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Dive Brief:
- Grand Canyon Education (GCE) executives shared more details on their plans to add new university partners during a call with analysts Tuesday to discuss their second-quarter earnings.
- GCE CEO Brian Mueller said the education services provider is looking for three or four college partners that want to grow to about 5,000 to 7,000 students in a five- to seven-year period. GCE expects those will be private colleges in the Midwest or Northeast, and it is eyeing a launch as early as fall 2020.
- GCE’s existing partnerships, with Grand Canyon University and Orbis Educational Services, propelled a year-over-year 11.4% increase in overall enrollment (to 90,906 students) and an adjusted 23% gain in services revenue (to $174.8 million).
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