Part of this has to do with ability to retain accreditation. EDMC was not up front about the actual debt and it would have collapsed DCEH. The Federal government is involved and is requiring the debt to be handed to try to salvage the schools. If they can't then they will close. That is why they brought in independent companies to try to manage the EDMC debt inherited by DCEH. Had they not spread it out, a total collapse would happen.
I believe the independent owners of each brand will try to salvage the schools. Try is the word. There is no guarantee. DCEH will have to reduce overhead of buildings/ leases and consolidate them because is it missions of dollars of debt.
The shared assets company seems to be keeping centralized staff that knows the systems and people with seniority to run the operations. The problem of course is with lack of communication and uncertainty, the abrupt way the government (or whoever did the layoff) handled our co-workers, the central staff are all job hunting. To have loyalty to the new leadership at this point could mean being laid off at any point with no severance. There are some still here for students but it is at financial peril.
All involved are in a difficult situation. ECMC left us with a disaster. All of us are suffering.