BUSINESS ACQUISITIONS

12 Months Ended

Dec. 31, 2012

BUSINESS ACQUISITIONS [Abstract]

BUSINESS ACQUISITIONS

5. BUSINESS ACQUISITIONS

On April 18, 2012, the Company acquired all of the rights, title and interest in certain assets and liabilities of Florida Medical Training Institute, Inc. ("FMTI") for total consideration of $1.7 million, net of cash acquired.  FMTI has five locations in Florida: Melbourne, Jacksonville, Tampa, Miami and Coral Springs.  FMTI currently offers certificate programs in the fields of Emergency Medical Technician, Paramedic, EKG/Phlebotomy, Nursing Assistant, Fire Fighter and Associate of Science Degrees in Emergency Medical Services and Fire Science Technology.  The Company acquired FMTI as it does not receive Title IV funding.  The purchase price allocation resulted $2.9 million allocated to assets including $0.5 million to intangible assets and $1.9 million to goodwill and $1.4 million to liabilities.  The goodwill is tax deductible and represents the value of entering a new market where there is no Title IV funding.