We are looking for targets that have a tremendous strategic fit for the company. The colleges must have complementary education programs, have an excellent reputation, long operating history and solid regulatory compliance.
We're looking to have the ability to come in and be able to capitalize on the marketing in order to grow the top-line. We basically leverage what has worked with our other successful acquisitions - investment in marketing, retention and student services.
Career Education is one of the largest global providers in the higher education sector. We are projecting to be over $1.1 billion in revenue in 2003, which puts us number one in our sector for onsite education and number two for online education in terms of revenue.