CAPPS - Avocacy and Communication Professional Development

California Association of Private Postsecondary Schools

British Nonprofit College Buys American For-Profit

02/27/2013

INSIDE HIGHER ED.  FEBRUARY 27, 2013.  Regent's College, a nonprofit British institution, has purchased for-profit American Intercontinental University London from the latter's owner, Career Education Corporation, Times Higher Education reported. The purchase is the first of its kind in Britain. Regent's will run American Intercontinental as a for-profit subsidiary initially but plans to subsume it within Regent's within a year.