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British Nonprofit College Buys American For-Profit

British Nonprofit College Buys American For-Profit
February 27, 2013

Regent's College, a nonprofit British institution, has purchased for-profit American Intercontinental University London from the latter's owner, Career Education Corporation, Times Higher Education reported. The purchase is the first of its kind in Britain. Regent's will run American Intercontinental as a for-profit subsidiary initially but plans to subsume it within Regent's within a year.

 

 

 

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