KKR has demanded bios/CV's from ALL Campus Presidents and Deans along with the organization chart for all campuses. No red flag there...lol
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Why is Sacramento flying under the radar? Its a small school, newly open and a very small city. That should be an easy close. Besides, Sacramento is a pit, no one moves there to go to art school. Davis is a different story because its UC campus that produces results not profit.
The folks that had their CV's requested might share with you...reach out to your dean or President...KKR is not going to submit on here...
Anyone have email From KKR about this? Documentation ? Please share
San Francisco has struggled since it opened. No surprise there. Newer campuses and branches include: Houston North, Charleston, Dulles, Fort Worth, Jacksonville, Troy MI, Charleston, Nashville, Tinley Park, Tucson. The oldest of these are about 8 years old.
I agree some of the schools have been around for 15 years of so... but you need to face reality. Its a business decision. The current management failed to make the "hard" decisions when they needed to (case in point NYC, NEiA and YORK)..... That's why management should be handed a check and shown the door, without saying thank you.
KKR will do it what needs to be done its been a long time coming. There might not be much left standing but what remains will be made profitable.
I agree some of the schools have been around for 15 years of so... but you need to face reality. Its a business decision. The current management failed to make the "hard" decisions when they needed to (case in point NYC, NEiA and YORK)..... That's why management should be handed a check and shown the door, without saying thank you.
KKR will do it what needs to be done its been a long time coming. There might not be much left standing but what remains will be made profitable.
Some of the schools on this list have been around for 15 years or so.
Phoenix has a 50% drop in revenue, why would EDMC be anything significantly different. The entire sector is on a steep downhill slide...
If accurate, this wipes out most of the crazy expansion era schools and some acquisitions like New England, New York, Tucson. Colorado was part of the original EDMC group of schools, I think.
Well here's another take on for-profit education
http://money.cnn.com/2015/03/25/investing/university-of-phoenix-apollo-earnings-tank/index.html
Where was that list?
If those numbers are even close 18 out of 51 thats 35%