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 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.