Nationally Accredited, Title IV, Allied Healthcare School – SOLD
THIS OPPORTUNITY IS NO LONGER AVAILABLE. CALL US TO LEARN ABOUT OTHER NURSING SCHOOLS WE HAVE FOR SALE
2016 Revenues (Est.): $2,400,000 2016 EBITDA (Est.): $343,000
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Investment Highlights:
Established Healthcare & Skilled Trades Programs – Medical Assistant–10 months, Licensed Practical Nurse (LPN)–12-14 months, Certified Nursing Assistant (CNA)–3 months, and HVAC Repair (HVAC)–12 months.
Major Metropolitan Market – The school has two campuses in a major metropolitan area in the Midwest.
High Placement Rates – 73% placement rate for its LPN program in 2015.
Fully Accredited, Title IV Institution – Currently accredited by ACICS and participates in Title IV program. Changing accrediting agencies to ACEN.
Excellent 90/10 Rate – The School’s 2015 90/10 rate was 60%.
Background:
Our client is a nationally accredited, Title IV allied healthcare career school established in 1997. The school offers allied healthcare and skilled trades programs. In 2016 the school has a total enrollment of over 300 students who attend the school’s two campuses located in a major metropolitan market in the Midwest. The school’s largest program is its licensed practical nurse (LPN) program with approximately 192 students which represents approximately 64% of school’s total tuition received.
Based on internal financial results through May 2016, management expects 2016 annualized revenues to be approximately $2.4 million and adjusted EBITDA to be $343,000. This is up 15% and 78% respectively from 2015.
The school is accredited by ACICS however management is in the process of changing accreditation to ACEN which they anticipate will be received before the sale is complete. The school’s founders have some minor health issues and are interested in retiring, however, they are willing and able to work with the buyer for a reasonable transition period or as consultants afterward.
Additional information is available to qualified principals upon receipt of a signed nondisclosure agreement attached. Download Client Profile and Nondisclosure Agreement.
Please contact Richard Jackim at (224) 513-5142 or rjackim@jackimwoods.com with any questions.
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Jackim Woods & Co. Advises on Sale of Midwestern Career College
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Midwestern Career College was acquired by MCC Holding Group, LLC. Midwestern Career College is one of the leading Title IV allied healthcare career colleges in the Midwest with certificate and degree programs in over a dozen programs. The school is best known for its Magnetic Resonance Imaging, Diagnostic Medical Sonography. Non-Invasive Cardiovascular Tech, Surgical Tech, and Dialysis Tech programs and is one of only a few schools in greater Chicago area to offer these programs.
Rich Jackim, a partner at Jackim Woods & Co., represented the Midwestern Career College and arranged the transaction.
[/et_pb_text][/et_pb_column][/et_pb_row][/et_pb_section] Read MoreJackim Woods & Co. Advises on Sale of Success Schools, LLC
CHICAGO, IL, January 4, 2016 – Success Schools LLC, a leading Title IV career college for barbers, was acquired by Denmark Education.
Success Schools, with campuses in Merrillville, IN and Chicago, IL is the largest Title IV barber college in the Midwest. The principals of Denmark Education are experienced Title IV school owners and operators who plan to build on Success Schools’ solid reputation and strong educational outcomes.
Rich Jackim, a partner at Jackim Woods & Co., represented Success Schools, LLC and and arranged the transaction.
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