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Florida Coastal School of Law could close in August | Jax Daily Record | Jacksonville Daily Record jaxdailyrecord.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from jaxdailyrecord.com Daily Mail and Mail on Sunday newspapers.
Florida Coastal School of Law says a “procedural matter” resulted in its termination from the federal student loan program, triggering the process for closing the school. By direction of the American Bar Association, Florida Coastal submitted a teach-out plan May 7 that would allow the school to maintain its accreditation while its students are allowed to transfer to other accredited law schools to complete their education. Florida Coastal President and Dean Peter Goplerud said May 11 that the U.S. Department of Education terminated the law school’s participation in the federal student loan program in April when Sterling Capital Partners, the private equity firm that established the school, determined it could not sign the application because of legalities involving its status as a limited partnership. ....
Lifespan in another mega-merger It is official Lifespan has gobbled up one of the largest physician groups in Rhode Island with little attention. Lifespan, the largest hospital group in the state, has now acquired Coastal Medical in a deal the two healthcare entities have been working on for over a year. From For-Profit to Non-Profit The deal takes the for-profit off the tax roll according to multiple sources and documents filed with the state over a year ago. The acquisition of Coastal Medical by Lifespan seems to skirt the state’s regulatory structure as one is a hospital group and the other is a practice. Thus, there is no merger review as in the case of hospitals. ....
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