Education Management Corporation provides post-secondary education in North America. The company offers campus-based education through four different education systems and through online platforms at three of the four education systems, or through a combination of both. The company had approximately 125,560 enrolled students, as of October 2013. Its educational institutions offer students the opportunity to earn undergraduate and graduate degrees, including doctoral degrees, and certain specialized non-degree diplomas in a range of disciplines. These disciplines include media arts, health sciences, design, psychology and behavioral sciences, culinary, business, fashion, legal, education and information technology. As of June 30, 2014, the company’s 110 school locations had 18 accredited institutions that were eligible to participate in Title IV federal financial aid programs administered by the U.S. Department of Education. Segments The company’s four education systems comprise its segments, which are The Art Institutes, Argosy University, Brown Mackie Colleges and South University. The Art Institutes This segment focus on applied arts in creative professions, such as graphic design, media arts and animation, culinary arts, photography, digital filmmaking and video production, interior design, audio production, fashion design, game art and design, baking and pastry, and fashion marketing. This segment offers associate’s, bachelor’s, and master’s degree programs, as well as selective non-degree diploma programs. Students pursue their degrees through local campuses, fully-online programs through The Art Institute of Pittsburgh, Online Division and blended formats, which combine campus-based and online education. As of June 30, 2014, there were 51 Art Institutes campuses in 25 U.S. states and in Canada. Argosy University This segment offers academic programs in psychology and behavioral sciences, business, legal, education and health sciences disciplines. It offers doctoral, master’s and undergraduate degrees through local campuses, fully-online programs and blended formats. Argosy University’s academic programs focus on graduate students seeking advanced credentials as a prerequisite to initial licensing, career advancement and/or structured pay increases. As of June 30, 2014, there were 20 Argosy University campuses in 13 U.S. states. This segment includes Western State College of Law, which offers Juris Doctor degrees; and the Ventura Group, which provides courses and materials for post-graduate licensure examinations in the behavioral sciences fields and continuing education courses for K-12 educators. Brown Mackie Colleges This segment offers flexible associate’s and non-degree diploma programs that enable students to develop skills for entry-level positions in high demand vocational specialties and bachelor’s degree programs that assist students to advance within the workplace. Brown Mackie Colleges offer programs in fields, such as medical assisting, business, criminal justice, occupational therapy assistant, healthcare administration, and veterinary technology. As of June 30, 2014, there were 28 Brown Mackie College campuses in 15 U.S. states. South University This segment offers academic programs in health profession and business disciplines, including business administration, health sciences, nursing, criminal justice, psychology, information technology, and healthcare management. This segment offers doctoral, master’s, bachelor’s and associate’s degrees through local campuses, fully-online programs and blended formats. As of June 30, 2014, there were 11 South University campuses in 9 U.S. states. Strategy The company’s strategy includes the following: focusing on student outcomes; improving the affordability of programs; striving to achieve high standards of compliance across the organization; and integrating accredited institutions. Target Markets The company targets a diverse audience, including traditional new college students, working adults seeking education in a non-traditional college setting, and working adults focused on the practicality and convenience of online education. Seasonality The company’s quarterly revenues and income fluctuate primarily as a result of the pattern of student enrollments at its schools. Its first fiscal quarter is a lowest revenue recognition quarter due to student vacations. Canadian Regulation and Financial Aid The Art Institute of Vancouver is subject to regulation in the Province of British Columbia and in the provinces in which it recruits students. History Education Management Corporation, a Pennsylvania corporation, was founded in 1962.
education management corp (EDMC:OTC US)
210 Sixth Avenue
Pittsburgh, PA 15222
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