This article addresses the restructure by KKR

EDMC schools on federal list for poor financial management

The company completed the first phase of a two-part restructuring that would make creditors, led by investment firm KKR & Co., the majority owners in exchange for wiping out $1.1 billion in EDMC debt, leaving $400 million.

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Read more: http://triblive.com/business/headlines/8090206-74/edmc-schools-education#ixzz3WD6DyXFO

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Unfortunately, the damage is done, if you are smart you will need to get out before it is too late..No one is making their start numbers and there will be more bloodshed on the way, just look at University of Phoenix.

Yup what's worse is ed didn't do anything to address how he wss able to take over after todd was relessed...missed opportunity nets two dummies instead of two. Word

@ Camden- Spot on, plus other affected are some of these kool-aid infested idiot employees who are too dumb, deaf, or just plain retarded to see the reality. Good luck finding jobs elsewhere douchebag. Keep siding with the enemy, and get back on the phone.

@Anonymous87345, good luck experiencing the 4profit zombie college crash. It didn't have to be this way, but Goldman Sachs, Todd S. Nelson, and other predators took EDMC down the wrong road. And tens of thousands of people (maybe more) have been hurt--most of them students and their families.

Camden Kid...saw your hashtag on a starbucks cup again this week...#asshole go troll somewhere else. I'm don't need your updates.Find a new cause because this one is not your battle.

It's part of the "4profit zombie college crash." The remains of COCO are owned by ECMC. ITT Tech (ESI) isn't far behind. And many others are behind them.

Thread regarding Education Management Corporation layoffs

This article addresses the restructure by KKR

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