Beal University

What Beal University does

Beal University is a private for-profit educational institution founded in 1891 as Bangor Business College in Bangor, Maine. The university offers 32 accelerated programs across seven fields of study (Addiction Counseling & Mental Health, Business, Cannabis, Cybersecurity, Health Sciences, Nursing, and Welding), spanning diploma through master's level credentials. Its core technology is a proprietary Mod System that divides the academic year into six 8-week mini-semesters delivered year-round through Canvas LMS, supporting online, hybrid, and on-ground formats at campuses in Bangor (headquarters) and Wilton, Maine.

The university's portfolio is anchored in healthcare credentials (Practical Nursing, ADN, BSN, RN-BSN, MSN, MSN-FNP, HIT, HIM, Healthcare Sciences, Biomedical Science, MPH, MHA, MS-CMHC), augmented by business and cannabis programs and a Welding Technology track delivered on-campus only. CAHIIM accreditation covers Health Information Technology and Health Information Management programs (reaffirmed through 2030-2031), while the Associate Degree in Nursing holds NLN CNEA initial accreditation and the Practical Nursing program holds pre-accreditation status, qualifying graduates for the relevant licensure and certification examinations.

Beal operates a direct-to-consumer B2C model targeting adult learners, career-changers, and working professionals. Revenue is generated primarily through tuition (undisclosed publicly) for diploma, associate, bachelor's, and master's programs, augmented by application/exam fees ($30 application, $50 nursing, $150 proficiency, $30 MA) processed via PayPal. Acquisition channels include the website, online readiness quizzes, virtual info sessions, admissions representative outreach, and an employer-partnered scholarship program with five major Maine healthcare systems. Programs are delivered to U.S. learners in all states except California.

Name

Beal University

Legal name

Beal University

Website

https://beal.edu

Company type

Private

Founded year

1891

Operating status

Operating

Headcount range

11–50 employees

Short description

Beal University is a private for-profit institution founded in 1891 in Bangor, Maine, offering 32 accelerated diploma-through-master's programs across seven fields via an 8-week Mod System delivered online, hybrid, and at Maine campuses to adult learners and career-changers.

Ownership category

akta.pro rank

Product category

Higher Education

NAICS

Educational Services (61), Technical and Trade Schools (6115), Professional and Management Development Training (611430), Business and Secretarial Schools (61141)

SIC

Services-Educational Services (8200)

akta.pro primary industry

College-Level Core Subject Tutoring (Gen Ed: Math, Writing, Sciences, Humanities) (EDANAAAJ)

akta.pro secondary industry

Undergraduate (First-Year) Admissions Counseling (EDANAEAA)

Keywords

• Accelerated degree programs
• Online higher education
• Nursing education
• Healthcare training
• Career-focused education

Headquarters

HQ city

Bangor

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. Tuition and Academic Program Fees: Beal University generates revenue primarily through tuition charged for diploma, associate, bachelor's, and master's degree programs. Tuition is not publicly listed; prospective students contact admissions for pricing. The accelerated Mod system (8-week courses year-round) allows continuous revenue generation across 6 mini-semesters annually.
2. Application and Exam Fees: Fees for specific services: Application Fee ($30.00 USD), Nursing Exam Fee ($50.00 USD), Proficiency Exam Fee ($150.00 USD), MA Exam Fee ($30.00 USD). These are one-time fees collected at specific stages of the enrollment or program process.
3. Scholarships and Financial Aid: Beal University administers institutional scholarships such as the $2,500 Maine Hospital Employee Scholarship (50 awards available), as well as federal and state financial aid. Scholarship funds are applied as tuition discounts and do not represent revenue but serve as a student recruitment and retention mechanism.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels8 records

Core offering

Beal University is a private, for-profit institution offering 32 accelerated diploma, associate, bachelor's, and master's degree programs across seven fields: Addiction Counseling & Mental Health, Business, Cannabis, Cybersecurity, Health Sciences, Nursing, and Welding. Programs are delivered via a proprietary Mod System of 8-week courses across six mini-semesters per year, available 100% online, hybrid, or on-ground at campuses in Bangor and Wilton, Maine. The institution prepares students for professional licensure and certifications such as NCLEX-PN, RHIT, RHIA, and AHIMA credentials.

Product overview

Beal University is an accelerated educational institution offering 32 programs across 7 fields of study from diploma to graduate degree levels. The portfolio includes degree programs in Addiction Counseling & Mental Health (Diploma, A.A.S., B.S., MS-CMHC), Business Administration (A.A.S., B.S., MBA, MPA, MPH), Cannabis & Medicinal Plant Sciences (Diploma, A.A.S., B.S.), Cybersecurity (Diploma, A.A.S., B.S.), Health Sciences (Medical Billing & Coding, Health & Wellness, Health Information Technology, Healthcare Sciences, Biomedical Science, Health Information Management, MHA), Nursing (Practical Nursing, ADN, RN-BSN, BSN, MSN, MSN-FNP), and Welding Technology (Diploma, A.A.S.). Programs utilize an 8-week modular system with 6 start dates per year. Core educational delivery is through Canvas LMS, supported by integrated library databases (EHOST, Academic Search Complete, CINAHL) and LibGuides. Student services include online payment processing via PayPal, bookstore, and library resources. Programs are offered primarily online with hybrid options, except Welding Technology which is on-campus only.

