| 1962 |
Education Management Corporation ("The company") is incorporated in Pennsylvania. |
| 1970 |
The company makes its first acquisition, The Art Institute of Pittsburgh, offering art and design programs. |
| 1971-1985 |
During the 1970s to the mid-1980s, EDMC grows through starting and acquiring eight additional schools. The company expands these schools by investing in facilities and equipment, upgrading and adding faculty and student services, new academic programs and establishing a national marketing presence. |
| 1988 |
In October, The Art Institute of Fort Lauderdale introduces the company's first bachelor's programs. |
| 1994 |
The company begins to implement strategic changes. These include: networking and classroom technology; new education program offerings; establishment or acquisition of schools in attractive markets; and initiatives to improve graduation rates and graduates' starting salaries. |
| October 1995 |
The Art Institute of Pittsburgh celebrates its 75th anniversary. |
| October 1996 |
The company completes an initial public offering, raising approximately $45 million. |
| October 1998 |
The company purchases the Socrates Distance Learning Technologies Group, an online learning content development and training facilitator. |
| October 1999 |
The Art Institute of Atlanta celebrates its 50th anniversary. |
| August 2000 |
The company's new distance learning division, The Art Institute of Pittsburgh – Online Division, is approved to offer associate of science and bachelor of science degrees in Graphic Design. |
| July 2001 |
The company and Argosy Education Group announce a merger/acquisition to be completed by the end of the calendar year. |
| December 2001 |
The company completes a stock offering of 5,175,000 shares of its common stock, including approximately 4,165,000 shares sold by the company, raising $127 million of additional equity.
The company's acquisition of Argosy Education Group is completed on December 21, 2001. |
| April 2003 |
The company announces acquisition of South University, of Savannah, Georgia. |
| June 2003 |
The company announces the purchase of American Education Centers, headquartered in Cincinnati, and its 18 affiliated schools. |
| July 2003 |
The company closes the purchase of South University, of Savannah, Georgia. |
| July 2004 |
South University launches first online bachelor of science degree program in Information Technology and Bachelor of Business Administration degree program. |
| November 2004 |
In an effort to provide a common identity among its 18 schools, American Education Centers name is changed to Brown Mackie College system of schools. |
| February 2005 |
The company's Western State University College of Law is granted provisional accreditation approval by the American Bar Association. |
| June 2006 |
On June 1, 2006, a consortium of investors acquire The company in a transaction valued at approximately $3.4 billion. The principal investors in The company are Providence Equity Partners, Goldman Sachs Capital Partners and Leeds Equity Partners. |
| August 2006 |
South University’s School of Pharmacy receives full accreditation by the Accreditation Council for Pharmacy Education (ACPE). |
| September 2006 |
The company's Argosy University launches five programs online through Argosy University, Online Programs. |
| May 2007 |
The Brown Mackie College school locations in Indiana begin offering Bachelor of Science degree programs in Legal Studies, Criminal Justice, and Business Administration; the first bachelor-level degree programs for the school system. |
| July 2007 |
Argosy University introduces its first four-year bachelor’s degree programs. |
| November 2007 |
The culinary programs offered at The Art Institutes system of schools are renamed as "The International Culinary Schools at The Art Institutes." |
| December 2007 |
The company files a registration statement with the U.S. Securities and Exchange Commission for a proposed initial public offering of its common stock. |
| June 2008 |
The Art Institute of Pittsburgh is granted accreditation by the Middle States Commission on Higher Education. |
| July 2008 |
The Board of Trustees of South University approved the creation of two new colleges: the College of Nursing and the College of Arts and Sciences. |
| July 2009 |
Western State University College of Law is granted full accreditation approval from the American Bar Association. |
| June 2010 |
The company expands is headquarter operations by opening a new 41,000 square-foot data center in Robinson Township, PA. |
| April 2012 |
The U.S. Department of Education approves the merger of Argosy University, The Art Institute of California, and Western State University College of Law, under the Accreditation Commission for Senior Colleges and Universities of the Western Association of Schools and Colleges institutional accreditation. As such, the eight California locations of The Art Institutes have become The Art Institute of California, a college of Argosy University and Western State University College of Law has become Western State College of Law at Argosy University. |
| July 2012 |
EDMC's Western State College of Law at Argosy University announces its 92% pass rate for graduates taking the California Bar Exam for the first-time. These results place the law school first in the rankings among all American Bar Association (ABA) accredited law schools in the state of California for the February 2012 exam. |
| November 2012 |
The Brown Mackie College system of schools adopts technology into education, converting students at all of its schools nationwide to 100 percent e-textbooks and Apple iPad technology. |
| May 2013 |
The Association of Private Sector Colleges and Universities honored The Art Institutes education system and its graduates with three top awards – the Hall of Fame Emeritus Award, the Hall of Fame Award and the Most Innovative Best Practices/New Program Award. |
| September 2013 |
GI Jobs Magazine has selected schools from all four of the company's education systems for recognition and inclusion in its list of Military Friendly Schools® for 2014 |
| September 2014 |
EDMC finalized a Restructuring Support Agreement to reduce the company’s funded debt by $1.1 billion. |
| November 2014 |
The company delists from the NASDAQ. |
| December 2014 |
Military Advanced Education and Victory Media selected schools from all four of the organization's education systems for best practices in military and veteran education for the year. |
| March 2015 |
The Art Institute of Vancouver named to The Princeton Review’s list of the top 25 undergraduate schools for studying video game design for the sixth year in a row. |
| April 2015 |
EDMC completed a capital restructuring agreement with debt holders cancelling in excess of $1.3 billion of outstanding debt in exchange for the issuance of two senior secured term loans due July 2, 2020 in the aggregate principle amount of $400 million, mandatorily convertible preferred stock, optionally convertible preferred stock and warrants for common stock. |
| May 2015 |
EDMC signed a Statement of Support for the Department of Defense Employer Support of the Guard and Reserve (ESGR), a U.S. Department of Defense office that promotes cooperation and understanding between Reserve Component Service members and their civilian employers. |
| June 2015 |
The Accreditation Council for Business Schools and Programs (ACBSP) Baccalaureate/Graduate Degree Board of Commissioners awarded Argosy University initial accreditation of business programs across 19 campuses and its online division. |
