Baloney degree school goes bankrupt

Here’s a lovely bit of good news!

American Medical College of Homeopathy in Phoenix files for bankruptcy, closes doors – Phoenix Business Journal.

The American Medical College of Homeopathy has filed Chapter 7 under the U.S. Bankruptcy Code and closed its doors.

“The need for closure as I understand had nothing to do with the quality of their program; it had to do with finances,” said Rick Cotroneo, president of the accrediting agency. “We were sad to see them close their doors.”

Not me! As our tipster noted, we also hope that they closed for lack of enrollment. They make a big deal about how respected the school was. Only in the circle of non-scientific medicine perhaps. Cotroneo said there are only 15 to 20 homeopathic schools left in the U.S. That’s 20 too many. There was no word on how many students were active in the school which provided a doctorate in homeopathy. It opened in 1999 and lauded itself as a research school that used a scientific approach. They didn’t care for “skeptics”:

Skeptics and other people who are simply unaware of the research literature have the incorrect belief that there is “no” research evidence supporting the plausibility of homeopathy, biological effects of remedies, or the clinical effectiveness of homeopathic treatment. On the contrary, the evidence is published and accessible.

Published, accessible and not supportive of their premise that like cures like or that water has memory. Homeopathy lacks biological plausibility, is scientifically implausible and not physically possible.

Their website contains no notice but did contain an article with this title: “Someday Homeopaths will be so essential”. I’m sorry but I laughed. I think the bankruptcy goes against that premise as well.

Skepticblog » “You Have a Degree in Baloney!”.

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Thanks Jeff Zbornik

  13 comments for “Baloney degree school goes bankrupt

  1. J Trapp
    February 26, 2015 at 9:35 AM

    Even better is the alternative offered to the shut-out students, “Students had the option to complete their homeopathic education through a teach-out plan with the Phoenix Institute of Herbal Medicine and Acupuncture . . . “. From one School of Woo to another.

  2. MisterNeutron
    February 26, 2015 at 10:24 AM

    I’ve often thought that going to a medical school and specializing in homeopathy is like going to veterinary school and specializing in unicorns.

  3. Peter Robinson
    February 26, 2015 at 10:31 AM

    Can I be the first to make joke about a lack of liquidity….Surprising given their prediliction for diluting things….

  4. Nick Bucci
    February 26, 2015 at 11:03 AM

    School of homeopathy? Wouldn’t they be more successful with fewer students?

  5. ScienceMonkey
    February 26, 2015 at 11:18 AM

    I’d really like to get a doctorate and not have to work too hard for it. Doctor’s tend to get more respect in society, no matter how the doctorate was achieved.

    “Paging Dr. Monkey” sounds better than “paging Mr. Monkey” and my mother always wanted me to be a doctor.

    Does anyone know a good diploma mill?

  6. rich
    February 26, 2015 at 3:45 PM

    Very good Sir!

  7. Kurt
    February 26, 2015 at 4:56 PM

    I have to disagree. There is evidence that this works… Us scientists just call it the placebo effect. Ha. It doesn’t cure the illness but might make people feel better or have reduced symptoms. Though, alcohol and ice cream work for me as much better placebos without all the terrible pseudoscience attached to it.

  8. Colonel Tom
    February 26, 2015 at 5:20 PM

    I have always expected that these types of ventures are designed for bankruptcy protection. They run up debts while paying lavish salaries to founders and insiders. As debts exceed revenue, they declare bankruptcy and short their debts, all the while the “insiders” have been paid lavish salaries, been granted featherbedded contracts or sweetheart deals on the purchase of “surplus”. There are many great ways to make bankruptcy pay, and it would hardly be surprising if this bunch does not turn around, start a new venture and repeat all the way to the opposite of poorhouse.

  9. Ronald H. Pine
    February 26, 2015 at 10:02 PM

    Schadenfreude!

  10. Abbie Boxman
    February 27, 2015 at 5:38 PM

    VERY well said!!!

  11. Debbie Cottrell
    March 1, 2015 at 11:57 PM

    At least not such a huge degree of wooiness. Nothing beats homeopathy on that front.

  12. Woody
    March 2, 2015 at 4:16 AM

    Well said, Kurt!

  13. Kiljoy616
    March 4, 2015 at 10:46 PM

    Nothing like ice cream with a good doze of Kahlua Coffee Liqueur smother all over the top.

Comments are closed.