Carleton Medical Insurance, which has a 25% stake in Medical Insurance Group, has announced that it has sought to take the company private.
The new chief financial officer, Thomas D. J. Hildebrand, will take over the reins at the end of the month after former Carleton vice-president, and Carleton University President, Peter Loughran was elected president.
The move comes as Carleton has suffered from a significant drop in enrolments.
It is the first time in the last 10 years that Carleton’s enrolment has been lower than the province’s.
The news comes on the same day as a similar move by the University of Calgary, where Carleton is taking a similar approach to the Medical Insurance Company of Canada.
Hildabrand said in a statement the company is committed to helping the university’s graduates find jobs.
“We believe our success and the health and well-being of our students is of the utmost importance to us,” he said.
“Carleton University is a highly regarded institution, and we are committed to providing our students with a quality education.”
J.P. Hildegaard, Carleton Vice-President, University of Alberta, said in an interview with CBC News that the new CEO’s appointment is good news.
“I’m excited to see the university as it stands today, but it’s not just Carleton,” he told the news agency.
Hildegasd said the move would be beneficial to Carleton and its students. “
This is a step in the right direction, it’s a step towards a new chapter in Carleton.”
Hildegasd said the move would be beneficial to Carleton and its students.
“There is so much of the university community that has invested in the university,” he added.
“It’s not a matter of taking the university private, but taking it into the private sector, where it can grow.”