Press contact: Carina Wong, carina_wong@kaplan.com, 212-492-5992
Kaplan Higher Education
Acquires Texas School Of Business
Acquisition of Houston’s Leading Provider of Allied Health Career Education Expands Kaplan’s Network to 62 Campuses
Roswell, GA, February 5, 2004 – Kaplan, Inc. today announced that its higher education division has acquired Texas School of Business, a career-oriented postsecondary school providing training in the fields of allied health and business. The acquisition expands the Kaplan Higher Education network to 62 campuses in 15 states. Kaplan Higher Education currently serves approximately 42,000 students through campus-based schools and online programs.
Operating four campuses around the greater Houston metropolitan area, Texas School of Business is one of the leading proprietary postsecondary schools for allied health and business programs in the region, with more than 1500 students currently enrolled. In Texas, Kaplan Higher Education currently operates campuses in Beaumont, Brownsville, Corpus Christi, Dallas, El Paso, Laredo, Lubbock, McAllen, Midland and San Antonio.
“Houston has an enormous need for trained healthcare professionals,” said Gary Kerber, CEO of Kaplan Higher Education. “Texas School of Business is an established leader in allied health and business education. We look forward to further expanding and advancing career training opportunities for students in the Houston area.”
Founded in 1983, Texas School of Business is accredited by the Accrediting Council for Independent Colleges and Schools (ACICS) and its largest allied health program is also accredited by the Commission on Accreditation of Allied Health Education Programs.
The acquisition is subject to regulatory approvals. Legg Mason Wood Walker, Inc. served as investment advisor to Texas School of Business.
About Kaplan Higher Education
Kaplan, Inc.'s Higher Education Division includes 62 campus-based schools in 15 states, as well as online programs toward numerous degrees. Kaplan Higher Education offers career-oriented certificate, bachelor and associate degree programs designed to provide students with the skills necessary to qualify them for entry level employment in the fields of healthcare, business, information technology, technology, fashion and design. Kaplan, Inc., which has been helping people achieve their educational and professional goals for 65 years, provides educational and career services to students, schools, professionals, and businesses worldwide. Kaplan is a wholly-owned subsidiary of The Washington Post Company (NYSE: WPO). With $838 million in 2003 revenue, Kaplan is the largest revenue producer within the Washington Post Company. For more information about Kaplan, please visit http://www.kaplan.com.