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.

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