March 7, 2006
Education Management Corp. Agrees to a Buyout Deal That Would Take the Company Private
Education Management Corporation, which enrolls 72,000 students on 72 campuses in 24 states, agreed to sell itself on Monday to two private equity firms for $3.4-billion, marking the first time a publicly traded higher-education company has turned private. The move triggered speculation among analysts that the deal could lead to other takeovers of for-profit colleges.
The purchase by Providence Equity Partners Inc. and the investment arm of Goldman Sachs Group Inc., which is
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