Dream Center Education Holdings Completes Transition of Remaining Art Institutes Locations to Nonprofit Institutions
PITTSBURGH, Jan. 20, 2018 -- Dream Center Education Holdings, LLC (DCEH) is pleased to announce the completion of the transfer of assets of The Art Institutes system of schools to non-profit institutions under its ownership.
Today, the remaining Art Institutes campuses that are part of the acquisition, which are The Art Institute of Pittsburgh (including The Art Institute of Pittsburgh – Online Division), The Art Institute of Philadelphia, The Art Institute of Colorado, The Art Institute of Michigan, The Illinois Institute of Art – Chicago and The Illinois Institute of Art – Schaumburg transferred in ownership to DCEH. This marks the completion of the acquisition of substantially all of the assets of South University, Argosy University, Western State College of Law and The Art Institutes.
“We are thankful that our accreditors and regulatory agencies supported our vision to convert these schools to non-profit institutions,” said Brent Richardson, chief executive officer. “We look forward to seeing these institutions, which date back more than 100 years, to their future focused on their students and the communities they serve.”
Dream Center Education Holdings is now comprised of 62 campuses across the United States. The nonprofit organizations’ schools support more than 50,000 students and 10,000 employees and is dedicated to providing accessible, affordable, relevant and purposeful education.
Dream Center Education Holdings, LLC provides post-secondary education in the United States. Its educational institutions offer students the opportunity to earn undergraduate and graduate degrees and certain specialized non-degree diplomas in a broad range of disciplines, including business, culinary, design, education, fashion, health sciences, information technology, legal, media arts, and psychology and behavioral sciences. Dream Center Education Holdings, LLC, 1400 Penn Avenue, Pittsburgh, PA 15222 © 2018 Dream Center Education Holdings, LLC. Our email address is email@example.com.
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