November 9, 2007
Touro Reaps $190-Million in Sale of Online Unit
Touro College completed the sale of its separately accredited online division last week, for the previously undisclosed price of $190-million.
The sum is about five times the value of Touro's endowment. The college plans to put most of the money into its endowment but will use some for the medical school it recently opened in New York City and some toward a medical school it is planning in New Jersey.
The deal for the online division, known as Touro International University, was
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