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Laureate Continues Sell-Off With Panamanian University

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July 29, 2019

Laureate Education has continued its sell-off of universities, this time with the announcement last week that it is selling the Universidad Interamericana de Panamá for roughly $87 million.

The Baltimore-based Laureate, a large network of institutions with a global focus, has been restructuring in recent years with an approach the company has described as a simplification strategy and a shift toward focusing on emerging and large markets. Universal Knowledge Systems Inc. and Global Education Services Inc. are buying the Panamanian university, which enrolls about 14,300 students. Laureate, a public benefit corporation, said its 25 institutions and more than 150 campuses currently enroll about 850,000 students.

Paul Fain

Paul Fain, Contributing Editor, came to Inside Higher Ed in September 2011, after a six-year stint covering leadership and finance for The Chronicle of Higher Education. Paul has also worked in higher ed P.R., with Widmeyer Communications, but couldn't stay away from reporting. A former staff writer for C-VILLE Weekly, a newspaper in Charlottesville, Va., Paul has written for The New York Times, Washington City Paper and Mother Jones. He's won a few journalism awards, including one for beat reporting from the Education Writers Association and the Dick Schaap Excellence in Sports Journalism Award. Paul got hooked on journalism while working too many hours at The Review, the student newspaper at the University of Delaware, where he earned a degree in political science in 1996. A native of Dayton, Ohio, and a long-suffering fan of the Cincinnati Bengals, Fain plays guitar in a band with more possible names than polished songs.