Career Education Corporation offers education to student population in a variety of career-oriented disciplines through online, on-ground and hybrid learning program offerings. The company serves students from campuses throughout the United States, offering doctoral, master’s, bachelor’s and associate degrees and diploma and certificate programs. The company’s institutions include, among others, American InterContinental University (AIU); Brooks Institute; Colorado Technical University (CTU); Harrington College of Design; International Academy of Design & Technology (IADT); Le Cordon Bleu North America (LCB); and Sanford-Brown Institutes and Colleges (SBI and SBC, respectively). Segments University Schools Colorado Technical University (CTU) schools collectively offer academic programs in the career-oriented disciplines of business studies, information systems and technologies, criminal justice, computer science and engineering, and health sciences in an online, classroom or laboratory setting. American InterContinental University (AIU) schools collectively offer academic programs in the career-oriented disciplines of business studies, information technologies, criminal justice and design technologies in an online, classroom or laboratory setting. Career Schools Health Education includes the company’s Sanford-Brown schools, along with Brown College, Briarcliffe College and Missouri College. These schools collectively offer academic programs in the career-oriented disciplines of health education, complemented by certain programs in business studies and information technology in a classroom, laboratory or online setting. Culinary Arts includes its Le Cordon Bleu schools in North America which collectively offer hands-on educational programs in the career-oriented disciplines of culinary arts and patisserie and baking in the commercial-grade kitchens of Le Cordon Bleu. Le Cordon Bleu also provides online programs in culinary arts and hotel and restaurant management. Design & Technology includes IADT, Harrington College of Design and Brooks Institute schools. These schools collectively offer academic programs primarily in the career-oriented disciplines of visual communications, fashion design, photography, interior design, graphic design and video production in a classroom, laboratory or online setting as well as continuing education and short-term vocational programs in the area of energy conservation. Transitional Schools includes its campuses that are being taught out. These campuses employ a gradual teach-out process, enabling them to continue to operate while students complete their course of study; they no longer enroll new students. During 2013, the company announced the teach-out of six additional campuses, including four campuses within Health Education and two campuses within Design & Technology. These campuses are included in its Transitional Schools segment. In addition, during 2013, the company completed the teach-out of four campuses, SBC Hazelwood, SBI Landover, SBC Milwaukee and IADT Schaumburg. Seasonality The company’s quarterly revenues and income do not fluctuate significantly from quarter to quarter as a result of seasonality. The pattern of student enrollments can affect quarterly revenues and income. Student Enrollment The company’s total student enrollment for its continuing operations, as of December 31, 2013, was approximately 53,700. Competition The company’s primary competitors in the publicly traded, proprietary postsecondary education industry are: Apollo Education Group, Inc.; Bridgepoint Education, Inc.; Capella Education Company; Corinthian Colleges, Inc.; DeVry Education Group Inc.; Education Management Corporation; Grand Canyon Education, Inc.; ITT Educational Services, Inc.; Kaplan, Inc (a division of the Graham Holdings Company); and Strayer Education, Inc. History Career Education Corporation was founded in 1994.
career education corp
(CE1:Berlin Stock Exchange)
231 North Martingale Road
Schaumburg, IL 60173
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