UPDATE 2-Corinthian to buy Heald Capital for $395 mln Deals Mergers & Acquisitions Reuters:
"BANGALORE, Oct 20 (Reuters) - Education provider Corinthian Colleges Inc (COCO.O) said it agreed to acquire Heald Capital, the parent company of Heald Colleges, in a cash deal valued at about $395 million, including debt.
Heald, which is based in San Francisco, California, currently operates 11 campuses and offers courses in healthcare, legal and technology to about 12,300 students.
Corinthian, which provides short-term courses in fields such as healthcare, criminal justice and mechanical, said it would use its $280 million credit facility and available cash to finance the acquisition.
Heald will operate as a separate division after the acquisition is complete, Corinthian said on a conference call with analysts"
"BANGALORE, Oct 20 (Reuters) - Education provider Corinthian Colleges Inc (COCO.O) said it agreed to acquire Heald Capital, the parent company of Heald Colleges, in a cash deal valued at about $395 million, including debt.
Heald, which is based in San Francisco, California, currently operates 11 campuses and offers courses in healthcare, legal and technology to about 12,300 students.
Corinthian, which provides short-term courses in fields such as healthcare, criminal justice and mechanical, said it would use its $280 million credit facility and available cash to finance the acquisition.
Heald will operate as a separate division after the acquisition is complete, Corinthian said on a conference call with analysts"