These are some of the major merger-and-acquisition transactions in the pre-K- 12 education industry in 2003. The federal No Child Left Behind Act and the improving national economy are two drivers of the activity.
| The acquisition of Aramark Corp.’s former child-care and early-education |
programs in 28 states means Knowledge Learning Corp. is now one of the largest
providers of child-care services nationwide.
| Besides acquiring private school Cedars Academy and outdoors education |
provider Explorations Inc., Aspen Education Group will open the nation’s first
boarding school specifically for obese students later this year.
| Liberty Partners manages the Florida Retirement System, half of whose 850,000 |
participants are Florida teachers and other public school employees. The
investment firm’s acquisition of Edison Schools Inc. angered many educators in
| Plato Learning Inc. expanded into the elementary market by acquiring rival |
Lightspan Inc. Its acquisition of New Media (Holdings) Ltd. gives the company
more sophisticated and interactive science course offerings.
| Educate Inc. was formed last year when Sylvan Learning Systems Inc. spun off |
its pre-K-12 units, such as its private tutoring centers (which still use the
Sylvan name) and its in-school supplemental-
services business. Sylvan Learning now focuses on for-profit higher education.
SOURCE: Eduventures Inc.;Education Week research