Career Education Transfers Ownership of Missouri College to Weston Education Group
September 01 2015 - 6:08PM
Business Wire
Career Education Corporation (NASDAQ: CECO) today announced that
it has closed on an agreement transferring control of Missouri
College, one of its Career College institutions, to Weston
Education Group, an education operator providing career training
for over 34 years with four distance education schools as well as
Heritage College and Heritage Institute. Terms of the agreement
were not disclosed.
Missouri College, located in Brentwood, Missouri, has been
providing career focused education to students since 1963, and has
been part of Career Education Corporation for 13 years. Weston
Education Group anticipates there will be no change to the name of
the institution, and current students and alumni should expect few
to no changes in their college experience or student services.
“We are pleased to have reached a mutually beneficial agreement
with a new owner that intends to invest in strengthening Missouri
College’s programs and protecting the long-term interests of its
students and faculty members,” said Todd Nelson, President and CEO
of Career Education Corporation. “Weston has extensive experience
in the career training field operating successful institutions
focused on allied health education, both online and on campus.”
This sale represents the continued progress against Career
Education’s strategy to exit its career schools business and focus
its resources and attention on its universities – Colorado
Technical University (CTU) and American InterContinental University
(AIU) – where the company has significant opportunities to continue
to provide quality higher education to the adult student market.
The sale of Missouri College represents Career Education’s second
successful divestiture after the sale of Brooks Institute in
California earlier this year.
“No matter the ownership, the faculty and staff of Missouri
College remain committed to helping students achieve the education
they desire to enter into a new career field or enhance an existing
career,” said Karl Petersen, Campus President of Missouri
College.
“Weston Education Group is proud to carry on the strong
tradition of Missouri College. The culture of Missouri College,
combined with the educational programs they offer, is a natural fit
with the Weston school group. We are strongly committed to the
continued success of the students and graduates of Missouri
College,” remarked Eric Chiusolo, Chief Executive Officer of Weston
Education Group.
About Career Education
Corporation
The colleges, institutes and universities that are part of the
Career Education Corporation (“CEC”) family of schools offer Career
Education’s academic institutions offer a high-quality education to
a diverse student population in a variety of disciplines through
online, on-ground and hybrid learning programs. Our two
universities – American InterContinental University (“AIU”) and
Colorado Technical University (“CTU”) – provide degree programs
through the master’s or doctoral level as well as associate and
bachelor’s levels. Both universities predominantly serve students
online with career-focused degree programs that meet the
educational demands of today’s busy adults. AIU and CTU continue to
show innovation in higher education, advancing new personalized
learning technologies like their intellipath™ adaptive learning
platform that allow students to more efficiently move toward
earning a degree by receiving course credit for knowledge they can
already demonstrate. Career Education is committed to providing
high-quality education that closes the gap between learners who
seek to advance their careers and employers needing a qualified
workforce.
A detailed listing of individual campus locations and web links
to Career Education’s colleges, institutes and universities can be
found at www.careered.com.
About Missouri College
Established in 1963, Missouri College offers career-focused
education that provides students with opportunities to enter a new
career field or enhance an existing career path. The school offers
diploma, associate and bachelor’s programs in allied health and
recently reintroduced an associate degree in business. As part of
the change of ownership process, the school will request
continuation of its accreditation by the Accrediting Council for
Independent Colleges and Schools (ACICS). ACICS is a national
accrediting agency recognized by the United States Department of
Education. Missouri College cannot guarantee employment or salary.
Find employment rates, financial obligations and other disclosures
at www.missouricollege.edu/disclosures. For more information about
Missouri College and the school’s programs, visit
www.missouricollege.edu or call (866) 410-0444.
About Weston Education
Group
Weston Education Group (WEG) has been providing career training
programs to students for 34 years. WEG consists of 4 distance
education schools which offer a variety of certificate and degree
programs. Additionally, WEG includes Heritage College and Heritage
Institute which operate 10 residential campuses in 8 states
offering career training for individuals interested in allied
health professions.
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version on businesswire.com: http://www.businesswire.com/news/home/20150901006752/en/
Career Education CorporationJeffrey CooperMedia@careered.com847-585-2600
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