Description

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.

Investment Highlights:

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.

Posted May 31, 2016

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