N B Education

Overview

N B Education ("NBE") was formed by Murphy & Partners Fund III, LP ("M& P") in Nov. 2004 to continue M&P's investments in postsecondary education. NBE intends to acquire and manage postsecondary, degree- and certificate-granting educational institutions. While NBE intends to make opportunistic acquisitions, it will specifically target postsecondary schools predominantly offering allied health programs. NBE believes that the allied health services industry will undergo the largest growth of any other industry, with an estimated 4 million new jobs by 2012. Allied health services workers at all levels of education and training will continue to be in demand. In many cases, it may be easier for jobseekers with health-specific training to obtain jobs and advance their careers. Specialized clinical training is a requirement for many jobs in health services and is an asset even for many administrative jobs that do not specifically require it.