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EDMC history
EDMC company history timeline
In 2003 EDMC acquired the health sciences-focused South University 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 2011, EDMC and its then-subsidiary, the Art Institutes, received greater public scrutiny with the release of the Frontline documentary: Educating Sergeant Pantzke.
In 2012, Edward West replaced Todd Nelson as CEO, while Nelson replaced McKernan as chairman.
The decrease in enrollment, coupled with pending changes to the United States Department of Education'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.
EDMC was delisted from the NASDAQ in November 2014.
On May 6, 2015 EDMC announced it would begin closing 15 of its Art Institute locations, citing declining enrollment and restructuring.
As of 30 June 2018, it was announced that EMDC filed for Chapter 7 bankruptcy and began to liquidate its assets.
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Zippia gives an in-depth look into the details of EDMC, including salaries, political affiliations, employee data, and more, in order to inform job seekers about EDMC. The employee data is based on information from people who have self-reported their past or current employments at EDMC. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by EDMC. The data presented on this page does not represent the view of EDMC and its employees or that of Zippia.
EDMC may also be known as or be related to EDMC and Edmc.