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Subsequent Events
9 Months Ended
Sep. 30, 2013
Subsequent Events
6. Subsequent Events

On November 1, 2013, the Company announced that it had acquired National Education Seminars, Inc., operating as Hondros College, Nursing Programs (“HCON”), in a stock purchase transaction. The Company acquired all of the outstanding equity of HCON for an adjusted aggregate purchase price, subject to post-closing working capital adjustments, of $45.0 million. The Company assumed no debt in the acquisition of HCON.