Saint Leo University and Marymount California call off merger plan
Saint Leo University’s plans to merge with Marymount California University and extend its brand have been scrapped because of complications with accreditation.
Saint Leo, a Catholic university based in Pasco County with 16 campuses across five states, announced in July it would take over the Los Angeles County school’s buildings and property, valued at $60 million. It also planned to take on Marymount’s debt, expected to be around $3.7 million.
The plan was subject to approval by the Southern Association of Colleges and Schools Commission on Colleges, the accrediting body for 11 Southern states and Latin America.