Lindenwood University, a nonprofit in Missouri, Thursday finalized its acquisition of Dorsey College, an 89-year-old for-profit technical institution based in Michigan. Neither institution has publicly shared the purchase price. Lindenwood’s purchase allows it to expand into the career education sector and create a higher education system that can support a more diverse set of students, according to an FAQ on the university’s website. The acquisition will also diversify Lindenwood’s revenue streams, the private university said.
