Anthem Education Group (formerly The Chubb Institute) was a Florida-based organization that operated a chain of for-profit, technical schools in the United States, called Florida Career College.
[1] International Education Corporation (IEC) now holds all Anthem Education Group liabilities[2] The organization was founded in 1970 (55 years ago) (1970) as The Chubb Institute, the employee training arm of the Chubb Corporation, an insurance company.
Facing lawsuits and financial losses, Chubb Corporation put the school for sale in 2004 and eventually sold it for $1 to a partnership of private equity firms called Great Hill Partners and the High-Tech Institute, a network of similar technical schools based in Phoenix, Arizona.
[6] By 2010, the colleges were being operated by the Anthem Education Group, a company owned by Great Hills Partners.
150 staff members were laid-off due to the closure, although plans were for IEC to re-hire many of former Anthem employees.