The Chubb Institute
Encyclopedia
Anthem Institute is a chain of for-profit
technical school
s with six locations in the northeastern United States
.
company. Its initial focus was on computer-related training, and training in medical fields was added later. The schools were acquired in 2004 for the price of one dollar by a partnership of private equity
firm Great Hill Partners and the High-Tech Institute
, a network of similar technical schools based in Phoenix, Arizona
. Chubb Corporation recognized a $31 million loss from the sale. The new owners reportedly invested millions of dollars in the schools, which recorded operating losses of $9 million in 2005.
As of August 31, 2008, the chain was renamed the Anthem Institute. Prior to that date, the location in Chicago
had been renamed to Banner Institute in January 2006, and the location in Arlington, Virginia, had been christened Banner College. Banner College in Virginia closed in August 2008 after ten years of operation there.
On March 19, 2009, the Anthem Institute's parent company, High-Tech Institute, Inc./TCI Education, Inc., and its family of schools began to operate under the umbrella name of Anthem Education Group (AEG). The company operates Anthem College, Anthem College Online, Anthem Institute, The Bryman School of Arizona, Morrison University, Allied College and High-Tech Institute. The schools offer diplomas, associate's, bachelor's and master's degrees, depending upon each separate school.
For-Profit School
For-profit education refers to educational institutions operated by private, profit-seeking businesses....
technical school
Technical school
Technical school is a general term used for two-year college which provide mostly employment-preparation skills for trained labor, such as welding, culinary arts and office management.-Associations supporting technical schools:...
s with six locations in the northeastern United States
Northeastern United States
The Northeastern United States is a region of the United States as defined by the United States Census Bureau.-Composition:The region comprises nine states: the New England states of Connecticut, Maine, Massachusetts, New Hampshire, Rhode Island and Vermont; and the Mid-Atlantic states of New...
.
History
Anthem Institute was founded in 1970 as The Chubb Institute, the employee training arm of the Chubb Corporation, an insuranceInsurance
In law and economics, insurance is a form of risk management primarily used to hedge against the risk of a contingent, uncertain loss. Insurance is defined as the equitable transfer of the risk of a loss, from one entity to another, in exchange for payment. An insurer is a company selling the...
company. Its initial focus was on computer-related training, and training in medical fields was added later. The schools were acquired in 2004 for the price of one dollar by a partnership of private equity
Private equity
Private equity, in finance, is an asset class consisting of equity securities in operating companies that are not publicly traded on a stock exchange....
firm Great Hill Partners and the High-Tech Institute
High-tech institute
Anthem Education Group, formerly known as High-Tech Institute, Inc., is the parent company of a collection of for-profit career college campuses around the United States under the names High-Tech Institute, Anthem Career College, Anthem College, Anthem College Online, Anthem Institute, Morrison...
, a network of similar technical schools based in Phoenix, Arizona
Phoenix, Arizona
Phoenix is the capital, and largest city, of the U.S. state of Arizona, as well as the sixth most populated city in the United States. Phoenix is home to 1,445,632 people according to the official 2010 U.S. Census Bureau data...
. Chubb Corporation recognized a $31 million loss from the sale. The new owners reportedly invested millions of dollars in the schools, which recorded operating losses of $9 million in 2005.
As of August 31, 2008, the chain was renamed the Anthem Institute. Prior to that date, the location in Chicago
Chicago
Chicago is the largest city in the US state of Illinois. With nearly 2.7 million residents, it is the most populous city in the Midwestern United States and the third most populous in the US, after New York City and Los Angeles...
had been renamed to Banner Institute in January 2006, and the location in Arlington, Virginia, had been christened Banner College. Banner College in Virginia closed in August 2008 after ten years of operation there.
On March 19, 2009, the Anthem Institute's parent company, High-Tech Institute, Inc./TCI Education, Inc., and its family of schools began to operate under the umbrella name of Anthem Education Group (AEG). The company operates Anthem College, Anthem College Online, Anthem Institute, The Bryman School of Arizona, Morrison University, Allied College and High-Tech Institute. The schools offer diplomas, associate's, bachelor's and master's degrees, depending upon each separate school.
Program offerings
- CAD/Drafting technology
- Computer networking and securityComputer securityComputer security is a branch of computer technology known as information security as applied to computers and networks. The objective of computer security includes protection of information and property from theft, corruption, or natural disaster, while allowing the information and property to...
- Graphic designGraphic designGraphic design is a creative process – most often involving a client and a designer and usually completed in conjunction with producers of form – undertaken in order to convey a specific message to a targeted audience...
and AnimationAnimationAnimation is the rapid display of a sequence of images of 2-D or 3-D artwork or model positions in order to create an illusion of movement. The effect is an optical illusion of motion due to the phenomenon of persistence of vision, and can be created and demonstrated in several ways... - Massage therapyMassageMassage is the manipulation of superficial and deeper layers of muscle and connective tissue to enhance function, aid in the healing process, and promote relaxation and well-being. The word comes from the French massage "friction of kneading", or from Arabic massa meaning "to touch, feel or handle"...
- Medical assistant
- Medical billing and coding
- Surgical technology
Locations
- Cherry Hill, New JerseyCherry Hill, New JerseyCherry Hill is a township in Camden County, New Jersey, in the United States. As of the 2010 United States Census, the township had a population of 71,045, representing an increase of 1,080 from the 69,965 residents enumerated during the 2000 Census...
- Jersey City, New JerseyJersey City, New JerseyJersey City is the seat of Hudson County, New Jersey, United States.Part of the New York metropolitan area, Jersey City lies between the Hudson River and Upper New York Bay across from Lower Manhattan and the Hackensack River and Newark Bay...
- North Brunswick, New Jersey
- Las Vegas, NevadaLas Vegas, NevadaLas Vegas is the most populous city in the U.S. state of Nevada and is also the county seat of Clark County, Nevada. Las Vegas is an internationally renowned major resort city for gambling, shopping, and fine dining. The city bills itself as The Entertainment Capital of the World, and is famous...
- Parsippany, New Jersey
- New York, New York
- Springfield, PennsylvaniaSpringfield Township, Delaware County, PennsylvaniaSpringfield Township, or simply Springfield, is a township and a Census Designated Place in Delaware County in the U.S. state of Pennsylvania. The population was 23,677 at the 2000 census...
External links
- Anthem Institute official site
- Anthem Education Group (parent company)