|Day's Range||0.0000 - 0.0000|
|52 Week Range|
|PE Ratio (TTM)||-0.00|
|Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Goldman Sachs, Providence Equity Partners and Leeds Equity Partners acquired EDMC and its 70 schools for $3.4 billion in March 2006. Enrollment has dropped precipitously in the intervening decade, however, and is now estimated to be in the neighborhood of 65,000.
Education Management Corp scored a victory in its fight against an investor opposed to its $1.5 billion debt-cutting plan on Tuesday, when a U.S. appeals court overturned a decision in a closely watched case involving creditors' rights. The U.S. Court of Appeals in Manhattan said a lower court erred in its ruling that a Depression-era law, the Trust Indenture Act, barred Education Management's plan to restructure its debt. The appeals court also said the holdout creditor opposing the debt-cutting plan, Marblegate Asset Management LLC, could pursue its right to repayment by suing Education Management.
Just weeks after ITT Tech's demise, one of the largest school closures in US history, The...