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by engaging in deceptive marketing, in particular misleading students about prospects for employment following graduation. Students had lodged complaints that the school had led them to believe it was pursuing accreditation from the
American Psychological Association for its education in counseling psychology program, although it was not. Without the accreditation, students were not accepted to local internships that met the state's licensing standards. As part of the settlement, EDMC agreed to reimburse tuition fees for 66 students, end advertisement of its education in counseling psychology program in Denver as a psychology licensure-track program, and not enroll any further students to the program. As of January, 2015, the Ed.D. in Counseling Psychology was accepted for psychology licensure, and two graduates were advanced to Psychology Licensure candidacy, by the Colorado Department of Regulatory Agencies and the Colorado Psychology Board.
657:, which allows whistleblowers to file lawsuits when they believe the federal government has been defrauded. The lawsuit seeks to recoup $ 11 billion, the amount of federal money EDMC institutions received in the form of federal student aid between 2003 and 2011. The Department of Justice argued that EDMC violated federal rules banning incentive-based compensation and therefore acquired the federal funds illegally. In response to the charges, EDMC stated that the compensation plan in question was in compliance with then-current federal rules and had been reviewed and approved by two education law firms. In May 2012, the charges that the compensation plan was illegal were dismissed with other charges allowed to stand. During this time EDMC settled with a former South University recruiter alleging similar practices. The details were not public.
681:
million in loans students borrowed from the company to attend the school. The settlement resolves claims alleged in four whistleblower lawsuits, one of which the government intervened in. In addition, the deal covers allegations made as part of a consumer fraud investigation by the attorneys general of 39 states and the
District of Columbia over claims the company misled students about job placement rates and other postgraduation outcomes while recruiting them. The loan forgiveness will affect 80,000 students and provide an average of $ 1,370 to each student.
800:
Court of
Appeals for the Third Circuit issued a sweeping October 18 order invalidating an alternative dispute resolution policy superimposed retroactively on the company's employees; EDMC had tried to bar aggrieved employees from filing suit in any court for any purpose. The 3-0 panel found that the policy had been illegally superimposed without employees' assent and thereby reinstated a pair of federal cases against the Art Institute of Pittsburgh demanding more than $ 4 million in damages and alleging legal malpractice inside EDMC.
580:. The company's chairman, Mark A. McEachen, replaced Todd Nelson who was its chairman since July 2012. Until recently, its chief executive was Edward West, who resigned August 28, 2015; the company currently lists no CEO. The current board of directors has five members, all of whom have been with the company less than one year. Their Chairman, Mark McEachen, was nominated by preferred stockholders after the 2015 company-
568:
on
Predatory Student Lending, part of the Legal Services Center of Harvard Law School. A settlement was approved in August 2022, stating that the schools on the list were included "substantial misconduct by the listed schools, whether credibly alleged or in some instances proven." In April 2023, the Supreme Court rejected a challenge to the settlement and allowed to proceed the debt cancellation due to alleged fraud.
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467:. In the documentary, Iraq war veteran Chris Pantzke discussed the lack of disability services at the school. According to Pantzke, "Being a soldier, you don't want to quit, you don't want to give up or fail." But after doing his own research, Pantzke concluded that the degree he was pursuing wasn't "worth much more than the paper is worth". And he felt he was "throwing away taxpayer money" by using
486:'s "gainful employment" rule, prompted EDMC to hold off expansion plans in 2012, and led to several rounds of layoffs. Only one new school opening has been announced in the 2013 fiscal year. In February 2013, EDMC announced a tuition freeze through at least 2015, as part of a strategy to refocus on students. As of 2014 enrollment was 120,920 students, a decrease of nine percent.
636:
Department of
Education's Advisory Committee on Student Financial Assistance from 2009 until September 2012. He previously served on the Board of the Association of Private Colleges and Universities, an advocacy organization, and currently serves on the organization's Federal Legislative Affairs Committee.
706:
to the Senate Harkin
Commission indicates that of the 78,661 students who enrolled at EDMC-owned colleges in 2008–9, 62.1 percent, or 48,840 students, dropped out as of mid-2010. As of 2013, about 120,000 students attended Education Management Corporation-operated schools, a drop from its peak of 160,000.
676:
In
December 2013, EDMC settled a civil claims suit filed by the Colorado Attorney General's Office for $ 3.3 million. The suit was brought following investigation by the attorney general's office, and alleged that the company's Argosy University in Denver violated the Colorado Consumer Protection Act
635:
programs and programs with the highest debt and lowest loan repayment rates ineligible for federal loans. Private-sector providers were also given time to comply with the changes. EDMC Senior VP of
Regulatory Affairs and Strategic Development, Anthony J. Guida Jr., served, by appointment, on the U.S.
786:
sued the school, alleging that the poor training they received left them unable to be gainfully employed. The plaintiffs expected to graduate in 2015 until a state nursing board investigation found some of the school's faculty were unqualified and were using veterinary supplies to teach students how
680:
In
November 2015, the US Justice Department announced that EDMC will pay nearly $ 95.5 million to settle claims the company used illegal incentives causing recruiters to use high-pressure tactics to convince students to enroll in the school. As part of the deal, the company will also forgive $ 102.9
426:
at that time. At the time of the acquisition EDMC's schools were serving around 72,000 students, 4,000 of whom were enrolled in online programs. The additional capital was used grow online enrollment to more than 40,000 students by the end of the decade, made possible in part by a 2006 Congressional
799:
By the end of 2016, EDMC's legal perils had ensnared even the company's outside legal counsel at the
Pittsburgh-based global law firm Reed Smith LLP. Advised by Attorney Katherine Ryan before two federal judges in discrimination lawsuits dating to August 2012, the company was defeated when the U.S.
