Dade Medical College announces immediate closing

Local major for-profit school, Dade Medical College, has closed up shop, following investigations for financial fraud, as well as low passing rates for license exams in nursing and physical therapy. Campus locations in Miami, Miami Lakes, Homestead, Hollywood and West Palm Beach are closed with immediate effect.

Majority owner Ernesto Perez issued an afternoon memo informing employees and students.

Perez once wielded enormous political power both locally and in Tallahassee. But amid heightened federal scrutiny and mounting debts, he was unable to keep his college from going out of business.

All six Dade Medical campuses, stretching from Homestead to Jacksonville, are affected. Also closing are the two campuses of Dade Medical’s smaller affiliate school, the University of Southernmost Florida.

Read more here: http://www.miamiherald.com/news/local/community/miami-dade/article41967387.html#storylink=cpy
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