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DeVry to buy school operator

August 07, 2008|From Times Wire Services

DeVry Inc., the owner of for-profit technical schools, will buy U.S. Education, an operator of healthcare colleges, for $290 million from private equity firm ClearLight Partners.

U.S. Education owns Apollo College and Western Career College, which provide nursing and healthcare degrees to 8,700 students on 17 campuses, Newport Beach-based ClearLight said.

DeVry, which has more than 48,000 students, had revenue of $933.5 million in fiscal 2007. The Oakbrook Terrace, Ill.-based company operates DeVry University, Ross University and Chamberlain College of Nursing. DeVry also owns Advanced Academics, which provides online secondary education.

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