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.