705:
EDMC's stock price has dropped more than 75% in the three months up to February 2014 as the company faced lower enrollments and investigations at state and federal levels, including investigations by states Attorneys General and the Securities and Exchange Commission. Information that EDMC provided
567:
In 2022, the EDMC schools Argosy University, The Art Institutes, Brown Mackie College, and South University were among 153 institutions included in student loan cancellation due to alleged fraud. The class action was brought by a group of more than 200,000 student borrowers, assisted by the Project
334:
Foundation, a Los Angeles-based Pentecostal organization. The sale was complete in October 2017. As of August 2019, eight locations remain open to new students, operated by the Education Principle Foundation, and no longer connected to EDMC or Dream Center. All remaining Art Institute schools will
689:
Four states initiated investigations in recent years with Florida in October 2010, New York, California and a subpoena of documents regarding Brown Mackie College from the Office of Consumer Protection of the Kentucky Attorney General in December 2010. In August 2010, EDMC and other private sector
505:
EDMC has faced significant financial problems, including a 99.9% drop in the value of its stock and a defaulted bond rating (to junk bond status). Under a pending agreement, shareholder stock value will be diluted an additional 96%. Moody's credit rating service in January 2015 dropped EDMC to its
474:
In 2012, Edward West replaced Todd Nelson as CEO, while Nelson replaced McKernan as chairman. After the growth in student numbers in the late 2000s, EDMC's enrollment declined from around 160,000 students in 2011 to approximately 130,000 students at the end of 2012. EDMC has attributed this to the
341:
offers programs in health sciences, business, legal studies, information technology and design technology at the associate and bachelor's level. The school also offers diploma and certificate programs. In 2012, there were 28 Brown Mackie College locations in the U.S. In June 2016, it was announced
238:
Facing declining enrollment, legal issues, and accreditation problems, EDMC closed or sold many of its schools between 2013 and 2017. By 2014, the company's stock had lost 99.9% of its value, and EDMC received a defaulted bond rating (to junk bond status). Moody's credit rating service in January
444:
Enrollment in EDMC's online programs ballooned from 7,900 in 2007 to 42,300 in 2012, due in large part to practices that devoted more per-student expenditures to marketing ($ 4,158) than on education ($ 3,460). The next few years saw dramatic drops in enrollment and massive layoffs in the online
258:
Eighty percent of Education Management's funds came from US government funds, from US Department of Education Title IV programs (Pell Grants and federal student loans), the US Department of Defense, and the Veterans Administration. In 2009, EDMC allocated 21.6 percent of its revenue, or $ 435
660:
A separate whistleblower lawsuit, filed by a former South University recruiter, was initiated in January 2010 and officially filed in March 2012. This lawsuit alleged that the company deliberately misclassified data to inflate the job-placement rates of its graduates and make the school more
600:" which limited access to federal student loan money for students attending private-sector institutions with high post-graduation unemployment and default rates. EDMC opposed the rule's original draft, arguing that it limited minority and low-income students access to higher education.
665:
dismissed allegations that the company failed to notify the U.S. government when students left their program and that the company misled prospective students about program costs. The remaining allegations were recommended for further review. In May 2013
516:
On November 16, 2015, federal and state authorities announced a $ 95.5-million settlement resolving a whistleblower case in which former EDMC employees said the company was "illegally paying recruiters based on the number of students they enrolled".
407:
became EDMC chief executive officer, serving until 2007. He oversaw continued acquisitions of existing art and design schools in the U.S. and Canada, construction of new Art Institute locations and the establishment of on-line education programs.
356:. Additional locations are in Alabama, Florida, Georgia, South Carolina, Texas, and Virginia. Education Management Corporation acquired South University in 2003. The schools were sold along with other EDMC schools to Dream Center in 2017.
376:
In June 1986, Robert Knutson and Merrill Lynch Capital Partners led a recapitalization of the company in which Richard Royston, co-CEO, was bought out. At the time there were eight Art Institutes. In October 1996 the EDMC conducted an
694:, which reported that Argosy University (Chicago) recruiters misled undercover students about tuition and program quality. The GAO later revised parts of its original report from the investigation, which was the focus of testimony at a
921:
3129:
758:
In February 2014, Standard & Poor's cut EDMC's credit rating to CCC+ because of declining enrollment. Moody's credit rating service in January 2015 dropped EDMC to its lowest rating, D-PD, which it defines as "Corporate families
749:
In April 2016, two former teachers at the Art Institute of California sued EDMC for not giving them a minimum wage and for not offering adequate rest periods in order to 'reduce compensation and increase its own profits.'
330:, of which there were approximately 50 locations in the U.S. and Canada, offered programs in design, fashion, media and culinary arts. In 2017, Education Management Corporation sold the existing Art Institutes to The
2585:
607:
in 2009 to address politically important industry issues. During the 2010 elections its PAC donated more than $ 50,000 to organizations of both parties and to politicians including Democratic Congressman
698:
September 2010 hearing. A 2011 US DOJ report claimed that EDMC "created a 'boiler room' style sales culture and has made recruiting and enrolling new students the sole focus of its compensation system".
506:
lowest rating, D-PD. EDMC's CEO, Edward West, resigned from the company on August 28, 2015, "to pursue other interests". The company was never profitable under his leadership. EDMC was delisted from the
4212:
673:
As of March 2013, both the federal whistleblower case begun in 2007 and the case initiated in 2010 are pending. EDMC has responded to the claims saying that both cases "are wholly without merit".
695:
422:
acquired EDMC and its 70 schools for $ 3.4 billion in March 2006 ($ 5.14 billion in 2023 dollars). On June 1, 2006, EDMC was taken private again in the largest for-profit education sector
215:
post-secondary educational institutions in the United States and Canada. The company was founded in 1962. At its peak in 2011, Education Management Corporation operated 110 schools through its
3139:
3005:
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revision to the "50% rule", which formerly required accredited schools to enroll more than half their students in campus-based programs in order to maintain federal loan eligibility.
2539:
2308:
2560:
2514:
2137:
1275:
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393:, the operator of Argosy University campuses, for $ 78 million ($ 134 million in 2023 dollars). The acquisition allowed EDMC to offer programs in law, education and business.
