In the latest purchase of a nonprofit college by a for-profit higher-education company, Bridgepoint Education announced on Wednesday that it had acquired the Colorado School of Professional Psychology and renamed the 150-student institution as the University of the Rockies. The new name is not to be confused with the College of the Rockies, a two-year institution in British Columbia. Terms of the deal were not disclosed.
In a similar deal two years ago, Bridgepoint Education bought the Franciscan University of the Prairies, a Roman Catholic institution in Iowa, changed its name to Ashford University, and made it a for-profit institution. —Andrew Mytelka
