New Buyer for Myers U

Inside Higher Ed:

An Ohio judge who last month approved the sale of Myers University, to a group of people with ties to the for-profit University of Northern Virginia, is apparently reconsidering. The deal has been opposed by some as a takeover of the financially troubled Cleveland college. Now the judge is concerned that the purchasers don’t have enough cash, The Cleveland Plain Dealer reported, and he is considering proposals from two other entities. One is a consortium of school districts and job centers that wants to use Myers as a base to offer online college courses to high school juniors and seniors. The other entity is Knowledge Investment Partners, a private equity firm. Last year, the firm purchased the Schiller International University, which includes London City College and the American College of Switzerland.

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