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2211:
649:
In 2007, two former EDMC recruiters filed a whistleblower complaint regarding recruitment and compensation practices at EDMC institutions. As a result of these complaints, the
661:
attractive to prospective students. Unlike the federal whistleblower lawsuit initiated in 2011, the U.S. Department of Justice has not joined the lawsuit. In October 2012, a
29:
3101:
400:
in April and 18 schools operated by the Ohio-based American Education Centers in June, which were re-branded Brown Mackie College a year later. In September 2003, former
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702:
In January 2014, EDMC was among several for-profit schools approached by approximately a dozen attorneys general for information in an investigation of their practices.
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847:
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nursing board barred the Brown Mackie students from taking the practical nurses licensing exam and ordered the school to retrain the students at the company's expense.
3052:"For-Profit College Company to Pay $ 95.5 Million to Settle Claims of Illegal Recruiting, Consumer Fraud and Other Violations | OPA | Department of Justice"
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320:
became part of EDMC in July 2001, when Education Management Corporation acquired Argosy Education Group. Argosy schools were sold along with other EDMC schools to
2008:
2261:
1430:
553:
On October 18, 2017, EDMC announced it completed the sale of 31 Art Institute Schools, South University, and Argosy University to the Dream Center Foundation.
1722:
495:
The week of June 13, 2016, the corporation announced the planned closure of most of its Brown Mackie College campuses, with 22 of the 26 slated for closure.
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million, to marketing and recruiting, and 16 percent, or $ 319 million, to profit. EDMC spent over $ 500,000 per year on lobbyists between 2010 and 2015.
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1519:
4237:
738:
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EDMC has been the subject of several lawsuits and investigations alleging that the company made misleading claims in its efforts to recruit students.
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212:
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EDMC was incorporated in Pennsylvania in 1962 and acquired its first educational institution in 1969 with the purchase of the nearly 50-year-old
3447:
3418:
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820:
741:. The case was dismissed by a federal judge in September 2011, as the shareholders were unable to show that the company had lied to investors.
2777:
631:, the CES lobbied for changes to the "gainful employment rule". The coalition persuaded the Department of Education to amend the rule, making
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rejected EDMC's appeal to dismiss the case, and on May 11, 2014, he ordered full-blown pretrial discovery regarding the claims and defenses.
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2282:
4252:
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1158:
499:
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From June 2013 to June 2014, the company eliminated about 2,600 positions, and campuses have been closed or are in the process of closing.
2720:
2141:
4192:
1874:
621:
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2949:
492:
On May 6, 2015, EDMC announced it would begin closing 15 of its Art Institute locations, citing declining enrollment and restructuring.
3626:
717:
used a non-profit charity, the EDMC Foundation, to skirt federal 90/10 regulations. The expose was based on three-month investigation.
342:
that 22 of 26 Brown Mackie campuses were closing. The Akron campus was closed in September 2006. The last three campuses were sold to
2215:
4187:
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2115:
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With other private-sector colleges and universities, EDMC helped form the Coalition for Educational Success in 2010. Represented by
2633:
2059:
937:
653:
initiated a federal lawsuit in 2011 on behalf of eleven states and the District of Columbia. The civil lawsuit was filed under the
2747:
2031:
437:
On September 21, 2009, EDMC became a public company once again, raising $ 330 million ($ 469 million in 2023 dollars) on the
3946:
1983:
1617:
557:
284:
243:
3497:
2240:
1848:
1378:
1197:
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1821:
381:($ 87.4 million in 2023 dollars). By 1998, EDMC served 17,400 students at 15 Art Institutes and three additional schools.
1353:
1032:
3652:
3393:
593:
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2413:
1492:
733:, causing investors to lose money when the company's stock fell in 2010. The lawsuit was later joined by EDMC shareholders
3162:
3571:
3545:
3519:
3248:
2309:"Moody's Investors Service downgrades EDMC debt to default rating after debt restructuring. - Pittsburgh Business Times"
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4157:
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2342:
2164:
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1699:
691:
3191:"For-profit colleges fight for credibility; Industry leaders claim federal report tarnishes schools' reputations"
2364:
2092:
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1300:
502:(SACS) announced that nine Art Institute campuses and all 15 South University campuses were placed on probation.
898:
662:
1327:
4023:
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966:
867:
528:
343:
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1622:
483:
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1404:
2009:"Sgt. Pantzke: "I Just Want To Be Able To Start Over" | Educating Sergeant Pantzke | FRONTLINE"
1067:
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954:
370:
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1463:
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As of 2016, EDMC announced that it was planning to close 19 of its Art Institute campuses and 22 of 26
459:
415:
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592:
Starting in the late 2000s, EDMC engaged in lobbying and political advocacy. One such area was the
208:
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3371:
3249:"EDMC Professors and Students Speak: How Lobbyists and Goldman Sachs Ruined For-Profit Education"
2725:
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As of July 30, 2016, EDMC sold as an over the counter stock at approximately one cent per share.
764:
730:
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378:
165:
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1618:"Education Management Corp. Pittsburgh, Pennsylvania; Educator Does Its Homework On Hot Trends"
431:
2836:"Under False Claims Act, whistleblowers get their share of billions - Pittsburgh Post-Gazette"
763:
D are in default on all of their long-term debt obligations." In 2014, EDMC's major creditor,
309:
As of January 2013, EDMC operated 110 colleges and universities in 32 U.S. states and Canada.
