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Penn Foster Acquires Ashworth Online College to Extend Middle-Skill Learnings Gaps
Monday 11 February 2019

11 February 2019 - Pennsylvania, US-based talent development pioneer Penn Foster, which partners with employers to attract, develop and retain talent for middle-skill jobs, has acquired Georgia, US-based online institution Ashworth College, offering degree and certificate programmes in fast-growing fields, as well as high school diplomas, the company said.
Terms of the transaction were not disclosed.
Penn Foster's acquisition of Ashworth College creates continuum for middle-skill learning that extends from high school to the world of work, and will help employers bridge skill and equity gaps in high-growth fields.
While the combination of the two institutions will create significant new opportunities for students and other institutional stakeholders, the transaction will have no impact on courses and programmes offered to current students.
Penn Foster is bridging the gap between education and economic opportunity to build the workforce of tomorrow. The company partners with employers to design and deliver digital and blended learning programmes that attract, upskill, and retain workers in America's fastest-growing fields and professions.
Ashworth College is a nationally-accredited online institution that provides flexible and affordable education to students located around the world.
Areas of study include more than 145 career-focussed programmes in the high-demand fields of healthcare, technology, business, creative services, education, legal studies, and trades.
Details
Date Published: 11/02/2019
Target: Ashworth College
Country: USA
Sector: Business and Consumer Services
Type: Corporate acquisition
Financing:
Status: Closed
Vendor:
Buyer: Penn Foster
Comment:
Terms of the deal were not disclosed

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