Our firm has been retained to sell a small, extremely well-run degree granting nursing school. The school is ACICS accredited and participates in the Title IV financial aid program.
Established Healthcare Programs– Including Registered Nursing, Licensed Practical Nursing, and Medical Office Assistant
Certificate & Degree Programs – Awards Associates degrees in Registered Nursing and Medical Office Assistant programs and certificates in its Licensed Practical Nursing Program.
Outstanding Educational Outcomes: Graduates of the RN and LPN programs had an impressive 87% and 98% pass rate on the state’s Nursing Board Exams, respectively.
High Placement Rates – 100% placement rate for all programs in 2015.
Good Competitive Position – No other post-secondary career programs within a 50 mile radius.
Fully Accredited, Title IV Institution – Accredited by Accrediting Council for Independent Colleges and Schools (ACICS) and participates in Title IV funding.
Good 90/10 Rate – 2015 Title IV funds were 81% of total revenues.
No Gainful Employment Issues: With 100% placement rates and high starting salaries, there are no gainful employment issues.
In 2015 revenues were just over $879,000 and adjusted EBITDA was $108,000. Annualized 2016 revenues and EBITDA are $839,000 and $184,000, respectively.
With margins in excess of 20%, a strong 90/10 rate, strong placement rates and no gainful employment issues, this school could be operated as either a non-profit or a for-profit career college.
For additional information about this opportunity, please contact us to receive a nondisclosure agreement. A complete offering package is available upon receipt of a signed NDA.
Asking Price Between $500,000 and $1,000,000
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