'Strayer Education Inc. is nearing a deal to merge with Capella Education Co., according to people familiar with the matter, a move that would create a for-profit education company valued at nearly $2 billion.'
https://www.marketwatch.com/story/for-profit-colleges-strayer-capella-said-to-be-near-merger-2017-10-29?siteid=nbsh
"The transaction between Strayer and Capella is expected to result in about $50 million in annual cost savings within 18 months of closing, which is targeted for 2018’s third quarter."
https://www.washingtonpost.com/business/strayer-to-acquire-capella-education-in-19b-deal/2017/10/30/b0063734-bd5f-11e7-9294-705f80164f6e_story.html?utm_term=.ae922ea227a8