Education Management Corporation

Training Management Corporation ("EDMC") is a Pittsburgh, Pennsylvania-based administrator of revenue driven post-auxiliary instructive establishments in the United States and Canada. The organization was established in 1962 and was hoping to be delisted from the NASDAQ in November 2014. From June 2013 to June 2014, the organization has disposed of around 2,600 positions and grounds have been shut or are presently closing

In 2011, EDMC and its assistant, the Art Institutes, got more noteworthy open examination with the arriving of the Frontline record Educating Sergeant Pantzke. In the record, Iraq war veteran Chris Pantzke examined the unfortunate lack of disappointment associations at the school. As exhibited by Pantzke, "Being an officer, you would support not to stop, you would incline toward not to surrender or fall level." But in the wake of doing his own specific examination, Pantzke translated that the degree he was searching for after wasn't 'worth impressively more than the paper is worth.' And he felt he was "hurling subject cash" by utilizing GI Bill holds.

EDMC has opposed chief cash related issues, combining a 99% drop in the estimation of its stock and a defaulted security rating (waste security status). Under a pending appreciation, shareholder stock worth will be crippled an extra 96%.

EDMC is had for the most part by Goldman Sachs, which has a 43% stake in the association. It at present works 110 schools through its four impelled guideline structures, Argosy University, The Art Institutes, Brown Mackie College and South University. Enlistment for 2014 stayed at 120,920. As indicated by EDMC, understudy choice is predicted to reducing to 109,890 in 2015.

EDMC has been the subject of a few cases and examinations certifying that the affiliation had a go at deluding claims in its endeavors to pick understudies. The latest of which began from financial specialist inspector Brian H. Robb, who charged in the grievance that the affiliation's misleading enlisting practices and false tries to consent to government money related bolster regulations at its 110 grounds the country over did wide devilishness to scholars, who were kept inconsiderate through a lot of happy open explanations.