Differentiator

Problem solved

Functional benefit

Products and services

• Clinical Mental Health Counseling (MS-CMHC) Master of Science in Clinical Mental Health Counseling preparing students for counseling practice with individuals, couples, families, and groups; 22-month duration, 100% online.
• Master of Business Administration (MBA) Online MBA program for working professionals seeking leadership roles or career transitions; core courses include Financial Statement Analysis, Ethical Leadership, and Strategic Planning.
• Master of Public Administration (MPA) Master's degree in Public Administration preparing students for leadership in the public sector, emphasizing policy analysis, program evaluation, budget management, and ethical leadership.
• Master of Public Health (MPH) Master's program focused on disease prevention, health promotion, and healthy community development; available 100% online.
• Master of Healthcare Administration (MHA) Graduate program preparing students for leadership in healthcare organizations, focusing on operations, strategic management, population health, and quality improvement.
• Business Administration (B.S.) Bachelor of Science in Business Administration covering strategic planning, finance, international business, and project management; 40-month program.
• Accounting (A.A.S.) Associate of Applied Science in Accounting covering accounting principles, computerized accounting, intermediate accounting, and managerial accounting; 20-month online program.
• Business (A.A.S.) Associate of Applied Science in Business covering accounting, marketing, economics, and business law fundamentals.
• Medicinal Plant Sciences (B.S.) Bachelor of Science in Medicinal Plant Sciences covering physical, chemical, and biological sciences with cannabis-specific instruction; 34-month program.
• Cannabis Sciences (A.A.S.) Associate of Applied Science in Cannabis Sciences covering cultivation, testing, and extraction methodologies with foundations in biological, chemical, and plant sciences.
• Cannabis Business Administration (A.A.S.) Associate of Applied Science in Cannabis Business Administration combining accounting, law, marketing, ethics, and management with cannabis-specific instruction.
• Cannabis Business Operations Diploma program covering cannabis business operations, cultivation, testing, extraction, and dispensary operations; 10-month program.
• Cybersecurity (B.S.) Bachelor of Science in Cybersecurity covering risk management, biometric systems, security technology, and advanced information security; 40-month, 100% online program.
• Cybersecurity (A.A.S.) Associate of Applied Science in Cybersecurity covering network security, digital forensics, and ethical hacking; 20-month, 100% online program.
• Cybersecurity (Diploma) Diploma program in Cybersecurity covering information security and systems analysis; 10-month, 100% online program.
• Health Information Technology (A.A.S.) CAHIIM-accredited Associate of Applied Science in Health Information Technology preparing graduates to manage health information and electronic health records (EHRs).
• Health Information Management (B.S.) CAHIIM-accredited Bachelor of Science in Health Information Management integrating healthcare, technology, and business; includes a 40-hour externship and AHIMA exam preparation.
• Healthcare Sciences (B.S.) Bachelor of Science in Healthcare Sciences providing a foundational degree for healthcare industry entry in management and advocacy; 36-month program.
• Healthcare Sciences (A.A.S.) Associate of Applied Science in Healthcare Sciences with foundation in lab sciences and health sciences; 20-month program.
• Biomedical Science (B.S.)

Quantifiable outcome

• Health Information Technology program reports 94% Student Satisfaction, 100% Employer Satisfaction, 100% RHIT Exam Pass Rate, 100% Graduation Rate (Aug 2022 – Jul 2023)
• +5 more outcomes

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration6 records

Feature3 records

Partnerships

13 partnerships are on record, tiered core and secondary.

