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Article: ANDOVER BUYS CASCO BAY COLLEGE< STUDENTS AT BOTH PORTLAND SCHOOLS SAY THEY EXPECT THE MERGER WILL ENHANCE ANDOVER COLLEGE ACADEMICALLY.<
- Article from:
- Portland Press Herald (Portland, ME)
- Article date:
- August 10, 1999
- Author:
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By STEVEN G. VEGH Staff Writer
Portland Press Herald (Maine)
08-10-1999
LOCAL & STATE
Casco Bay College's 136-year history has ended with its purchase by the
larger, 32-year-old Andover College.
At a press conference Monday, Lee C. Jenkins, the owner of Andover, refused
to say how much he paid for Casco Bay. He said the buyout was made possible
when Education Management Corp. of Pittsburgh made a minority investment in
Andover. John McKernan, a former Maine governor who is vice chairman of
Education Management, helped arrange the investment.
Students of both schools said they expect the merger will make Andover
College more attractive academically.
"A lot more students will want to go ...