SANTA ANA, Calif., Jan 05, 2010 /PRNewswire-FirstCall via COMTEX/ -- Corinthian Colleges, Inc. (Nasdaq: COCO) has completed the acquisition of Heald Capital LLC, the parent company of Heald College. Heald is a regionally accredited institution that has been delivering quality, career-focused academic programs since 1863. Heald prepares students for careers in healthcare, business, legal, information technology and other growing fields, primarily through associate degree programs. Headquartered in San Francisco, California, Heald operates 11 campuses and had approximately 12,900 students as of December 31, 2009.
"We are pleased to welcome Heald and its capable management team, instructors and staff to Corinthian," said Peter Waller, Corinthian's chief executive officer. "Both Heald and Corinthian share a common commitment to student success through quality, career-oriented education. Heald brings Corinthian an increased presence in Northern California, Oregon and Hawaii, a growth platform for campus-based and online regionally accredited programs, and a third strong brand."
You're living in the past. This doesn't matter any more, because entities looking to acquire COCO assets are more fearful than ever about the liabilities attached. The assets are going to go for a fire sale price, now. They are tarred and feathered, and buyers are FEARFUL. Unless COCO settles a ton of legal cases pronto, which seems highly unlikely.