Former GCU parent company poised to pay $362.5M for education services firm


Grand Canyon Education Inc. is poised to pay $362.5 million in cash to acquire an education services firm to address the nation's nursing shortage.

The Phoenix-based company (Nasdaq: LOPE) filed an 8-K with the U.S. Securities and Exchange Commission revealing its definitive agreement to acquire Carmel, Indiana-based Orbis Education Services LLC, which supports health education programs for 17 regionally accredited universities across the nation, including Marquette University, Xavier University…

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