Profitable, Well-Operated Nursing School – SOLD
THIS OPPORTUNITY IS NO LONGER AVAILABLE. CALL US TO LEARN ABOUT OTHER NURSING SCHOOLS WE HAVE FOR SALE.
Investment Highlights:
Established Healthcare Programs– Including Registered Nursing, Licensed Practical Nursing, and Medical Office Assistant
Certificate & Degree Programs – Awards Associates degrees in Registered Nursing and Medical Office Assistant programs and certificates in its Licensed Practical Nursing Program.
Outstanding Educational Outcomes: Graduates of the RN and LPN programs had an impressive 87% and 98% pass rate on the state’s Nursing Board Exams, respectively.
High Placement Rates – 100% placement rate for all programs in 2015.
Fully Accredited, Title IV Institution – Accredited by Accrediting Council for Independent Colleges and Schools (ACICS) and participates in Title IV funding.
Good 90/10 Rate – 2015 Title IV funds were 81% of total revenues.
No Gainful Employment Issues: With 100% placement rates and high starting salaries, there are no gainful employment issues.
In 2015 revenues were just over $879,000. Adjusted EBITDA in 2015 was $108,000. Management expects 2016 revenues and EBITDA to be $839,000 and $184,000. Management expects the Fall semester to be strong. The RN class is expected to be full with alternates waiting. The LPN class is currently half full and still getting applicants.
The School is owned by a non-profit entity that operates two nursing schools. While the School is technically a campus of a multi-location college, it has its own OPEID number and is designated as a Main Campus. With margins in excess of 20%, a strong 90/10 rate, strong placement rates and no gainful employment issues, this school could be operated as either a non-profit or a for-profit career college.
Download Executive Summary & Nondisclosure Agreement.
For additional information contact Rich Jackim at rjackim@sportsclubadvisors.net or at 224-513-5142.
Read MoreJackim Woods & Co. Advises on Sale of Midwestern Career College
[et_pb_section admin_label=”section”][et_pb_row admin_label=”row”][et_pb_column type=”4_4″][et_pb_text admin_label=”Text”]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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