4082:
3906:
3806:
3006:"Judge allows lawsuit against for-profit college firm linked to ex-Gov. McKernan to continue"
2116:"Roundup: S and P lowers EDMC's rating; Judge gives preliminary OK to Alpha settlement; more"
2064:
1762:
710:
419:
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3134:
1524:
779:
543:
521:
404:
338:
299:
276:
228:
64:
1493:"With Goldman's Foray Into Higher Education, A Predatory Pursuit Of Students And Revenues"
8:
4046:
3856:
3727:
3106:
2954:
2165:"Brown Mackie College in Kentucky stops accepting students as EDMC moves to close campus"
1497:
667:
2656:
2283:"Education Management Reaches Definitive Agreement With Creditors On Debt Restructuring"
729:
initiated a lawsuit alleging that EDMC had misled investors prior to the company's 2009
3931:
3921:
3631:
3314:"Education Management Corporation - Investor Relations - Welcome to Investor Relations"
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1934:
1004:
597:
581:
327:
295:
272:
224:
2611:"200k student borrowers are closer to getting their loans erased after judge's ruling"
4107:
4097:
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2418:
2138:"EDMC cuts 75 jobs; majority of reductions in Pittsburgh - Pittsburgh Business Times"
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1205:
401:
390:
353:
317:
268:
220:
2414:"For-profit college will pay $ 95.5 million to settle 'boiler room' recruiting case"
2262:"Southern accreditor places 10 on probation, including Louisville and new UT campus"
4147:
3993:
3781:
3702:
3602:
3572:"CNS - Former Admissions Officers Sue Art Institute of Pittsburgh's Parent Company"
3198:
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654:
423:
397:
349:
303:
280:
232:
216:
2490:"Large for-profit chain EDMC to be bought by the Dream Center, a missionary group"
1875:
Education Management Corporation Commences Initial Public Offering of Common Stock
1099:"Education Management's profit falls 51%; sale-leaseback of Art Institute studied"
612:, who opposed the "gainful employment rule", as well as to Republican Congressman
4117:
3916:
3851:
2950:"Education Management Corp. Engages In 'Predatory Lending,' Whistleblower Claims"
2813:
1881:
783:
2926:
2442:"For-Profit Brown Mackie College Ceasing Enrollment, Phasing Out Most Locations"
2186:
3977:
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3717:
617:
547:
454:
39:
3472:
2688:"For-Profit Colleges Win Major Concessions in Final 'Gainful Employment' Rule"
922:"Moody's revises Education Management's Probability of Default Rating to D-PD"
4181:
3951:
3846:
3831:
3821:
3816:
3575:
3549:
3523:
3190:
3167:
3102:"Second largest for-profit chain to pay $ 95 million to settle fraud charges"
714:
644:
609:
531:. In 2017, EDMC reported that it had sold the existing Art Institutes to The
434:, became the CEO in 2007 and the chairman of the board of directors in 2012.
411:
47:
3667:
1758:"For-profit educator EDMC gives employees a tough lesson in modern business"
967:"Lobbying Spending Database - Education Management Corp, 2016 - OpenSecrets"
3998:
3926:
3546:"CNS - Discrimination Cases Against Art Institute of Pittsburgh Reinstated"
3520:"CNS - Federal Judge Raises Specter of Class Action in Art Institute Cases"
1173:"Argosy University may close campuses across the country as soon as Friday"
532:
331:
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2540:"EDMC to close 15 Art Institute locations; Pittsburgh campus not affected"
1723:"Company chaired by former Gov. McKernan wants federal lawsuit thrown out"
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2784:. Association of Private Sector Colleges and Universities. Archived from
1589:
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economic downturn of the late 2000s and new federal restrictions on the
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632:
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120:
2212:"EDMC to close 15 Art Institute locations - Pittsburgh Business Times"
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http://www.help.senate.gov/imo/media/for_profit_report/PartII/EDMC.pdf
324:
in 2017. All Argosy campuses were officially closed on March 8, 2019.
4122:
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3745:
848:"Pittsburgh's Education Management Corp. to delist stock from Nasdaq"
476:
291:
3419:"S&P Lowers Education Management's Rating on Enrollment Decline"
3079:"EDMC agrees to $ 95.5M settlement, will improve recruiting process"
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3722:
3221:"GAO Revises Report on Recruiting Practices at For-Profit Colleges"
2609:
Turner, Cory; Carrillo, Sequoia; Salhotra, Pooja (August 5, 2022).
1148:
169:
3130:"Florida attorney general investigating 5 for-profit universities"
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4003:
3896:
3786:
3345:"Charity group funded school network led by former Gov. McKernan"
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1958:"EDMC reports revenues, enrollment down on heels of more layoffs"
1895:"Education Management Corporation Stock Quote & Summary Data"
788:
468:
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Former for-profit universities and colleges in the United States
482:
The decrease in enrollment, coupled with pending changes to the
3956:
3596:
2634:"Supreme Court allows $ 6 billion student loan debt settlement"
1902:
1328:"Sudden Closure of Art Institutes Leaves 1,700 Students Adrift"
507:
438:
53:
16:
Pennsylvania based post secondary institutions in US and Canada
3473:"EDMC : Summary for EDUCATION MANAGEMENT - Yahoo Finance"
2586:"Government's Consolidated Opposition to Motions to Intervene"
624:. An additional $ 850,000 was spent on 2010 lobbying efforts.
3936:
3791:
3692:
1354:"Brown Mackie eliminating printed textbooks in favor of iPad"
3296:"EDMC target of SEC investigation - Pittsburgh Post-Gazette"
28:
2917:"Ex-employee settles lawsuit against for-profit university"
2858:"For-Profit College Group Sued as U.S. Lays Out Wide Fraud"
457:, received greater public scrutiny with the release of the
2809:"Education Management Suit Brought on Behalf of 11 States"
1159:"EDMC Completes Sale of Assets to Dream Center Foundation"
1068:"Education Management CEO praises back-to-basics strategy"
645:
Lawsuits regarding financial aid and recruitment practices
527:
In 2017, EDMC sold its remaining Brown-Mackie campuses to
4263:
Defunct private universities and colleges in Pennsylvania
4041:
556:
As of 30 June 2018, it was announced that EMDC filed for
2978:"U.S. judge: Parts of McKernan-linked lawsuit can stand"
1000:"Education Management Said to Be Sold for $ 3.4 Billion"
1645:"South University sold to education management company"
542:
In 2017, EDMC reported 109 locations, but more than 40
3294:
Boselovic, Len; Lindeman, Teresa F. (March 23, 2013).
