February 13, 2004

Recent Developments in For-Profit Higher Education

• In November, Sylvan Learning Systems announced plans to buy the Interamericana University, with campuses in Costa Rica and Panama, for an undisclosed price. The university enrolled about 5,900 students in 2002.
  

• The Board of Directors of Education Management Corporation in November authorized a 2-for-1 split of its common stock, which took place in December. The stock last split five years ago, and since then the share price has nearly