How Dream Center's higher ed bid went off the rails - Ben Unglesbee, Education Dive

In the fall of 2017, the faith-based nonprofit Dream Center Foundation entered the higher education world when it acquired the college assets of the for-profit Education Management Corp. (EDMC). The deal included the Art Institutes, a chain of for-profit art colleges that traces its roots back nearly a century. The deal was a disaster, almost from the moment the ink dried. Enrollment and revenue fell far short of EDMC's projections, and Dream Center lost accreditation for some of its schools. By the end of 2018, Dream Center Education Holdings (DCEH), a nonprofit set up to manage the acquired colleges, was facing insolvency and looking to get rid of most of its higher ed assets. https://www.educationdive.com/news/timeline-how-dream-centers-higher-ed-bid-went-off-the-rails/550339/