2608:
2241:"Decreases in enrollment lead to Brown Mackie closing"
1379:"Decreases in enrollment lead to Brown Mackie closing"
187:
3394:"CNS - Class Says For-Profit Art School Stiffs Profs"
3367:"Federal court throws out investor suit against EDMC"
550:
schools were in the process of closing at that time.
539:
organization. The sale was complete in October 2017.
3592:
1930:"U.S. to Join Suit Against For-Profit College Chain"
267:
EDMC operated through four major groups of schools,
720:
352:is a for-profit university with its main campus in
3243:
3241:
2754:. Education Management Corporation. Archived from
1588:. Education Management Corporation. Archived from
1204:. Education Management Corporation. Archived from
396:In 2003 EDMC acquired the health sciences-focused
3293:
2469:"Art Institute campuses to be sold to foundation"
1229:"Art Institute campuses to be sold to foundation"
950:
948:
933:
931:
4179:
2561:"EDMC completes sale of schools to Dream Center"
2515:"EDMC completes sale of schools to Dream Center"
1545:
1543:
1276:"EDMC completes sale of schools to Dream Center"
1026:
1024:
1022:
899:"Goldman Sachs, KKR flunk in college investment"
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2466:
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1884:." Corporate Press Release, September 21, 2009.
1512:
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364:
2721:"For-profit schools are at center of disputes"
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1714:
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1574:
1520:"Art Institute Provides Professional Training"
945:
928:
564:bankruptcy and began to liquidate its assets.
430:Todd S. Nelson, who was previously the CEO of
250:bankruptcy and began to liquidate its assets.
239:2015 dropped EDMC to its lowest rating, D-PD.
3653:
2851:
2849:
2343:"Education Management Corp. CEO West resigns"
1923:
1921:
1919:
1849:"Education Management Corporation - Officers"
1540:
1019:
3343:Writer, Colin WoodardStaff (July 31, 2016).
3267:"New investigations hit for-profit colleges"
2889:"EDMC: Party's off at for-profit juggernaut"
2336:
2334:
2332:
2330:
2060:"EDMC layoffs hit Art Institutes nationwide"
1720:
1700:"Education Management chairman to step down"
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1482:
916:
914:
912:
892:
890:
888:
814:
812:
500:Southern Association of Colleges and Schools
441:while Goldman Sachs retained 40% ownership.
312:
3446:. Moody's Investors Service. Archived from
2997:
2800:
2714:
2712:
2710:
2467:Douglas-Gabriel, Danielle (March 3, 2017).
1813:
1777:
1751:
1749:
1747:
1745:
1611:
1609:
1607:
1571:
1549:
1227:Douglas-Gabriel, Danielle (March 3, 2017).
453:In 2011, EDMC and its then-subsidiary, the
389:In July 2001, EDMC purchased Chicago-based
4208:Education companies disestablished in 2018
3660:
3646:
3212:
2882:
2880:
2846:
2681:
2679:
2088:"EDMC sees 'encouraging trends' in future"
1916:
1345:
1303:. The Art Institutes. 2023. Archived from
1092:
1090:
1061:
1059:
1057:
1055:
993:
991:
989:
987:
773:
27:
4238:American companies disestablished in 2018
3259:
2941:
2908:
2806:
2648:
2327:
2032:"EDMC's enrollment falls by 16.3 percent"
1786:
1479:
1453:
1451:
909:
885:
809:
384:
4228:Holding companies disestablished in 2018
4198:Education companies of the United States
3218:
3154:
3121:
3076:
2707:
2389:
2162:
2051:
2023:
1841:
1742:
1604:
1424:
1422:
1351:
1118:
819:Lindeman, Teresa F. (January 31, 2013).
818:
794:
175:Ryanne Dean (Talent Acquisition Manager)
4243:Companies formerly listed on the Nasdaq
4203:Education companies established in 1962
3947:University of Pittsburgh Medical Center
3182:
3100:Douglas, Danielle (November 16, 2015).
3099:
3016:
3003:
2947:
2914:
2877:
2676:
2654:
2235:
2233:
2079:
1984:"EDMC insiders report layoffs underway"
1822:"EDMC's enrollment at 'low water mark'"
1694:
1692:
1690:
1490:
1293:
1190:
1087:
1052:
984:
587:
285:Western State University College of Law
253:
4258:2018 disestablishments in Pennsylvania
4233:American companies established in 1962
4218:Holding companies of the United States
4180:
3358:
3342:
3219:Huckabee, Charles (December 7, 2010).
3160:
3127:
2969:
2718:
2631:
2187:"Michigan City - Brown Mackie College"
2057:
2029:
1887:
1819:
1755:
1721:Wickenheiser, Matt (October 5, 2011).
1667:"AEC to be sold to Pittsburgh company"
1615:
1448:
1030:
997:
896:
690:schools were investigated by the U.S.
4223:Holding companies established in 1962
3641:
3188:
3077:Fleisher, Chris (November 16, 2015).
3022:
3004:Cousins, Christopher (May 31, 2013).
2886:
2855:
2685:
2657:"Going Ahead With Gainful Employment"
2390:Fleisher, Chris (December 15, 2014).
2114:Staff and Wires (February 25, 2014).
2085:
1927:
1659:
1428:
1419:
1326:Small, Zachary (September 25, 2023).
1325:
1096:
1065:
998:Sorkin, Andrew Ross (March 6, 2006).
821:"EDMC profit drops in second quarter"
3365:Lord, Richard (September 29, 2011).
3364:
3161:Reimer, Miriam (December 21, 2010).
3023:Coyne, Justine (December 10, 2013).
2975:
2655:Epstein, Jennifer (April 21, 2010).
2340:
2230:
2163:Fleisher, Chris (January 12, 2015).
1756:Dietch, Charlie (October 24, 2011).
