Thread regarding Dream Center Education Holdings, LLC (DCEH) layoffs

How buying the Art Institutes brought Dream Center to the brink of collapse

"As of late December, DCEH and its subsidiaries owed trade creditors $41 million and were obligated to pay nearly $11 million in rent across 69 properties, DCEH Chairman Randall Barton said in court papers. Also by that time, DCEH universities faced nine evictions, received 15 default notices from landlords and owed $46 million on a loan going back to the purchase of EDMC's college assets, including the Art Institutes, Argosy University and South University."

https://www.educationdive.com/news/how-buying-the-art-institutes-brought-dream-center-to-the-brink-of-collapse/546627/

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| 1291 views | | 3 replies (last January 23, 2019) | Reply
Post ID: @OP+XgQ56Rm

3 replies (most recent on top)

Only possible way that thosw dceh schools could stay open is being bought up.

Sorta similar to kaplan being bought by purdue for $1, and then purdue taking on their debt.

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Post ID: @aag+XgQ56Rm

All of the schools that stayed with DCeH will unfortunately all be closed. That is what was told to us by our superiors.

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Post ID: @zqs+XgQ56Rm

Will any of the DCEH owned schools stay open?

The Art Institute of California – Hollywood (Western Association of Schools and Colleges)

The Art Institute of California – San Diego (Western Association of Schools and Colleges)

The Art Institute of Las Vegas (ACICS, show cause)

The Art Institute of Pittsburgh (Middle States, show cause)

The Art Institute of Pittsburgh – Online Division

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Post ID: @lzj+XgQ56Rm

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