Profile: Corinthian Colleges Inc (COCO.O)

Corinthian Colleges, Inc. (Corinthian) is a post-secondary education company in the United States and Canada. As of June 30, 2009, the Company had a student enrolment of 86,088, and operated 89 schools in 24 states and 17 schools in the province of Ontario, Canada. The Company offers a variety of diploma programs and associate’s, bachelors and master’s degrees. The Company’s training programs include healthcare, criminal justice, mechanical, trades, business and information technology. The Company offers online learning in two categories of students, including those attending online classes exclusively, and those attending a blend of traditional classroom and online courses. The Company’s campus provides the students with lecture halls, instructional labs, libraries, Internet access and other facilities. In January 2010, the Company completed the acquisition of Heald Capital LLC, the parent company of Heald College.

The diploma programs are intended to provide students with the requisite knowledge and job skills for entry-level positions in their chosen career. The Company’s degree programs are primarily designed for career-oriented adults and to assist them in enhancing their functional and professional skills. The curriculum development team is responsible for maintaining quality, market driven curricula. The colleges also utilize advisory boards to help evaluate and improve the curriculum for each program offered. These advisory boards are required to meet at least twice a year and are consisted of local industry and business professionals. Advisory board members provide insight regarding changes in programs and suggest new technologies and other factors that may enhance curriculum. The Company’s diploma curricula includes the programs, including medical assisting, medical insurance billing and coding, massage therapy, dental assisting, pharmacy technician, medical administrative assisting, automotive and diesel technology, heating, ventilation and air conditioning (HVAC), surgical technology, plumbing, electrical, nursing, electronics and computer technology.

The Company’s degree curriculum includes business administration, criminal justice, medical assisting, accounting, paralegal, marketing, computer information technology, legal assisting, hospitality management, court reporting, applied service management, film and video. At the Everest locations in Florida, Phoenix, Mesa, Springfield and Ontario Metro, campuses, many associate’s degree programs also articulate into a bachelor’s degree in the same course of study. Master’s degrees are also offered at Everest Florida in business administration and criminal justice. The diploma courses generally have duration of 6-24 months, depending on the course of study. Associate’s degree programs have duration of 9-24 months, bachelor’s degree programs have duration of 36-48 months and master’s degree programs have duration of 21 months. During the fiscal year ended June 30, 2009, the Company had approximately 64% of students enrolled in diploma programs, approximately 31% of students enrolled in associate’s programs, approximately 4% of students enrolled in bachelor’s programs and approximately 1% of students enrolled in master’s programs.