WEST LAFAYETTE, Ind. (WLFI) — Purdue University's transaction to acquire Kaplan University is now complete. Purdue announced the deal, now known as Purdue Global, closed Thursday.
Purdue Global will have its main campus in Indianapolis and is expected to launch officially on April 2. Previous Kaplan University President Betty Vandenbosch will serve as Purdue Global chancellor and will report to Purdue President Mitch Daniels.
Kaplan's 30,000 current students will transition immediately to Purdue Global. Courses will continue without interruption and students will earn a degree bearing the new institution’s name.
All of Kaplan's assets were purchased for one dollar in April of 2017. As part of the transaction, Purdue Global will receive Kaplan’s 14 campuses and learning centers, its current students and near 2,100 employees.
Under the new agreement, Kaplan will provide Purdue Global with services such as human resources and facilities management among others.
Additional questions about Purdue Global can be found in a summary report here.