Northwood University is selling its 31-year-old campus in West Palm Beach, Fla., a year after shutting its residential campus near Dallas. The nation's pre-eminent auto-retailing school is also restructuring its operations to improve revenue. The moves are in part because of recent poor financial results.
"This is part of a strategic system restructuring" that will include offering more online courses for a growing number of older students, more aggressively seeking corporate partnerships and increasing recruitment of students from high schools, said Bill Gagliardi, Northwood's associate vice president of marketing, communications and public relations.
The changes "reflect the changing environment in higher education," he said. "Students are looking for many different routes to gain higher education."
Northwood, now with a sole campus in Midland, Mich., has alumni in positions as dealer principals and senior dealership managers across the country.
Keiser University will buy Northwood's West Palm Beach campus in a deal that was announced March 18 and is expected to close around July 1. Terms of the deal were not disclosed. The campus will become Keiser's second West Palm Beach location and first residential campus in Florida.