On January 10, Laureate International agreed to sell Universidad Latina to the US conglomerate SP Costa Rica Holdings, a transaction that amounted to $22 million.
The agreement was that SP Costa Rica Holdings would make an initial payment of $15 million and the remaining $7 million would be cancelled within two years, if income and new student enrollment goals are met.
An environmental impact study has been presented to build a university campus in San Pablo, province of Heredia.
According to CentralAmericaData 's identification system for Construction Projects, the environmental impact assessment study (EIA) was submitted bySomugo S.A.to the National Environmental Technical Secretariat (SETENA) on December 22 2016.
The Universidad Latina and Universidad de Ciencias Médicas have announced investments of $ 20 million in the expansion of their facilities.
With an investment of $12 million, the Universidad Latina, will construct a building in Lourdes de Montes de Oca. In the new 10,000 square meter building on four levels there will be a simulation hospital area.
The owner of both universities, Laureate Costa Rica, is awaiting approval from the authorities to merge both into a single education center.
A press release from the institution reported that the new center, if approved, would become the country largest private university, with over 30.000 students.
“This merger is being studied by the corresponding authorities”, informed company spokesperson Cindy Madrigal.
Laureate Education Inc., an American-based chain of private universities, has bought two Costa Rica educational institutions, Universidad Latina (Latina U) and Universidad Americana (UAM).
Baltimore-based Laureate made the announcement of the purchase in Mexico, where it also acquired the Instituto Latino de Formación Integral (Ilafori).
All three were owned by the Mexico City firm Consorcio Pro-Educación.
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