LGCY | Market Cap: $148.2M (07/13/26)
Industry:
Consumer Services

DESCRIPTION

Legacy Education is a California-based for-profit post-secondary education company that operates four accredited institutions — High Desert Medical College, Central Coast College, Integrity College of Health, and Contra Costa Medical Career College — across six campuses in the state. The company focuses exclusively on career-oriented healthcare training, offering programs ranging from short 9-week certificate courses to 130-week associate degree programs. Top programs include vocational and registered nursing, diagnostic medical sonography, MRI, surgical technology, and medical assisting. The target student is typically a young adult seeking a faster, more affordable path to healthcare employment than a traditional four-year college. Legacy generates revenue by enrolling students and charging tuition, with ending enrollment of 3,101 students as of June 30, 2025. Tuition ranges from roughly $3,000 for short certificate programs to ~$90,000 for longer associate degree programs. Roughly 80-88% of revenue flows through federal Title IV financial aid programs (Pell Grants and federal student loans), making Title IV eligibility central to the business model. The cost structure is primarily instructor and facility costs (~53-54% of revenue) and G&A (~30%), with operating leverage available as enrollment grows. Legacy has grown from one institution in 2010 to four today primarily through acquiring small, owner-operated healthcare career schools in California and integrating them into its operational infrastructure — a strategy it plans to extend into Nevada, Colorado, and New Mexico.

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