Career Education Corp. Buys Online University

Career Education Corporation, a publicly traded for-profit college company that has shrunk significantly from its 2010 peak enrollment of more than 100,000 and 100 campuses, has announced the purchase of Trident University International, a fully online for-profit institution with about 4,000 students. Career Education is paying between $35 million and $44 million for Trident, which was purchased by its current owner, Summit Partners, from the Touro University System for $190 million in 2007.

Career Education says it plans to merge Trident with its American InterContinental University institution; American InterContinental and Colorado Technical University are Career Ed's two remaining institutions.