Accreditor clears path for $1.9 billion Strayer-Capella merger - Autumn A. Arnett, Education Dive

The merger between Capella University's parent company, Capella Education Company, and Strayer Education Inc., the parent company of Strayer University, has been approved by the Higher Learning Commission and is expected to close on or before Aug. 1. The resulting company will be named Strategic Education Inc., according to a July 9 Security Exchange Commission filing. The $1.9 billion deal will create one of the largest for-profit companies in the country, serving roughly 80,000 students between them. The two institutions will continue to operate as "independent and separately accredited institutions." Strayer shareholders will own 52% of the combined stock and Capella shareholders will own 48%. https://www.educationdive.com/news/accreditor-clears-path-for-19-billion-strayer-capella-merger/527421/