"Adtalem Global Education today announced that it has signed an agreement to transfer ownership of Carrington College to San Joaquin Valley College, Inc."
https://www.marketwatch.com/story/adtalem-global-education-signs-agreement-to-transfer-ownership-of-carrington-college-2018-06-29?siteid=nbsh
The fire sale continues
Cogswell should have held out for more. Adhdtalem is paying $11.5 million to SJVC to take Carrington into the sunset...
Pay to take;
http://www.snl.com/Cache/c394068642.html
Cammy this is old news bro. Guess you no longer have your inside source
In other words, they're paying SJVC to haul it away...
Sounds similar to the DeVry-Cogswell deal. ATGE is just paying to have their garbage hauled away. It says, "No consideration will be paid to Adtalem at closing and Adtalem will deliver Carrington with sufficient working capital to further support Carrington’s future success."
Sell, give, or pay to take?