What happened to that 'conceptual agreement' to acquire the now-indicted Newpoint Education Partners?
Just before the infamous Newpoint Education Partners vanished and left four financially troubled Pinellas charter schools to fend for themselves, its president crafted a press release announcing that a nonprofit with Alliance Education Services would acquire all of Newpoint's assets, including school management agreements.
But school staff, who were told by Newpoint executives to report to Alliance, and parents soon learned that Newpoint was still the management company of record for the school and that Alliance only had a "conceptual agreement" to acquire Newpoint.
Alliance, however, still pitched its management services to the board overseeing Windsor Preparatory Academy, East Windsor Middle Academy and Newpoint Pinellas Academy a few weeks ago and offered to help with the school's corrective action plan due into the state. Alliance representatives have not attended any Windsor board meetings recently.
So now that Newpoint and friends have been indicted on charges of grand theft, money laundering and aggravated white crime, where does Alliance stand?
Jennifer Lucas, Alliance Education Services' chief academic officer, sent this in response to an email containing a web link to the story of Newpoint's indictment:
"Thanks for keeping us informed. We have not been in communication with Newpoint for quite a while. As you know, we never completed any transaction and never assumed operations of any schools. In light of the information below, we have no intention of moving forward."
It is unclear whether Alliance is still interested in managing Newpoint's schools.