Concorde Career Colleges: Comprehensive Company Profile

Background

Concorde Career Colleges, Inc., the healthcare division of Universal Technical Institute, Inc. (UTI), operates 17 campuses across eight states under the brands Concorde Career College and Concorde Career Institute. The institution is dedicated to preparing America's next generation of healthcare and dental professionals for rewarding careers. Concorde's mission is to equip committed students for successful employment in healthcare professions through high-caliber training, real-world experience, and a student-centered support system.

Key Strategic Focus

Concorde's strategic focus centers on delivering career-focused, hands-on healthcare education. The institution offers 25 student-focused programs across various in-demand healthcare fields, including nursing, dental, respiratory, and diagnostic roles. Utilizing a blended education model that combines online coursework with in-person labs and clinical experiences, Concorde provides a flexible and comprehensive approach to learning. The primary markets targeted include aspiring healthcare professionals seeking expedited and practical training pathways.

Financials and Funding

In May 2022, Universal Technical Institute, Inc. announced the acquisition of Concorde Career Colleges for $50 million. This strategic acquisition aimed to diversify UTI's educational offerings by incorporating healthcare programs, thereby expanding its portfolio and addressing the nation's skills gap in the healthcare sector.

Pipeline Development

Concorde offers a diverse range of healthcare programs designed to meet the growing demand for skilled professionals. These programs include:

• Nursing Programs: Practical/Vocational Nursing, Registered Nursing (Pre-Licensure), and RN to BSN.

• Dental Programs: Dental Assistant and Dental Hygiene.

• Allied Health Programs: Medical Assistant, Medical Office Administration, Pharmacy Technician, and Phlebotomy.

• Diagnostic Programs: Cardiovascular Sonography, Diagnostic Medical Sonography, and Radiologic Technology.

• Patient Care Programs: Physical Therapist Assistant, Respiratory Therapy, and Surgical Technology.

These programs are structured to provide students with the necessary skills and knowledge to excel in their respective fields, with timelines varying based on program specifics and individual student progress.

Technological Platform and Innovation

Concorde's blended education model is a notable innovation, combining online coursework with in-person lab classes and clinical settings. This approach offers flexibility and comprehensive training, catering to diverse student needs and learning styles. The institution's commitment to integrating technology into education enhances the learning experience and prepares students for modern healthcare environments.

Leadership Team

The leadership team at Concorde Career Colleges comprises experienced professionals dedicated to advancing healthcare education. Key executives include:

• Kevin Prehn: Chief Operating Officer.

• Erin Henry: President of Concorde Career College-Dallas.

• Eddie Kreiner: Campus President of Concorde Career College–San Antonio.

These leaders have been instrumental in achieving significant milestones, such as receiving the "School of the Year" awards from the California Association of Private Postsecondary Schools and the Career Colleges and Schools of Texas.

Leadership Changes

In May 2022, Universal Technical Institute, Inc. announced the acquisition of Concorde Career Colleges. As part of this acquisition, Jami Frazier, then CEO of Concorde, was expected to join UTI's leadership team, bringing her expertise to the combined organization.

Competitor Profile

Market Insights and Dynamics

The healthcare education sector is experiencing significant growth, driven by increasing demand for healthcare professionals. The U.S. Bureau of Labor Statistics projects a 7% growth in demand for dental assistants and dental hygienists between 2022 and 2023, faster than the average for all occupations.

Competitor Analysis

Key competitors in the healthcare education sector include:

• Carrington College: Offers a range of healthcare programs with a focus on hands-on training.

• Unitek College: Provides nursing and allied health programs with an emphasis on practical experience.

• Pima Medical Institute: Specializes in medical, dental, and veterinary programs, offering both certificate and degree options.

These institutions, like Concorde, aim to equip students with the skills necessary for successful careers in healthcare, contributing to a competitive landscape in the sector.

Strategic Collaborations and Partnerships

Concorde has established significant partnerships to enhance its educational offerings and student opportunities. Notably, the collaboration with Pacific Dental Services (PDS) since 2008 has been instrumental in preparing students for careers as dental professionals. The PDS Foundation offers the Dr. Carolyn Ghazal Dental Assistant Scholarship, providing financial aid, mentorship, and on-the-job training to Concorde students.

Operational Insights

Concorde's strategic considerations include maintaining high programmatic outcomes for completion, licensure, and placement. For instance, the San Antonio campus exceeded programmatic outcomes, with all programs surpassing an 80% placement rate, several exceeding 90%, and the physical therapy assistant program achieving 100% job placement.

Strategic Opportunities and Future Directions

Concorde's strategic roadmap focuses on expanding its program offerings and geographic footprint to meet the growing demand for healthcare professionals. The acquisition by Universal Technical Institute, Inc.