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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May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.