Education Management Corporation (EDMC) was founded in 1962 and acquired its first school in 1969 when it bought the Art Institute of Pittsburgh, which was 50 years old at the time.
The company opened several more Art Institutes and by 1998 had over 17,000 students at 15 Art Institutes and three additional schools.
EDMC expanded in the 2000’s with the purchase of Argosy University, South University, and American Education Centers (which later became Brown Mackie Colleges).
In 2006 the company was bought by Goldman Sachs, Providence Equity Partners, and Leeds Equity Partners and taken private. In the years following EDMC faced harsh criticism and scrutiny after a public outcry about the quality of education offered.
Today EDMC offers degree programs from associate to postgraduate through its subsidiary schools with 110 locations in 30 states and Canada. The company has 120,000 students and 23,000 faculty and staff.
Education Management Corporation trades publicly on the OTC exchange under the symbol EDMC, is a member of the Russell 2000, is #837 in the Fortune 1000, has 11,000 employees, and had $2.27 billion in revenue in 2014.
Inn November 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.”
Education Management CorporationEducation Management Corporation (EDMC) was founded in 1962 and acquired its first school in 1969 when it bought the Art Institute of Pittsburgh, which was 50 years old at the time.
The company opened several more Art Institutes and by 1998 had over 17,000 students at 15 Art Institutes and three additional schools.
EDMC expanded in the 2000’s with the purchase of Argosy University, South University, and American Education Centers (which later became Brown Mackie Colleges).
History
In 2006 the company was bought by Goldman Sachs, Providence Equity Partners, and Leeds Equity Partners and taken private. In the years following EDMC faced harsh criticism and scrutiny after a public outcry about the quality of education offered.
Today EDMC offers degree programs from associate to postgraduate through its subsidiary schools with 110 locations in 30 states and Canada. The company has 120,000 students and 23,000 faculty and staff.
Education Management Corporation trades publicly on the OTC exchange under the symbol EDMC, is a member of the Russell 2000, is #837 in the Fortune 1000, has 11,000 employees, and had $2.27 billion in revenue in 2014.
Inn November 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.”
Verification request:
I am conducting a background investigation and am inquiring about how to obtain an employment verification for a previous employee of this company. Please reply with the contact name, telephone number and/or email address for the appropriate party that handles verification matters.
Any help in this matter will be highly appreciated.
Internal Reference Number: 325609131.
Thanks & Regards,
Molly Gonsalves
SPECIALIST
Sterling Diligence
o: 1.800.899.2272 X 8203
Molly.Gonsalves@ sterlingdiligence.com
sterlingdiligence.com
I need my transcripts from the Art Institute of Philadelphia who do I contact I cannot find any working numbers
I have tried 5 different phone numbers for the Art Institutes and Education Management Corp. None are working numbers. I need to speak to someone about a debt collection office calling about over$3,000 we supposedly owe to the Art Institute Fort Lauderdale. How can I get information, if all the numbers I find on the websites do not connect to anyone???
The company was sold to The Dream Institute in late 2017. You can reach them at 213 273 7000