Monday, March 06, 2006

Culture Education Management Said to Be Sold for $3.4 Billion. The Education Management Corporation is planning to announce that it has agreed to be sold to Providence Equity Partners and the private equity arm of Goldman Sachs for $3.4 billion. By ANDREW ROSS SORKIN. [NYT > Education] "The transaction is the largest buyout in the for-profit education sector and could presage a wave of similar deals. Education Management, which manages private post-secondary education institutions around the country, currently has about 72,000 students." 5:08:26 PM    comment