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As reported by Inside Higher Ed, the transaction trend among publicly traded for-profit universities continued this week, with news that the parent companies of Strayer University and Capella University plan to merge. The two for-profits, which are among the industry’s most respected and successful, will continue to operate as independent institutions under the combined company, which will be renamed Strategic Education Inc.
The U.S. Department of Education, regional accreditors and some state agencies will need to sign off on the deal for it to be approved.
The two institutions enroll roughly 80,000 students; they offer nearly 135 degree and certificate programs, with students in all 50 states and in more than 80 other countries. The proposed new company currently is worth about $1.9 billion. While the two for-profits are on relatively firm ground, their leaders said Monday that the merger will create several advantages that should pay off in the long run.
To read more about the proposed merger, click here.
