Career Education Inc. on Friday announced plans to shut nine colleges, seven of them part of the Katherine Gibbs chain, following a “teach out” period to help current students. A statement from Career Education said that the move was part of a previously announced strategy to focus on key areas, and that attempts to sell the colleges didn’t succeed. Supporters of New Hampshire’s McIntosh College, one of the institutions being shut down, are angry and frustrated, Seacoast Online reported.

Full Article at: http://phx.corporate-ir.net/phoenix.zhtml?c=87390&p=irol-newsArticle&ID=1108811&highligh

And read more on the local impact of these school closures at Insider Higher Education

http://www.insidehighered.com/news/2008/02/20/mcintosh