January 16, 2009
Private-Equity Group Buys Northcentral U.
Another week, another transaction involving a for-profit online college.
The latest: A private-equity group is buying Northcentral University, an all-online institution founded in 1996 and now enrolling about 7,500 students, mostly in graduate-level degree programs.
The buyer is Rockbridge Growth Equity, of Detroit. Terms of the sale were not disclosed.
The sale of Northcentral, based in Prescott, Ariz., comes just days after another company that operates institutions
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