institute, another school in PA, Edison Schools, which manages public schools and Chartwell Education Group, a consulting group.
Concorde was the 11th of publicy traded education related companies. Now, there are 10.
Earlier this year Pittsburg based Education Management was bought by Providence Equity Partners and Goldman Sachs Capital Partners.
The buzz now is whether other fopros will be absorbed or combined or whether other publicy traded companies will take an interest in private schools.
The other 10 companies that are traded on the three major stock exchanges are:
1. Apollo Group
2. Career Education Corporation
3. Corinthian Colleges
4. DeVry,
5. EVCI Career Colleges
6. ITT Educational Services
7. Laureate Education
8. Lincoln Educational Services
9. Strayer Education
10. Universal Technical Institute.
Who do you think is next?
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