SCHAUMBURG, Ill.--(BUSINESS WIRE)--
Career Education Corporation (NASDAQ: CECO) today announced that it has
closed on an agreement transferring control of Missouri College, one of
its Career College institutions, to Weston Education Group, an education
operator providing career training for over 34 years with four distance
education schools as well as Heritage College and Heritage Institute.
Terms of the agreement were not disclosed.
Missouri College, located in Brentwood, Missouri, has been providing
career focused education to students since 1963, and has been part of
Career Education Corporation for 13 years. Weston Education Group
anticipates there will be no change to the name of the institution, and
current students and alumni should expect few to no changes in their
college experience or student services.
“We are pleased to have reached a mutually beneficial agreement with a
new owner that intends to invest in strengthening Missouri College’s
programs and protecting the long-term interests of its students and
faculty members,” said Todd Nelson, President and CEO of Career
Education Corporation. “Weston has extensive experience in the career
training field operating successful institutions focused on allied
health education, both online and on campus.”
This sale represents the continued progress against Career Education’s
strategy to exit its career schools business and focus its resources and
attention on its universities – Colorado Technical University (CTU) and
American InterContinental University (AIU) – where the company has
significant opportunities to continue to provide quality higher
education to the adult student market. The sale of Missouri College
represents Career Education’s second successful divestiture after the
sale of Brooks Institute in California earlier this year.
“No matter the ownership, the faculty and staff of Missouri College
remain committed to helping students achieve the education they desire
to enter into a new career field or enhance an existing career,” said
Karl Petersen, Campus President of Missouri College.
“Weston Education Group is proud to carry on the strong tradition of
Missouri College. The culture of Missouri College, combined with the
educational programs they offer, is a natural fit with the Weston school
group. We are strongly committed to the continued success of the
students and graduates of Missouri College,” remarked Eric Chiusolo,
Chief Executive Officer of Weston Education Group.
About Career Education Corporation
The colleges, institutes and universities that are part of the Career
Education Corporation (“CEC”) family of schools offer Career Education’s
academic institutions offer a high-quality education to a diverse
student population in a variety of disciplines through online, on-ground
and hybrid learning programs. Our two universities – American
InterContinental University (“AIU”) and Colorado Technical University
(“CTU”) – provide degree programs through the master’s or doctoral level
as well as associate and bachelor’s levels. Both universities
predominantly serve students online with career-focused degree programs
that meet the educational demands of today’s busy adults. AIU and CTU
continue to show innovation in higher education, advancing new
personalized learning technologies like their intellipath™ adaptive
learning platform that allow students to more efficiently move toward
earning a degree by receiving course credit for knowledge they can
already demonstrate. Career Education is committed to providing
high-quality education that closes the gap between learners who seek to
advance their careers and employers needing a qualified workforce.
A detailed listing of individual campus locations and web links to
Career Education’s colleges, institutes and universities can be found at www.careered.com.
About Missouri College
Established in 1963, Missouri
College offers career-focused education that provides students with
opportunities to enter a new career field or enhance an existing career
path. The school offers diploma, associate and bachelor’s programs in
allied health and recently reintroduced an associate degree in business.
As part of the change of ownership process, the school will request
continuation of its accreditation by the Accrediting
Council for Independent Colleges and Schools (ACICS). ACICS is a
national accrediting agency recognized by the United
States Department of Education. Missouri College cannot guarantee
employment or salary. Find employment rates, financial obligations and
other disclosures at www.missouricollege.edu/disclosures.
For more information about Missouri College and the school’s programs,
visit www.missouricollege.edu
or call (866) 410-0444.
About Weston Education Group
Weston Education Group (WEG) has been providing career training programs
to students for 34 years. WEG consists of 4 distance education schools
which offer a variety of certificate and degree programs. Additionally,
WEG includes Heritage College and Heritage Institute which operate 10
residential campuses in 8 states offering career training for
individuals interested in allied health professions.
View source version on businesswire.com: http://www.businesswire.com/news/home/20150901006752/en/
Career Education Corporation
Jeffrey Cooper
[email protected]
847-585-2600
Source: Career Education Corporation