SCHAUMBURG, Ill.--(BUSINESS WIRE)--
Career Education Corporation (NASDAQ: CECO) today announced that it has
closed on an agreement transferring control of Brooks Institute, one of
its Career College institutions, to gphomestay, a global leader in
providing international education opportunities for students. Terms of
the agreement were not disclosed.
Brooks Institute, located in Ventura, California, with a satellite
campus and public gallery in Santa Barbara, has been providing high
quality visual arts and communications education to students for nearly
70 years. Gphomestay anticipates there will be no change to the name of
the institution, and current students and alumni should expect few to no
changes in their college experience or student services.
In the interest of building global citizens, gphomestay works with a
network of schools around the world to facilitate exchange programs and
other cross-cultural connections for students of all ages. Gphomestay’s
acquisition of Brooks from Career Education Corporation intends to help
gphomestay meet the surge in demand by both domestic and international
students seeking high-quality educational opportunities in creative
fields like photography, filmmaking, graphic design and other media arts.
“We are pleased to have reached a mutually beneficial agreement with a
new owner that intends to invest in strengthening Brooks Institute’s
programs and protecting the long-term interests of its students and
faculty members,” said Ron McCray, Chairman and Interim CEO of Career
Education Corporation. “Gphomestay fulfills those criteria while also
planning to continue to honor the visual arts legacy of Brooks
Institute, creating a brighter pathway for the future of the school.”
This sale is part of Career Education’s strategy to focus its resources
and attention on its universities – Colorado Technical University (CTU)
and American InterContinental University (AIU) – where the company has
significant opportunities to continue to provide quality higher
education to the adult student market.
“No matter the ownership, the faculty and staff of Brooks Institute
remain committed to helping students become professionals who are
well-equipped to tackle the complex and changing demands in the visual,
new media, and communication arts. This change also represents an
outstanding opportunity for us to expand the reach of our institution
nationally and internationally,” said Toni Johnson, Interim President
and Director of Academic Affairs for Brooks Institute.
“Gphomestay values the reputation of Brooks Institute and is dedicated
to ensuring Brooks’ students receive the highest quality educational
experience,” said Christine Lin, Founder and President of gphomestay.
“Our organization has a history of increasing international enrollments
in American private high schools, colleges and universities. We see
strong opportunities to build a more diverse, international student
population at Brooks Institute, while simultaneously collaborating with
Brooks’ esteemed faculty to provide students with the skills needed for
prosperous careers long after graduation. ”
Brooks Institute remains accredited by the Accrediting Council of
Independent Colleges and Schools (ACICS) and is currently in candidacy
with the Western Association of Schools and Colleges (WASC).
About Career Education Corporation
The colleges, institutes and universities that are part of the Career
Education Corporation (“CEC”) family of schools offer Career Education’s
academic institutions offer a high-quality education to a diverse
student population in a variety of disciplines through online, on-ground
and hybrid learning programs. Our two universities – American
InterContinental University (“AIU”) and Colorado Technical University
(“CTU”) – provide degree programs through the master’s or doctoral level
as well as associate and bachelor’s levels. Both universities
predominantly serve students online with career-focused degree programs
that meet the educational demands of today’s busy adults. AIU and CTU
continue to show innovation in higher education, advancing new
personalized learning technologies like their intellipath™ adaptive
learning platform that allow students to more efficiently move toward
earning a degree by receiving course credit for knowledge they can
already demonstrate. Career Education is committed to providing
high-quality education that closes the gap between learners who seek to
advance their careers and employers needing a qualified workforce.
A detailed listing of individual campus locations and web links to
Career Education’s colleges, institutes and universities can be found at www.careered.com.
About Brooks Institute
Brooks
Institute celebrates 69 years of educating students in the visual
and media arts. With campuses in Santa Barbara and Ventura, Calif., the
school offers bachelor’s degrees in fields including professional
Photography, Graphic Design, Film and Visual Journalism and an MFA in
Photography. The school is accredited by the Accrediting
Council for Independent Colleges and Schools (ACICS). ACICS is a
national accrediting agency recognized by the United
States Department of Education. Brooks Institute has been recognized
as a Candidate for Accreditation by the Accrediting Commission for
Senior Colleges and Universities of the Western Association of Schools
and Colleges (WASC). This status is a preliminary affiliation with the
Commission awarded for a maximum period of four years. Candidacy is an
indication that the institution is progressing toward Accreditation.
Candidacy is not Accreditation and does not ensure eventual
Accreditation. Find employment rates, financial obligations and other
disclosures at www.brooks.edu/disclosures.
Brooks Institute cannot guarantee employment or salary and is part of
the Career
Education Corporation network of schools (NASDAQ: CECO). For more
information about Brooks Institute and the school’s programs, visit www.brooks.edu
or call 805-697-6925.
About gphomestay
Gphomestay is an educational solutions provider that offers
on-the-ground support for international student programs at high schools
and colleges across America. In collaboration with its over 150 partner
schools, gphomestay is committed to connecting ambitious international
students with dedicated American host families to enhance students’
holistic educational experience. Since its founding in 2011,
gphomestay’s worldwide network has helped hundreds of students from
around the globe gain a unique and rewarding educational experience.
Gphomestay is a Council
on Standards for International Travel (CSIET) approved organization.
To learn more about gphomestay, visit www.gphomestay.com.
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Career Education Corporation
Mark Spencer, 847-585-3802
[email protected]
Source: Career Education Corporation