Tuesday, Corinthian Colleges Inc. (COCO) said it has completed the acquisition of Heald Capital LLC, the parent company of Heald College. Heald is a regionally accredited institution that has been delivering quality, career-focused academic programs since 1863.
Under the terms of the acquisition, Corinthian stated that it paid $395 million in exchange for all outstanding membership interests of Heald Capital LLC, including the assumption of around $23.4 million in debt related to a Heald subsidiary. Corinthian also paid an estimated working capital adjustment of $22.2 million that is subject to revision once the closing balance sheet is finalized. Corinthian said it has financed the acquisition through a combination of cash and debt, including borrowings under its $280 million credit facility and available cash.
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June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.