1687:
1637:
1431:"Brown Mackie College changes hands"
938:Education Management files Chapter 7
778:In 2016, former nursing students at
571:
4253:1962 establishments in Pennsylvania
3195:Diverse: Issues In Higher Education
2719:Malloy, Daniel (January 23, 2011).
2632:Hurley, Lawrence (April 13, 2023).
2478:– via www.washingtonpost.com.
2086:Gough, Paul J. (November 1, 2012).
2058:Dietch, Charlie (August 23, 2012).
1491:Kirkham, Chris (October 24, 2011).
1429:Baker, Deirdre (January 31, 2017).
1401:"Brown Mackie Closing Akron Campus"
1238:– via www.washingtonpost.com.
1066:Conte, Andrew (February 28, 2013).
1033:"EDMC puts plans to expand on hold"
753:
576:EDMC's headquarters was located in
13:
4193:Private equity portfolio companies
4169:List of corporations in Pittsburgh
3128:Travis, Scott (October 21, 2010).
1981:
1955:
1789:"Goldman Schools Students on Debt"
1787:Hechinger, John (August 5, 2010).
1647:. Associated Press. April 30, 2003
1550:Modzelewski, Eve (July 11, 2001).
1352:Aldridge, James (April 26, 2012).
1136:from the original on March 5, 2016
1097:Olson, Thomas (January 30, 2013).
713:expose found that former EDMC CEO
14:
4274:
3966:Companies with split headquarters
3882:Industrial Scientific Corporation
3609:
3225:The Chronicle of Higher Education
3189:Yerak, Becky (January 10, 2011).
3163:"Education Management Subpoenaed"
2976:Long, Robert (October 25, 2012).
2948:Kirkham, Chris (March 15, 2012).
2693:The Chronicle of Higher Education
1702:. Associated Press. July 27, 2012
1552:"Education Management Buys Rival"
1273:
767:took control over EDMC's assets.
684:
448:
235:, and enrolled 158,300 students.
4188:Education Management Corporation
3595:
3564:
3538:
3512:
3490:
3465:
3437:"Rating Symbols and Definitions"
3429:
2915:Bowling, Brian (June 24, 2011).
2748:"Officers - Anthony J. Guida Jr"
2392:"EDMC accused in GI Bill scheme"
2030:Belser, Ann (February 8, 2013).
1398:
1301:"Closed school information page"
787:to care for human patients. The
721:Dismissal of shareholder lawsuit
535:Foundation, a Los Angeles-based
201:Education Management Corporation
22:Education Management Corporation
3987:Subsidiary company headquarters
3411:
3386:
3336:
3320:. March 5, 2013. Archived from
3306:
3287:
3093:
3070:
3044:
2856:Lewin, Tamar (August 8, 2011).
2828:
2807:Hechinger, John (May 3, 2011).
2770:
2740:
2625:
2602:
2578:
2553:
2532:
2507:
2482:
2460:
2434:
2406:
2383:
2357:
2301:
2275:
2254:
2204:
2179:
2156:
2130:
2107:
2001:
1975:
1949:
1867:
1392:
1371:
1319:
1267:
1242:
1220:
1165:
744:
639:
3760:Other corporation headquarters
3498:"Brown Mackie legal complaint"
3025:"EDMC settles suit for $ 3.3M"
2887:Conte, Andrew (May 15, 2012).
1031:Belser, Ann (March 29, 2012).
959:
897:Kosman, Josh (July 12, 2014).
860:
840:
529:Ross Medical Education Centers
283:. It also owned a law school,
1:
4248:Companies based in Pittsburgh
4024:Westinghouse Electric Company
2686:Field, Kelly (June 2, 2011).
2365:"Third Amended Complaint (1)"
803:
344:Ross Medical Education Center
335:close on September 30, 2023.
242:In June 2018, EMDC filed for
2285:. Archive.is. Archived from
1928:Lewin, Tamar (May 2, 2011).
1616:Reeves, May (May 19, 2003).
1358:San Antonio Business Journal
484:U.S. Department of Education
365:Foundation and early history
7:
4035:strong Pittsburgh relations
3627:Collected news and analysis
1820:Belser, Ann (May 4, 2012).
371:Art Institute of Pittsburgh
290:Programs offered included
262:
76:; 62 years ago
10:
4279:
1464:The Wall Street Transcript
696:U.S. Senate HELP committee
651:U.S. Department of Justice
465:Educating Sergeant Pantzke
416:Providence Equity Partners
359:
4166:
4075:
4032:
3986:
3965:
3887:Iron City Brewing Company
3777:American Eagle Outfitters
3759:
3736:
3679:
3030:Pittsburgh Business Times
2922:Pittsburgh Tribune-Review
2894:Pittsburgh Tribune-Review
2093:Pittsburgh Business Times
1880:January 24, 2016, at the
1623:Investor's Business Daily
1250:"Inside Higher Ed's News"
1104:Pittsburgh Tribune-Review
1073:Pittsburgh Tribune-Review
313:Colleges and universities
182:
155:
145:
135:
115:
103:
88:
70:
60:
45:
35:
26:
4067:Thermo Fisher Scientific
3797:Armstrong Communications
3671:corporations within the
578:Pittsburgh, Pennsylvania
209:Pittsburgh, Pennsylvania
3737:Forbes largest private
3372:Pittsburgh Post-Gazette
3300:Pittsburgh Post-Gazette
2840:Pittsburgh Post-Gazette
2726:Pittsburgh Post-Gazette
2613:. National Public Radio
2519:Pittsburgh Post-Gazette
2037:Pittsburgh Post-Gazette
1827:Pittsburgh Post-Gazette
1672:Dallas Business Journal
1557:Pittsburgh Post-Gazette
1280:Pittsburgh Post-Gazette
1038:Pittsburgh Post-Gazette
941:(subscription required)
853:Pittsburgh Post-Gazette
826:Pittsburgh Post-Gazette
774:Consumer fraud lawsuits
598:gainful employment rule
594:Department of Education
379:initial public offering
306:and certificate level.
