Profitable, Well-Operated Nursing School – SOLD
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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.
For additional information contact Rich Jackim at email@example.com or at 224-513-5142.