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Resource ID: #25419
Subject: Education
Source: Huffington Post
Affiliation: 
Date: March 9, June 16, July 29, Oct 14, Dec 30

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Education Management Corp. was already a swiftly growing player in the lucrative world of for-profit higher education, with annual revenues topping $1 billion, but it had its sights set on industry domination. So, five years ago, the Pittsburgh company's executives agreed to sell its portfolio of more than 70 colleges to a trio of investment partnerships for $3.4 billion, securing the needed capital for an aggressive national expansion.

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