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.