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Dive Brief:
- Grand Canyon Education is being “selective” as it seeks out a handful of additional university partners, CEO Brian Mueller told analysts on a call Wednesday to discuss the company’s fourth-quarter earnings. “We are less and less likely to do a deal for the sake of doing a deal,” he said.
- Mueller, who is president of the university in addition to his role at GCE, also indirectly addressed recent criticism of the company’s relationship with Grand Canyon University.
- He said GCU had $250 million in cash and nearly $400 million in assets as of the end of last year. It generated $100 million in operating cash flows in the second half of 2019.
Dive Insight:
A report last month from a noted short-seller suggested GCE might be funneling expenses and liabilities to the university while disproportionately benefiting from its revenue.
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