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Date: February 12th, 2008
Author: Career College News
Investors Learn Value Of For-Profit Colleges
(The Tampa Tribune)
Things may look bleak for Florida’s public university system, where schools are slashing budgets and laying off workers because of a tight state budget.
But for some schools in the for-profit college industry, money is flowing.
Investors with big pools of cash, such as private equity firms, have pumped millions of dollars into the industry in the past few years, and some of that cash has been used to snap up small Florida colleges and expand their programs. The moves mirror a national trend: private equity firms are spending billions to buy for-profit career colleges so they can build enrollments and then potentially spin them off for big profits. Read full story.
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