Former Kaplan Chief's Firm Buys the Online-Course Company Learning House

Former Kaplan Chief's Firm Buys Online-Course Company 1

Matthew Staver, Bloomberg via Getty Images

Jonathan Grayer, a former chief executive of Kaplan Inc., has made his first move into higher education since stepping down three years ago.

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close Former Kaplan Chief's Firm Buys Online-Course Company 1

Matthew Staver, Bloomberg via Getty Images

Jonathan Grayer, a former chief executive of Kaplan Inc., has made his first move into higher education since stepping down three years ago.

An investment firm run by Jonathan Grayer, a former chief executive of Kaplan Inc., will announce on Monday that it has bought Learning House, which works with nonprofit colleges to develop online degree programs.

The acquisition is Mr. Grayer's first move into higher education since he stepped down at Kaplan three years ago. At Kaplan, he helped turn a small test-preparation company into a

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