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2 Companies Plan to Buy a Chain of For-Profit Colleges for $3.4-Billion - Archives - The Chronicle of Higher Education


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Education Management Corporation, which enrolls 72,000 students on 72 campuses in 24 states, agreed to sell itself last week to two private equity firms for $3.4-billion, becoming the first publicly traded higher-education company to turn private. The move triggered speculation among analysts that the deal could lead to other takeovers of for-profit colleges.

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