• Northern Light HealthcoreOthersNorthern Light Health is a major healthcare system in Maine and serves as an externship placement site for Beal University's Health Information Technology and Health Information Management students. Students complete clinical hours at Northern Light Health facilities as part of their degree requirements.
• MaineHealthcoreOthersMaineHealth is a prominent healthcare network in Maine providing externship opportunities for Beal University Health Information Technology students. The partnership gives students hands-on experience in one of Maine's largest healthcare systems.
• Penobscot Community Health CentersecondaryOthersPenobscot Community Health Center serves as an externship placement site for Health Information Technology and Health Information Management students, providing real-world experience in a community health setting.
• St. Joseph Health (St. Joseph Healthcare)secondaryOthersSt. Joseph Health is listed as an externship placement site for Health Information Technology students, offering clinical learning experiences in healthcare data management settings.
• Central Maine HealthcarecoreGTM or Marketing PartnerCentral Maine Healthcare is one of five Maine hospital systems eligible for Beal University's $2,500 scholarship program for Maine hospital employees. Employees of Central Maine Healthcare can receive tuition discounts when enrolling at Beal University.
• Maine General HealthcoreGTM or Marketing PartnerMaine General Health employees are eligible for Beal University's scholarship program for Maine hospital employees, providing a pathway for healthcare workers to pursue continuing education at discounted tuition.
• Northern Light HealthcoreGTM or Marketing PartnerNorthern Light Health employees are eligible for Beal University's $2,500 scholarship program for Maine hospital employees, supporting workforce development and continuing education for its staff.
• Covenant HealthcoreGTM or Marketing PartnerCovenant Health employees can access Beal University's scholarship program for Maine hospital employees, facilitating career advancement and credentialing for healthcare workers at Covenant Health facilities.
• MaineHealthcoreGTM or Marketing PartnerMaineHealth employees are eligible for Beal University's scholarship program for Maine hospital employees, enabling staff to pursue healthcare and other degree programs at reduced cost.
• CAHIIM (Commission on Accreditation for Health Informatics and Information Management Education)coreOthersCAHIIM is the accrediting body for Beal University's Health Information Technology (associate degree) and Health Information Management (bachelor's degree) programs. CAHIIM accreditation has been reaffirmed through 2030-2031 and qualifies graduates to sit for RHIT and RHIA certification exams.
• NLN CNEA (National League for Nursing Commission for Nursing Education Accreditation)coreOthersNLN CNEA has granted initial accreditation to Beal University's Associate Degree in Nursing program and pre-accreditation status to the Practical Nursing program. This accreditation validates nursing program quality and qualifies graduates for NCLEX licensure examinations.
• AHIMA (American Health Information Management Association)coreOthersAHIMA is the professional association for health information management professionals. Beal University's HIT and HIM programs prepare students for AHIMA certification exams including RHIT, CCA, CCS, CCS-P, CDIP, CHDA, CHPS, and RHIA. AHIMA also publishes salary surveys that Beal references.
• Canvas LMS (Instructure)coreTechnology or IntegrationCanvas is the Learning Management System (LMS) used by Beal University for all online and hybrid course delivery. Students access Canvas for coursework, grades, textbook information, and library resources. The platform supports Beal's 100% online programs.

Scale indicators9 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• Southern New Hampshire University: SNHU is a large private nonprofit university with one of the largest online enrollment footprints in the U.S., offering accelerated undergraduate and graduate programs across business, healthcare, IT, and counseling. Comparable to Beal in modality (online, accelerated) and program breadth, but materially larger in scale, brand recognition, and geographic reach.
• University of Phoenix: University of Phoenix is one of the largest for-profit online universities in the U.S., offering accelerated programs across business, healthcare, IT, nursing, and counseling. Comparable to Beal in target audience (adult learners, career-changers), delivery model, and program mix; significantly larger and more nationally recognized.
• Western Governors University: WGU is a competency-based, nonprofit online university with six-month term structures and a tuition-flat pricing model that allows students to accelerate. Direct comparable to Beal's modular, accelerated, online model in IT, business, healthcare, and education, with substantially larger national scale.

Direct peers

• ECPI University: ECPI University is a for-profit career college offering accelerated programs in nursing, health sciences, cybersecurity, and business with year-round scheduling and on-ground/online options. Closely comparable to Beal in accelerated calendar, career-focused curriculum, and program mix in nursing, IT, and health sciences.
• DeVry University: DeVry University is a for-profit institution offering accelerated associate, bachelor's, and master's programs in healthcare, business, and technology with on-ground and online modalities. Comparable to Beal in accelerated structure, career-focused curriculum, for-profit status, and modular semester design.
• South College: South College is a private, for-profit institution offering accelerated associate, bachelor's, master's, and doctoral programs in nursing, healthcare, business, and IT across multiple campuses. Comparable to Beal in for-profit status, accelerated time-to-degree, healthcare/nursing emphasis, and multi-campus + online model.
• Purdue Global: Purdue Global is the for-profit online arm of Purdue University, offering accelerated associate, bachelor's, and master's programs in nursing, business, IT/cybersecurity, and health sciences. Closely comparable to Beal in program mix, for-profit status, and online-first delivery, with a stronger institutional brand.
• Capella University: Capella University is a for-profit online university offering degrees in business, healthcare, IT, counseling, and public administration, with FlexPath self-paced options that enable acceleration. Closely comparable to Beal in for-profit status, online delivery, and program portfolio across healthcare, business, and IT.
• Sullivan University: Sullivan University is a private, for-profit institution offering accelerated career-focused programs in nursing, business, IT, and culinary/health sciences with year-round scheduling. Comparable to Beal in for-profit status, accelerated modular calendar, healthcare/nursing focus, and adult-learner target audience.
• Herzing University: Herzing University is a for-profit, career-focused institution with strong nursing and healthcare programs and online/on-ground delivery across multiple U.S. campuses. Comparable to Beal in nursing/healthcare focus, accelerated formats, multiple campuses, and for-profit status.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/BealUniversity
• Facebookfacebook.com/bealuniversity
• LinkedInlinkedin.com/company/beal-university

Compliance8 records

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Beal University