July 1st, 2010
IRVINE, California. July 1, 2010. International Education Corporation today announced that it has completed the acquisition of MCed Career College headquartered in Fresno, California. Founded in 1989, MCed Career College is an accredited post-secondary institution now offering career-focused programs in healthcare, business, legal, and information technology.
This transaction marks International Education Corporation’s second acquisition in the last 12 months. MCed Career College will operate under the name UEI College, IEC’s operating brand in California.
Dr. Fardad Fateri, President and Chief Executive Officer of International Education Corporation, said, "This acquisition is consistent with our strategy of expanding our footprint into the Central and Northern California markets. We are excited to have been able to acquire a college with MCed’s strong presence and reputation within that region.”
“We are pleased to welcome MCed Career College and its capable team of faculty and staff members to the IEC family of colleges,” says Janis Paulson, Chief Financial & Operating Officer of International Education Corporation. “The addition of MCed Career College to our portfolio of colleges provides us with a strong base in Central California and positions us effectively to prepare and graduate more students in healthcare, IT, and business to satisfy the growing demands of our employers in that region.”
Ginny White, IEC’s Executive Vice President of Marketing & Admissions says, “Central and Northern California’s rapid population growth and economic expansion has made it necessary for colleges to offer much needed programs and educate thousands of students to meet the demands of employers for qualified entry level workers in fast growing sectors such as healthcare.”
Fardad Fateri adds, "With our strong presence in Southern California, this entry into Central California is in line with our business thesis to penetrate new complementary markets organically and through acquisitions with a continued focus on our core programs within existing educational verticals especially in healthcare.”