The fire sale has begun. Corinthian Colleges Inc. disclosed on Monday that it hoped to sell all 12 of its Heald College campuses as part of its agreement with the U.S. Department of Education to “teach out” some of the 107 colleges it owns in the United States and Canada, and sell the rest. It is required to detail its full intentions on Tuesday.
In a filing with the Securities and Exchange Commission on Monday, the financially embattled company said that its Board of Directors approved last week a plan to sell the Heald campuses, which are regionally accredited and considered by many to be Corinthian’s most valuable asset. The filing notes that the company “has not yet secured a buyer for all or any subset” of the Heald campuses.
We're sorry. Something went wrong.
We are unable to fully display the content of this page.
The most likely cause of this is a content blocker on your computer or network.
Please allow access to our site, and then refresh this page. You may then be asked to log in, create an account if you don't already have one, or subscribe.
If you continue to experience issues, please contact us at 202-466-1032 or help@chronicle.com