4033:Outside companies with
3912:Mine Safety Appliances
3767:Allegheny Technologies
3739:companies headquarters
3713:PNC Financial Services
3621:Bloomberg Businessweek
1794:Bloomberg Businessweek
1254:www.insidehighered.com
725:In 2010, several EDMC
498:In December 2016, the
432:Apollo Education Group
391:Argosy Education Group
385:Expansion in the 2000s
107:Bankrupt. Acquired by
3698:Dick's Sporting Goods
3673:Pittsburgh metro area
3453:on September 15, 2015
3255:. September 24, 2012.
2065:Pittsburgh City Paper
1763:Pittsburgh City Paper
795:Employee-ADR lawsuits
711:Maine Sunday Telegram
663:U.S. magistrate judge
616:, Democratic Senator
544:Brown Mackie Colleges
420:Leeds Equity Partners
151:United States, Canada
3907:Millcraft Industries
3324:on December 20, 2013
3135:Florida Sun-Sentinel
2842:. February 22, 2014.
2289:on September 5, 2014
1525:The Pittsburgh Press
1198:"The Art Institutes"
780:Brown Mackie College
588:Political activities
522:Brown Mackie College
339:Brown Mackie College
277:Brown Mackie College
254:Funding and Expenses
229:Brown Mackie College
65:For-profit education
4047:Dreyfus Corporation
3857:Federated Investors
3812:Bruster's Ice Cream
3728:WESCO International
3578:on February 2, 2017
3552:on February 2, 2017
3526:on February 2, 2017
3107:The Washington Post
3058:. November 16, 2015
2955:The Huffington Post
2422:. November 16, 2015
2371:. December 16, 2014
2315:on January 10, 2015
2144:on October 28, 2014
1498:The Huffington Post
1459:"Robert B. Knutson"
1435:The Quad-City Times
971:www.opensecrets.org
856:. October 24, 2014.
603:EDMC established a
211:-based operator of
137:Number of locations
23:
4083:Fisher's Big Wheel
3932:Renda Broadcasting
3922:Oxford Development
3632:The New York Times
3398:Courthousenews.com
3318:Investors.edmc.edu
3275:. January 29, 2014
2863:The New York Times
2494:insidehighered.com
1935:The New York Times
1855:on October 2, 2016
1801:on August 20, 2010
1332:The New York Times
1307:on August 19, 2022
1130:The New York Times
1005:The New York Times
924:. January 7, 2015.
668:U.S. Judge McVerry
582:debt restructuring
510:in November 2014.
328:The Art Institutes
273:The Art Institutes
225:The Art Institutes
164:Mark A. McEachen (
21:
4175:
4174:
4108:Fisher Scientific
4052:Eaton Corporation
3802:Augustine's Pizza
3477:finance.yahoo.com
3010:Bangor Daily News
2983:Bangor Daily News
2419:Los Angeles Times
2369:Documentcloud.org
2341:Fleisher, Chris.
1982:Deitch, Charlie.
1956:Deitch, Charlie.
1728:Bangor Daily News
1528:. August 15, 1948
1208:on April 25, 2013
1132:. July 10, 2001.
572:Corporate affairs
354:Savannah, Georgia
318:Argosy University
269:Argosy University
221:Argosy University
198:
197:
4270:
3994:Allegheny Energy
3862:Fiesta Tableware
3782:Ampco Pittsburgh
3703:Howmet Aerospace
3662:
3655:
3648:
3639:
3638:
3605:
3603:Education portal
3600:
3599:
3588:
3587:
3585:
3583:
3574:. Archived from
3568:
3562:
3561:
3559:
3557:
3548:. Archived from
3542:
3536:
3535:
3533:
3531:
3522:. Archived from
3516:
3510:
3509:
3507:
3505:
3494:
3488:
3487:
3485:
3483:
3469:
3463:
3462:
3460:
3458:
3452:
3441:
3433:
3427:
3426:
3415:
3409:
3408:
3406:
3404:
3390:
3384:
3383:
3381:
3379:
3362:
3356:
3355:
3353:
3351:
3340:
3334:
3333:
3331:
3329:
3310:
3304:
3303:
3291:
3285:
3284:
3282:
3280:
3263:
3257:
3256:
3245:
3236:
3235:
3233:
3231:
3216:
3210:
3209:
3207:
3205:
3199:Associated Press
3186:
3180:
3179:
3177:
3175:
3158:
3152:
3151:
3149:
3147:
3142:on July 16, 2011
3138:. Archived from
3125:
3119:
3118:
3116:
3114:
3097:
3091:
3090:
3088:
3086:
3074:
3068:
3067:
3065:
3063:
3048:
3042:
3041:
3039:
3037:
3020:
3014:
3013:
3001:
2995:
2994:
2992:
2990:
2973:
2967:
2966:
2964:
2962:
2945:
2939:
2938:
2936:
2934:
2929:on June 11, 2014
2925:. Archived from
2912:
2906:
2905:
2903:
2901:
2884:
2875:
2874:
2872:
2870:
2853:
2844:
2843:
2832:
2826:
2825:
2823:
2821:
2804:
2798:
2797:
2795:
2793:
2774:
2768:
2767:
2765:
2763:
2744:
2738:
2737:
2735:
2733:
2716:
2705:
2704:
2702:
2700:
2683:
2674:
2673:
2671:
2669:
2662:Inside Higher Ed
2652:
2646:
2645:
2643:
2641:
2629:
2623:
2622:
2620:
2618:
2606:
2600:
2599:
2597:
2595:
2590:
2582:
2576:
2575:
2573:
2571:
2565:post-gazette.com
2557:
2551:
2550:
2548:
2546:
2536:
2530:
2529:
2527:
2525:
2511:
2505:
2504:
2502:
2500:
2486:
2480:
2479:
2477:
2475:
2464:
2458:
2457:
2455:
2453:
2438:
2432:
2431:
