Cashing in on Kids

White Hat may cash in on 12 schools

two men shaking hands White Hat Management may sell off the management of 12 schools in Ohio. Who will they sell to? Pansophic Learning, a company started by Ron Packard, founder and former CEO of K12, Inc. Pansophic is a Virginia-based, for-profit operator.
The contracts give the management company as much as 95 percent of state funding for the 12 schools, which are on pace to receive $26.4 million this year to educate 3,286 students.
According to BloombergBusiness, Pansophic also may purchase the management of New York-based Mosaica Education, Inc. These two deals would make Pansophic Learning the "largest for-profit operator of Ohio charter schools, which has become a taxpayer-funded $1 billion private industry." Read more here and here from Doug Livingston.