August 10, 2001

A Wave of Consolidation Hits For-Profit Higher Education

By ANNE MARIE BORREGO

Small companies can't compete while larger operations seek new markets

Heads turned in the world of for-profit colleges last month when the Education Management Corporation, which operates a chain of 22 art schools, announced that it would pay $78-million for the Argosy Education Group, which has 14 Argosy University campuses and two law schools around the country.

With much less notice, but perhaps just as much impact, consolidation on a smaller scale is sweeping the growing

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