Business
Legacy Education Alliance Announces Impact Investment Focus
Legacy Education Alliance Announces Impact Investment Focus.
About this update from Legacy Education Alliance, Inc.
[{"type":"text","content":"\n CAPE CORAL, FL, July 15, 2022 (GLOBE NEWSWIRE) -- via NewMediaWire – Legacy Education Alliance, Inc. (OTCQB: LEAI)  has released a presentation highlighting its focus on impact investing, including a proposed investment in Monarch Health Inc. Barry Kostiner, Chairman and CEO of Legacy Education, remarked, “Legacy Education is realizing an opportunity to provide its platform products and services to local communities in partnership with leading professional athletes in their desires to provide access to life skill and educational mentorship, products and services in their hometowns. This new and exciting model, still under development, is a departure from the Rich Dad, Poor Dad branding of Robert Kiyosaki and previously announced planned relationship with Cris Carter, which is no longer being pursued. We are intending to diversify Legacy Education’s platform with a wide variety of influencers, local leadership and pro athletes, and to expand Legacy’s national reach and active local community engagement. In addition to the focus on our affordable, accelerated degree completion business, we are aiming to provide resources to meet the different needs along each individual’s life journey, including career guidance, financial literacy education, entrepreneurship, real estate and investment training.” Andrew McDonald, Vice President of Legacy, remarked “The national crises of addiction in America is destroying communities and affecting families of all backgrounds. Unfortunately, substance abuse detox programs typically have recidivism in excess of 90%. While detox is a critical, life-saving service, it needs to be wrapped with ongoing mentoring and educational services to reset the individual’s trajectory on an upward path. Legacy is pursuing an investment in Monarch Health’s detox business, and working to leverage our platform of products and services to go beyond detox towards long-term stability and success. Monarch Health has assembled a world class operations and medical management team with industry leading expertise in substance abuse and addiction treatment. Their business plan leverages underutilized hospital beds to provide substance abuse detox services for Medicare, Medicaid and veteran patients. Partnering with hospitals to “Airbnb” their unused hosp...