Another Day, Another For-Profit Higher-Education Deal: Corinthian to Buy Heald College

Corinthian Colleges Inc. announced today that it would pay $395-million to acquire the parent company of Heald College, which operates an 11-campus system of regionally accredited institutions on the West Coast offering mostly two-year programs. The deal comes one day after the test-prep company Princeton Review announced that it was buying the Penn Foster Education Group, a company that runs an online college and high school.