Anthem Institute in North Brusnwick, NJ
Anthem Institute was founded in 1970 as The Chubb Institute, the employee training arm of the Chubb Corporation, an insurance 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.
Anthem Education of Phoenix, Arizona, was originally founded in 1965 as the Electronic Institute of Arizona, and was purchased by Dennis and Marilyn Pobiak (owners until July 13, 2007) in 1982. In 1989, High-Tech Institute, Inc. acquired The Bryman School of Arizona, also in Phoenix. In 2003, Allied College of St. Louis, Missouri was acquired by High-Tech Institute. Allied College is accredited by the Accrediting Bureau of Health Education Schools. The two St. Louis Allied College campuses were renamed Anthem College in 2010. In 2002, High-Tech Institute started their online campus, Anthem College Online.
In 2004, The Chubb Institute was acquired by High-Tech Institute and renamed to Anthem Institute in 2008. High-Tech Institute, Inc./TCI Education, Inc. began doing business as (DBA) Anthem Education in March 2009. Morrison University of Reno, NV, founded in 1902, became part of Anthem Education schools in 2009. In 2010, the campuses in Sacramento, Milwaukee, Minneapolis, Orlando, St. Louis and Kansas City were renamed Anthem College; The Las Vegas campus was renamed Anthem Institute; and the campuses in Nashville and Memphis were renamed Anthem Career College.