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Strategies & Market Trends : Cents and Sensibility - Kimberly and Friends' Consortium
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To: Kimberly Lee who wrote ()1/28/2000 6:25:00 PM
From: taffard   of 108040
 
anyone get their Business Week? Cover story on for profit schools..Edison (EDSN) and Advantage two main ones mentioned...GROUND FLOOR. Right now, for-profit schools are just a blip on the screen: They teach some 100,000 students at about 200 schools out of
America's 53 million children in kindergarten through 12th grade. But they're growing faster than a hungry 2-year-old. In two years, Boston-based
Advantage Schools has shot from $4 million in revenues to $60 million. In the five years since it opened its first four schools, Edison Schools Inc.
(EDSN) has jumped from $12 million to $217 million in revenue. It now runs 79 schools in 16 states.

Advocates have even grander visions of the future. By 2005, New York-based Edison Schools alone will be managing 423 schools with 260,000
students, giving it revenues of $1.8 billion, predicts Michael T. Moe, analyst at Merrill Lynch & Co., which helped Edison raise $122 million in an
initial public offering last November. By 2009, for-profits could capture as much as 10% of the $360 billion the U.S. now shells out annually on K-12
schooling, estimates Moe. Proclaims Edison founder and CEO H. Christopher Whittle: 'In 20 years, 20% to 30% of U.S. public schools will be run by
for-profits.'
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