2429:
2427:
2410:
2404:
2403:
2401:
2399:
2387:
2381:
2380:
2378:
2376:
2361:
2355:
2354:
2352:
2350:
2338:
2325:
2324:
2322:
2320:
2311:. Archived from
2305:
2299:
2298:
2296:
2294:
2279:
2273:
2272:
2270:
2268:
2258:
2252:
2251:
2249:
2247:
2237:
2228:
2227:
2225:
2223:
2214:. Archived from
2208:
2202:
2201:
2199:
2197:
2183:
2177:
2176:
2174:
2172:
2160:
2154:
2153:
2151:
2149:
2140:. Archived from
2134:
2128:
2127:
2125:
2123:
2111:
2105:
2104:
2102:
2100:
2083:
2077:
2076:
2074:
2072:
2055:
2049:
2048:
2046:
2044:
2027:
2021:
2020:
2018:
2016:
2005:
1999:
1998:
1996:
1994:
1988:pghcitypaper.com
1979:
1973:
1972:
1970:
1968:
1962:pghcitypaper.com
1953:
1947:
1946:
1944:
1942:
1925:
1914:
1913:
1911:
1909:
1891:
1885:
1871:
1865:
1864:
1862:
1860:
1851:. Archived from
1845:
1839:
1838:
1836:
1834:
1817:
1811:
1810:
1808:
1806:
1797:. Archived from
1784:
1775:
1774:
1772:
1770:
1753:
1740:
1739:
1737:
1735:
1718:
1712:
1711:
1709:
1707:
1696:
1685:
1684:
1682:
1680:
1663:
1657:
1656:
1654:
1652:
1641:
1635:
1634:
1632:
1630:
1613:
1602:
1601:
1599:
1597:
1578:
1569:
1568:
1566:
1564:
1547:
1538:
1537:
1535:
1533:
1516:
1510:
1509:
1507:
1505:
1488:
1477:
1476:
1474:
1472:
1455:
1446:
1445:
1443:
1441:
1426:
1417:
1416:
1414:
1412:
1403:. Archived from
1396:
1390:
1389:
1387:
1385:
1375:
1369:
1368:
1366:
1364:
1349:
1343:
1342:
1340:
1338:
1323:
1317:
1316:
1314:
1312:
1297:
1291:
1290:
1288:
1286:
1271:
1265:
1264:
1262:
1260:
1246:
1240:
1239:
1237:
1235:
1224:
1218:
1217:
1215:
1213:
1194:
1188:
1187:
1185:
1183:
1169:
1163:
1162:
1155:
1146:
1145:
1143:
1141:
1122:
1116:
1115:
1113:
1111:
1094:
1085:
1084:
1082:
1080:
1063:
1050:
1049:
1047:
1045:
1028:
1017:
1016:
1014:
1012:
995:
982:
981:
979:
977:
963:
957:
952:
943:
942:
935:
926:
925:
918:
907:
906:
894:
883:
882:
880:
878:
864:
858:
857:
844:
838:
837:
835:
833:
816:
762:
754:Financial issues
709:In July 2016, a
655:False Claims Act
561:
398:South University
350:South University
281:South University
247:
233:South University
217:higher education
194:
191:
189:
99:
97:
84:
82:
77:
31:
24:
20:
4278:
4277:
4273:
4272:
4271:
4269:
4268:
4267:
4178:
4177:
4176:
4171:
4162:
4118:Mesta Machinery
4071:
4034:
4028:
3982:
3961:
3852:EQT Corporation
3772:American Bridge
3755:
3738:
3732:
3675:
3666:
3612:
3601:
3594:
3591:
3581:
3579:
3570:
3569:
3565:
3555:
3553:
3544:
3543:
3539:
3529:
3527:
3518:
3517:
3513:
3503:
3501:
3496:
3495:
3491:
3481:
3479:
3471:
3470:
3466:
3456:
3454:
3450:
3439:
3435:
3434:
3430:
3417:
3416:
3412:
3402:
3400:
3392:
3391:
3387:
3377:
3375:
3363:
3359:
3349:
3347:
3341:
3337:
3327:
3325:
3312:
3311:
3307:
3292:
3288:
3278:
3276:
3265:
3264:
3260:
3253:Huffington Post
3247:
3246:
3239:
3229:
3227:
3217:
3213:
3203:
3201:
3187:
3183:
3173:
3171:
3159:
3155:
3145:
3143:
3126:
3122:
3112:
3110:
3098:
3094:
3084:
3082:
3075:
3071:
3061:
3059:
3050:
3049:
3045:
3035:
3033:
3021:
3017:
3002:
2998:
2988:
2986:
2974:
2970:
2960:
2958:
2946:
2942:
2932:
2930:
2913:
2909:
2899:
2897:
2885:
2878:
2868:
2866:
2854:
2847:
2834:
2833:
2829:
2819:
2817:
2805:
2801:
2791:
2789:
2788:on June 9, 2013
2778:"Anthony Guida"
2776:
2775:
2771:
2761:
2759:
2758:on July 4, 2013
2746:
2745:
2741:
2731:
2729:
2717:
2708:
2698:
2696:
2684:
2677:
2667:
2665:
2653:
2649:
2639:
2637:
2630:
2626:
2616:
2614:
2607:
2603:
2593:
2591:
2588:
2584:
2583:
2579:
2569:
2567:
2559:
2558:
2554:
2544:
2542:
2538:
2537:
2533:
2523:
2521:
2513:
2512:
2508:
2498:
2496:
2488:
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3500:. May 25, 2016
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4158:Westinghouse
4113:Integra Bank
4102:
3999:FedEx Ground
3927:PTC Alliance
3686:headquarters
3681:
3630:
3619:
3580:. Retrieved
3576:the original
3566:
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3550:the original
3540:
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3524:the original
3514:
3504:September 8,
3502:. Retrieved
3492:
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3370:
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3270:
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2920:
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2900:February 14,
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2417:
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2368:
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