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Strayer Education-Capella seek to advance merger proposal

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Strayer Education-Capella seek to advance merger proposal

For-profit education company Strayer Education Inc. said Dec. 19 that its previously announced proposed merger with Capella Education Co. received an early termination of the merger waiting period, while the companies took steps to file new regulatory and accreditation filings to start the merger process, according to an SEC filing.

The education company said it filed the S-4 registration statement with the SEC, while Capella filed the necessary documents with the Higher Learning Commission, its accreditor, and with the U.S. Department of Education.

The two universities will operate as independent and separately accredited institutions if the merger is approved, according to Strayer.

In addition, Strayer said it has established an integration management office with its own representatives and those from Capella to help streamline the process and provide updates.