While you people are still believing ECMC Hawn and clan were meeting in Tampa the last couple weeks figuring out which campuses to teach out and which employees to RIF.
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It's close to 200m dollars so far.
The loss is in the education. It is over priced and covered up with sales.
It isn't hundred of millions in loses. There is a loss but I am positive it isn't hundreds of millions.
It's a proven fact that Hawn restructures Zenith Education every 3 months. The number of teach outs and RIFs are a moving target dependant on enrollment numbers, student population and short term enrollment projections. Even non-profit businesses have to bring in more money than they spend. It's been 12 months and Zenith is still being bankrolled by ECMC to cover the hundreds of millions in losses it has racked up. They have to put together a teach out plan for each campus and present it to the DOE and accreditation board for approval which takes time.