A chain of 38 Kaplan College campuses operating throughout the United States is being sold by its owner to Education Corporation of America, an Alabama-based operator of private colleges, according to a news report

Education Corporation of America operates 34 campuses primarily in the Southeast, meaning that the acquisition of the Kaplan colleges would more than double the company's presence around the United States.

More than 12, 500 students are currently enrolled in Kaplan colleges, according to the report.

Kaplan University, a separate school, is not part of the transaction.


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