Corinthian Colleges Buys Arizona Academy

Corinthian Colleges Inc., owner of private post-secondary education facilities, said Tuesday that it has completed its purchase of the assets of an Arizona school’s assets, giving Corinthian a foothold in the Phoenix area.

The publicly traded Santa Ana company did not disclose financial terms of its purchase of Academy of Business Inc., which operates under the name Academy of Business College.

The academy is a regionally accredited school that offers degrees in accounting, criminal justice administration, legal assistance, office management and information technology.

Corinthian Colleges owns 44 colleges in 18 states, including 10 in California. It soon will open its 45th college, a previously announced branch campus in Jacksonville, Fla.