Universal Technical Institute to acquire Concorde Career Colleges for $50m.

Universal Technical Institute, a provider of transportation and technical training programs, agreed to acquire Concorde Career Colleges, a provider of healthcare education programs, for $50m. The acquisition of Concorde Career Colleges will be a significant next step in our previously announced growth and diversification strategy. We take the responsibility of becoming one of this country's leading workforce solutions providers seriously, and entering the healthcare space allows us to help even more students and support employers as they seek to solve some of their toughest workforce-related challenges. Concorde's programs, geographic footprint, solid leadership team, exemplary faculty and staff, diverse student body, tight industry alignment, and strong alumni network make this acquisition a great fit. I also look forward to welcoming Jami Frazier and her talented team to the company. Under Jami's leadership, UTI's first step into healthcare will serve as a solid cornerstone for some of our key future growth and diversification efforts," Jerome Grant, Universal Technical Institute CEO.