Who is University of Phoenix owned by?
Apollo Education Group, Inc.
University of Phoenix, for-profit institution of higher learning based in Phoenix, Arizona, that offers classes primarily online. One of the largest universities of its kind in the United States, it spurred the rise of for-profit postsecondary schools in the late 1990s. It is owned by Apollo Education Group, Inc.
What happened to Apollo Education Group?
On May 6, 2016, the shareholders of the company approved the sale of the firm for $1.14 billion to a group of private investors: Najafi Companies, a Phoenix firm, the New York-based Apollo Global Management and, the Vistria Group of Chicago.
Is University of Phoenix private or public?
University of Phoenix (UoPX) is a private for-profit university with its headquarters in Phoenix, Arizona. Founded in 1976, the university confers certificates and degrees at the certificate, associate, bachelor’s, master’s, and doctoral degree levels.
Does Apollo own University of Phoenix?
In 2017, Apollo led a $1 billion takeover of the company that owns the University of Phoenix. Before the acquisition, the for-profit college chain “came under fire for aggressive marketing practices and lower-quality degree programs,” Apollo said in a confidential October presentation.
Is Apollo a Fortune 500 company?
Figures are for fiscal year ended Aug. 31, 2015….Company Info.
|CEO||Gregory W. Cappelli|
|Years on Fortune 500 List||–|
Why does University of Phoenix have a bad reputation?
University of Phoenix has been called a “pay for degree school.” One Yelp Review says “Bottom line, University of Phoenix degree is worthless in real world. The school’s accreditation from the Higher Learning Commission was also placed on notice a while back.