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Last updated at November 25th, 2020EDMC Stock traded at: NASDAQ Industry Code: 5922 About Education Management Corporation: Provides career-focused post-secondary education. Revenue information: Education Management Corporation is located in Pittsburgh, PA (Pennsylvania). It was established in 1962. 2004 estimated revenue was $853.0 million. 2007 Estimated revenue was $1.4 billion.
Status : OnlineEDMC has continued to announce further employee layoffs. In June of 2015, 300 employees were laid off. In October, 2015, another 115 employees were laid off. In August of 2015, President and CEO of EDMC, Edward West, announced his resignation. Mark A. McEachen, a member of the EDMC Board of Directors, was named as West's successor.
Status : OnlineEducation Management Corporation ("EDMC") was a Pittsburgh, Pennsylvania-based operator of for-profit 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 higher education divisions: Argosy University, The Art Institutes, Brown Mackie College, and South ...
Status : OnlineEducation Management Corporation, a large for-profit chain, last week announced layoffs of 200 employees in the online division of its Art Institute of Pittsburgh, the Pittsburgh Post-Gazette reported. The company has struggled with slumping revenue and enrollments in recent years, as well as federal and state lawsuits and investigations. Last year it announced the closure of
Status : OnlineAccording to a brilliant three-month investigative project by the Maine Sunday Telegram in 2016, McKernan also ran a non-profit arm of EDMC out of his offices in Portland Maine. The paper reported that from 2003-2012, the EDMC Foundation was run and staffed by former aides and employees of McKernan and Snowe.
Status : OnlineEDMC's former chief financial officer, who retired soon after the buyout, told Senator Harkin's staff in 2010: "You take on that amount of private-equity debt, you need to earn high rates of return for these investors, I was worried that the quality of the experience for employees and students was going to deteriorate."
Status : OnlineThe Pittsburgh for-profit education company confirmed that positions at “several” Art Institutes had been terminated.
Status : OnlineLayoffs are underway at Education Management Corporation (EDMC), which yesterday told City Paper and other media only that the moves were a "possibility.". Sources at the company's offices in the ...
Status : OnlineDue to economic downturns and the for-profit industry receiving numerous lawsuits and scrutiny over job placement rates EDMC took a major hit. There was many layoffs due to the above mentioned however there seems to be a more steady business plan put in place with the newest Chancellor in place. The education side of EDMC is amazing.
Status : OnlineProgress report regarding de-silting of Drain/Nallah in EDMC (01.10.17 to 02.07.18) Report regarding water sprinkling done on various roads of EDMC on 30.06.2108 Report regarding water sprinkling done on various roads of EDMC on 28.06.2108 Initiatives taken by the EDMC to control Air Pollution
Status : OnlineTroubleshoot
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