Former Grand Canyon University parent company buys education group

Dec 19, 2018, 9:53 AM
(Instagram Photo)...
(Instagram Photo)
(Instagram Photo)

PHOENIX – Grand Canyon University’s former parent company planned to buy a health-education services group for more than $360 million in cash.

Phoenix-based Grand Canyon Education said the deal for Orbis Education Services of Indiana would help curb the nursing shortage around the country.

The $362.5 million agreement was expected to close during the first quarter of 2019.

“This is a natural extension of what Grand Canyon Education is already doing as an education services partner. We are very impressed with the quality of nursing and healthcare education that Orbis Education’s client institutions are providing,” university President Brian Mueller said in a statement.

Mueller is also the CEO of Grand Canyon Education, which owned the university until July, when the school near 33rd Avenue and Camelback Road returned to nonprofit status.

Orbis builds partnerships between students, universities and health care systems, according to its website, “through innovative educational programs.”

Partners include Northeastern University, Loyola University Chicago, Xavier University and Marquette University.

Inside Indiana Business reported Tuesday that Orbis CEO Steve Hodownes said the deal was an “excellent fit” for his company and that both organizations “are mission-driven.”

Lifetime Windows & Doors

We want to hear from you.

Have a story idea or tip? Pass it along to the KTAR News team here.

Arizona News

(Pexels Photo)...

Gilbert Oktoberfest set for Oct. 15 at Gilbert Regional Park

An oompah band will welcome visitors to Gilbert Regional Park for this year's Gilbert Oktoberfest on Saturday, Oct. 15.
13 hours ago
Pamphlets are seen on the counter at the Planned Parenthood Central Phoenix Health Center in Phoeni...

Planned Parenthood launches $1.5M electoral campaign in Arizona

Planned Parenthood Votes launched a $1.5 million statewide electoral program in Arizona for the upcoming midterms.
13 hours ago
(Arizona Department of Transportation)...

Sunset Point Rest Area north of Phoenix on I-17 to close for renovations

The next phase of the Sunset Point Rest Area renovation starts Wednesday, when the facility will be closed to most vehicles until next year.
13 hours ago
(Pipistrel Aircraft Photo)...

Mesa Airlines invests in planes for pilot development program

Mesa Airlines announced Thursday an investment of 29 planes for its pilot development program aimed at shrinking the shortage gap.
13 hours ago
(Twitter Photo / @PhoenixParks)...
Alex Weiner

Echo Canyon Trailhead at Camelback Mountain to close Monday for nearby roadwork

The popular Echo Canyon Trailhead at Camelback Mountain will be closed to the public Monday due to a repaving project in the area.
13 hours ago
(Facebook photo | Phoenix Police Department)...

2 suspects outstanding after separate deadly hit-and-runs in Phoenix

Two people died after hit-and-runs occurred in Phoenix after the cars drove away from the scenes, authorities said.
2 days ago

Sponsored Articles

Children’s Cancer Network

Children’s Cancer Network celebrates cancer-fighting superheroes, raises funds during September’s Childhood Cancer Awareness Month

Jace Hyduchak was like most other kids in his kindergarten class: He loved to play basketball, dress up like his favorite superheroes and jump as high as his pint-sized body would take him on his backyard trampoline.
Sanderson Ford

Don’t let rising fuel prices stop you from traveling Arizona this summer

There's no better time to get out on the open road and see what the beautiful state of Arizona has to offer. But if the cost of gas is putting a cloud over your summer vacation plans, let Sanderson Ford help with their wide-range selection of electric vehicles.
Mayo Clinic Orthopedics and Sports Medicine

Why your student-athlete’s physical should be conducted by a sports medicine specialist

Dr. Anastasi from Mayo Clinic Orthopedics and Sports Medicine in Tempe answers some of the most common questions.
Former Grand Canyon University parent company buys education group