Dive Brief:
- The University of Iowa-Des Moines is acquiring a private non-profit business school with more than 1,000 students.
- The AIB College of Business will take at least a year to make the transition, according to the University of Iowa.
- When the transition is complete, the university will own the business college’s Des Moines land and buildings, and the college’s students will become students of the university.
Dive Insight:
Consolidation among higher education institutions is not unusual, but this acquisition is interesting because it involves a public university taking over a private school. The business school started in 1921, became a nonprofit in 1941, and moved to its 20-acre campus in 1972. It offers associate degrees along with seven business-related majors with bachelor’s degrees.