MAINT STREET: The Art of the Deal: ECMC’s February Closing Date May Not Include All Corinthian Campuses
Career College Central Summary:
With Education Credit Management Corp. (ECMC) trying for a February close on its deal to buy Corinthian College’s campuses, questions remain about which ones—and how many—could be left out.
ECMC, through its newly created non-profit company, Zenith Education, announced the purchase of 56 of Corinthian’s 108 campuses for $24 million in November. Closing dates of January 5 and January 12 have been missed. While Corinthian says this outcome was not unforeseen, it can’t promise that it will hit the new date—February 2.
Click through to read the full article.