Study-abroad company merges with UO to boost opportunities.Byline: Greg Bolt The Register-Guard A nonprofit A corporation or an association that conducts business for the benefit of the general public without shareholders and without a profit motive. Nonprofits are also called not-for-profit corporations. Nonprofit corporations are created according to state law. company that provides study-abroad programs is merging with the University of Oregon The University of Oregon is a public university located in Eugene, Oregon. The university was founded in 1876, graduating its first class two years later. The University of Oregon is one of 60 members of the Association of American Universities. , allowing both to expand opportunities for students to study at foreign schools. The merger makes Portland-based AHA AHA American Heart Association; American Hospital Association. International a self-supporting academic program of the UO. It will maintain its office in Portland, and its staff of 12 are now university employees. AHA International has existed since 1957 and has worked with the UO since 1977. The company arranges study programs - finding classrooms, hiring teachers, arranging home stays and excursions for students - for 30 universities in the Northwest, Midwest and Pennsylvania Pennsylvania (pĕnsəlvā`nyə), one of the Middle Atlantic states of the United States. It is bordered by New Jersey, across the Delaware River (E), Delaware (SE), Maryland (S), West Virginia (SW), Ohio (W), and Lake Erie and New York . Because of its merger with the UO, AHA students can earn academic credit through the university even if they're not from a university that participates in AHA programs. That will allow AHA to expand its offerings into new areas and make them more attractive to a wider audience of students. The UO will gain the ability to expand its own study-abroad programs and tailor them more closely to the university's needs, said Tom Mills, associate vice president for international programs at the UO. He said about 170 students a year take study programs arranged by AHA, making the UO the program's largest client. The AHA board approached the university two years ago about the possibility of a merger, seeing the move as the best way to position the company to expand. The university went through a lengthy "due diligence Research; analysis; your homework. This term has caught on in all industries, because it sounds so "wired." Who would want to do analysis or research when they can do due diligence. See wired. " process, including a full audit, to ensure it wasn't taking on a financial burden before asking the Oregon State Board of Higher Education The Oregon State Board of Higher Education is the statutory governing board for the Oregon University System. The board is composed of eleven members appointed by the Governor of Oregon and confirmed by the Oregon State Senate. to approve the merger, which became final last week. "We looked at it very carefully," said Mills. "Financially, they're very solid. We know they're a good program. We know they have a good administration." AHA makes enough money to cover its expenses, so the deal won't cost the university anything out of pocket. The company's reserve funds, real property and other assets other assets Assets of relatively small value. For financial reporting purposes, firms frequently combine small assets into a single category rather than listing each item separately. are being held by the UO Foundation for use by AHA programs. The newly absorbed company will continue to provide study-abroad programs for five private colleges in Oregon Oregon, city, United States Oregon, city (1990 pop. 18,334), Lucas co., NW Ohio, a suburb adjacent to Toledo, on Lake Erie; inc. 1958. It is a port with railroad-owned and -operated docks. The city has industries producing oil, chemicals, and metal products. and Washington, 10 in the Midwest Consortium for Study Abroad, 11 in the Northwest Council on Study Abroad and four in the Pennsylvania Colleges in Cologne Cologne (kəlōn`), Ger. Köln, city (1994 pop. 962,500), North Rhine–Westphalia, W Germany, on the Rhine River. It is a commercial, financial, and industrial center, a rail and road junction, and a river port. program. It offers a range of academic programs in 14 countries through partnerships with overseas universities. The UO will continue its own international programs office on campus, which offers 80 programs in more than 50 countries. Mills said the demand for foreign study programs remains strong, even in the wake of the Sept. 11 terrorist attacks. Enrollment in the UO programs has increased 124 percent in the past 10 years and hit 686 in the 2001-02 academic year. |
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