Investors Buy Dana College in Nebraska
March 19th, 2010 -- Posted in Buy | No Comments »Dana College will soon unify the few of Individual colleges that have been sold in recent Years and converted from nonprofit organizations to for-profit corporations, The Associated Press. College officials announced Wednesday that a guild of investors and an unnamed hermitic judiciousness stationary agreed to acquire the School in Blair, Nebraska. Terms of the deal, which is expected to close up this Summer, were not disclosed, the flash Service said.
Since 2004, 10 other Private, nonprofit colleges have been sold and converted to for-profit enterprises, according to the National Association of Independent Colleges and Universities. But that remains just a fraction of the nation’s 1,600 Private, nonprofit colleges, platoon spokesman Tony Pals told The Associated Press. “There’s been consideration that we may understand more because of the productive downturn,” Mr. Pals said. “It’s admissible we may Support a few others - but no more than a fistful - in the coming Years.”.
