Company’s purchase of N.H. college could earn it $1 billion

Source: Boston Globe Posted By: Jacky S...5937 days ago

ITT Educational Services Inc. paid $20.8 million for debt-ridden Daniel Webster College in June. In return, the company obtained an academic credential that may generate a taxpayer-funded bonanza worth as much as $1 billion.
ITT Educational, based in Carmel, Ind., is the third-biggest higher-education company in the United States. Its $3.8 billion market value may increase by 26 percent, or $1 billion, within five years because of the purchase of 1,200-student Daniel Webster in Nashua, according....

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