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Nobel buys Ohio preschool company for $15M

Nobel Learning Communities Inc., West Chester, today said it agreed to buy private-preschool operator Enchanted Care Learning Centers Inc. for $15 million.

Nobel Learning Communities Inc., West Chester, today said it agreed to buy private-preschool operator Enchanted Care Learning Centers Inc. for $15 million.

Enchanted Care runs nine preschools and six before- and after-school and camp facilities in the Columbus, Ohio, area. It expects 2007 revenue of $12 million.

With the acquisition, publicly traded Nobel will operate a total of 169 schools, plus Enchanted Care's six before- and after-school facilities in 14 states.

The deal announced today is expected to close within 60 days, Nobel said.

Nobel shares were up 48 cents, or 3.8 percent, to $13.12 in midday Nasdaq trading.