Business Overview
About the Company
This for-profit, fully accredited college offers a bachelor’s degree in a robust healthcare field. Located in the Intermountain West, all of the current full-time faculty are licensed and practicing in that field. They have two classes of 60 students per year.
From the first graduating class in 2007 to the most recent graduating class in December of 2022, their students have a combined on-time overall average graduation and program completion rate that is over 98%. Their graduates also have a combined average pass rate on national and regional board certification exams that exceeds 99%.
The Company’s licensure and employment rates for graduates are also very impressive, with over 99% of graduates obtaining licensure to work in their field within the United States. Average employment rates for licensed graduates currently stand at 94.6%.
For 2022, which saw two graduating classes, 97.5%, or 117 of the 120 students who began the program, graduated. The school has an almost zero student loan cohort default rate.
The college lost 4 months revenue (one class) due to covid and when they resumed classes, that lost freshman class (who would have been in their second year) was made up after the end of the 2022 year when the phantom class ‘graduated’. The 2023 will be fully back to normal.
The owner is looking to retire, but there is strong management in place, willing to remain as needed post-transaction.
The real estate is available for an additional $5 million.
