Closures and Mergers: Page 5

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    SDI Productions via Getty Images
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    Column // Merger Watch

    College officials considering mergers need to have sufficient resources

    Expenses can range from merging information technology departments to updating signage — and they materialize before any gains do.

    By Ricardo Azziz • Oct. 27, 2023
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    The image by Jwrandolph is licensed under CC BY-SA 3.0
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    Judge dismisses Birmingham-Southern’s lawsuit over denied $30M state loan

    The college wanted a court order forcing the state treasurer to issue the funding, saying it would likely close without emergency relief.

    By • Updated Oct. 25, 2023
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    meanmachine77 via Getty Images
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    Lincoln Christian University to close in May

    The Illinois institution plans to transfer its seminary school to Ozark Christian College, just over 400 miles away in Missouri.

    By • Oct. 12, 2023
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    Drobot Dean / Adobe Stock

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    Column // Merger Watch

    What qualities do college leaders need to lead major institutional restructuring?

    While traits like courage may be more innate, other key skills can be learned, writes Ricardo Azziz, an expert in corporate restructuring in higher education

    By Ricardo Azziz • Sept. 29, 2023
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    meanmachine77 via Getty Images
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    Art Institutes to close all remaining colleges

    The abrupt announcement brings an end to a career college chain that has struggled financially over the past decade.

    By • Sept. 25, 2023
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    Retrieved from Highsmith, Carol M..
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    Alderson Broaddus files for bankruptcy in preparation for closure

    The university also surrendered its accreditation with the Higher Learning Commission. 

    By • Sept. 1, 2023
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    PeopleImages via Getty Images
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    Cox College to close and transition operations to new healthcare education alliance

    The private Missouri nonprofit is shuttering sometime after the spring 2025 term and folding into an alliance with other colleges and a public school system.

    By • Sept. 1, 2023
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    Retrieved from Hodges University on August 28, 2023
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    Hodges University to close by August 2024

    The small, private nonprofit college in Florida attributed the decision to recent enrollment challenges and financial difficulties.

    By • Aug. 28, 2023
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    "Cabrini University Mansion" by Cabrini University is licensed under CC BY 2.0
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    Column // Merger Watch

    Are faith-based colleges in trouble? It depends.

    Recent closures of religiously affiliated colleges have raised alarm, but these institutions can be under vastly different enrollment and financial pressures. 

    By Ricardo Azziz • Aug. 14, 2023
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    meanmachine77 via Getty Images
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    How many college closures are on the horizon?

    More institutions may shut down as operating expenses increase and demographics shift, higher ed experts say.

    By • Aug. 9, 2023
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    The image by Corey Coyle is licensed under CC BY 3.0
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    Cardinal Stritch University campus purchased for $24M

    The Ramirez Family Foundation, which promotes Christian education, bought the property after the institution closed in May.

    By • Aug. 2, 2023
  • A close-up sign of Alderson Broaddus University.
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    Retrieved from Alderson Broaddus University on July 14, 2023
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    Alderson Broaddus University loses state operating approval, portending closure

    Financial and leadership issues have plagued the Baptist-affiliated institution in West Virginia for months.

    By • Aug. 1, 2023
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    DenisTangneyJr/iStock via Getty Images
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    Column // Merger Watch

    Is government support for distressed colleges a good thing?

    Alabama lawmakers bailed out Birmingham-Southern College. Ricardo Azziz, principal at a higher ed consultancy, explores whether this type of move is wise.

    By Ricardo Azziz • July 19, 2023
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    FilippoBacci via Getty Images
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    New York’s King’s College cancels fall classes — but remains open for now

    The financially struggling Christian institution also lost its accreditation, but is appealing the decision.

    By • July 18, 2023
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    GNU Free Documentation License

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    Johnson University will close its Florida campus next June

    The Christian institution said it faced years-long operating deficits and enrollment competition from two-year and public colleges.

    By • July 12, 2023
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    The image by Michael Shade is licensed under CC BY 1.0
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    Calvin University to acquire Compass College of Film & Media

    The Christian institutions, both in Michigan, will finalize their merger in fall 2023, pending approval from regulators.

    By • July 7, 2023
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    halbergman via Getty Images
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    Wisconsin governor vetoes plan to combine university system campus, technical college

    Gov. Evers shot down the proposal Wednesday, saying it unfairly singled out the colleges and overstepped the legislature’s purview.

    By • July 6, 2023
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    FilippoBacci via Getty Images
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    Alliance University to close in August

    The struggling Christian institution made the decision after MSCHE pulled its accrediation following years of poor finances.

    By • July 5, 2023
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    halbergman via Getty Images
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    Wisconsin budget proposal would consolidate UW-Milwaukee branch campus with technical college

    The university’s Washington County campus would combine with nearby Moraine Park Technical College if the budget proposal passed. 

    By • June 26, 2023
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    VisualArtStudio via Getty Images
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    For-profit Hussian College abruptly shuts down

    The institution, which has not publicized the closure, has campuses in four states, as well as online programs.

    By • June 23, 2023
  • Miguel Cardona
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    Chip Somodevilla via Getty Images
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    Column // Merger Watch

    New federal policy injects delay and uncertainty into merger process

    The Education Department’s new guidance could make mergers take longer, argues Ricardo Azziz, principal at a higher ed consultancy. 

    By Ricardo Azziz • June 23, 2023