Inside Conversion from For-Profit CollegeMay 18, 2018 | :
by David Halperin
The once for-profit Art Institutes are now run by the non-profit, faith-based Dream Center. But they’re connected to the new Woz U and a web of for-profit companies — raising questions of conflict of interest and legal compliance.
On the phone, Brent Richardson, the CEO and co-chairman of the new non-profit Dream Center Educational Holdings LLC (DCEH), seemed to be losing patience.
DCEH was now running the Art Institutes (Ai), Argosy University, and South University — chains of career colleges, with about 60,000 students across the country, that it acquired in a $60 million deal last year from the troubled, collapsing for-profit college business Education Management Corporation (EDMC).