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History

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 Robert B. Knutson (retired Chairman of the Board) becomes President and Co-Chief Executive Officer of the Company.
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 to position the Company for increased growth. 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.
November 1995 The Company acquires the Ray Vogue School and renames the main campus The Illinois Institute of Art — Chicago and the suburban campus The Illinois Institute of Art — Schaumburg.
January 1996 The Company opens its first start-up school, The Art Institute of Phoenix.
August 1996 The Company acquires The New York Restaurant School, now The Art Institute of New York City.
October 1996 The Company completes an initial public offering, raising approximately $45 million.
January 1997 The Company acquires Lowthian College in Minneapolis and renames the school The Art Institutes International Minnesota.
October 1997 The Company opens a new school, The Art Institute of California - Los Angeles.
December 1997 The Company acquires the Louise Salinger Academy of Fashion in San Francisco and renames the school The Art Institute of California - San Francisco
February 1998 The Company acquires Bassist College in Portland, Ore. and later renames the school The Art Institute of Portland.
October 1998 The Company purchases the Socrates Distance Learning Technologies Group, an online learning content development and training facilitator.
December 1998 The Company announces a 2-for-1 split of its Common Stock.
August 1999 The Company acquires Massachusetts Communications College, located in Boston. The school is now named The New England Institute of Art.

The Company also acquires the American Business & Fashion Institute, in Charlotte, NC. The school is renamed The Art Institute of Charlotte.
October 1999 The Company receives approval from the Pennsylvania Department of Education to offer bachelor's degree programs at The Art Institute of Pittsburgh and The Art Institute of Philadelphia.

The Art Institute of Atlanta celebrates its 50th anniversary.
July 2000 Classes begin at two new schools, The Art Institute of Los Angeles — Orange County and The Art Institute of Washington in Arlington, Virginia.
August 2000 The Illinois Institute of Art — Schaumburg introduces the Center for Professional Development, a series of academic programs for working professionals.

The Company's new distance learning division, The Art Institute Online, is approved to offer associate's and bachelor's degrees in Graphic Design.
October 2000 The Company acquires The Art Institute of California in San Diego.
April 2001 The Company acquires The Design Institute and renames it The Art Institute of Las Vegas.
July 2001 The Company and Argosy Education Group announce a merger/acquisition to be completed by the end of the calendar year.
September 2001 The Company acquires certain assets of ITI Education Corporation based in Halifax, Nova Scotia, Canada. The purchase included schools in Halifax, Toronto, and Vancouver. ITI offers a post-graduate business education program.

The Company acquires International Fine Arts College (IFAC) located in Miami, Florida.
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.
September 2002 The Company opens a new campus, Argosy University — Dallas.
October 2002 The Company acquires the Center for Digital Imaging and Sound (CDIS) in Burnaby, British Columbia, Canada; and, The California Design College, located in Los Angeles, California.
November 2002 The Company completes the acquisition of The Institute of Digital Arts (IDA), located in Richmond, British Columbia, Canada.
April 2003 The Company announces acquisition of South University, of Savannah, Georgia.
June 2003 The Company announces purchase of Dubrulle International Culinary & Hotel Institute of Canada, in Vancouver, British Columbia.

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.
September 2003 The Company names John R. McKernan as chief executive officer. Robert B. Knutson remains as company chairman.
October 2003 The Company closes purchase of Bradley Academy for the Visual Arts in York, PA; and, Dubrulle International Culinary & Hotel Institute of Canada, in Vancouver, British Columbia.
November 2003 The Company announces a 2-for-1 split of its Common Stock.
January 2004 The Company opens The Art Institute of Tampa and Argosy University Tampa.
April 2004 South University announces online bachelor's degree programs to launch in July 2004.

The Art Institute of Ohio - Cincinnati announces plans to begin classes in July 2004.
July 2004 South University launches first online bachelor of science degree programs in information technology and business administration.
November 2004 In an effort to provide a common identity among its 18 schools, American Education Centers name is changed to Brown Mackie College.

Brown Mackie College — Miami opens its doors.
February 2005 The Company's Western State University College of Law is granted provisional accreditation approval by the American Bar Association.
January 2006 Two new Art Institute schools open as The Art Institute of Indianapolis and The Art Institute of California — Inland Empire.
February 2006 The Company takes 40,000 square feet to consolidate 275 employees working in its fast-growing, online higher education division.
March 2006 The Company announces agreement to be acquired by a consortium of investors for $43 per share in $3.4 billion transaction.
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.

Robert B. Knutson officially retires as chairman of the board of directors for The Company.

The new Argosy University — Inland Empire celebrates its first day of classes.
July 2006 The new South University — Tampa opens its doors to new students and becomes the fifth location for South University.
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's online division.
October 2006 The Company announces the new Art Institute of Tennessee — Nashville and relocates Argosy University — Nashville to a co-location.
January 2007 South University Receives 10-year accreditation from the Commission on Colleges, Southern Association of Colleges and Schools.
February 2007 The Company appoints Todd Nelson as Chief Executive Officer. Jock McKernan is appointed Executive Chairman.
April 2007 The new Art Institute of Charleston holds its first day of classes.
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.
June 2007 The Company finalizes acquisition of Tucson Design College and Chaparral College in Tucson, AZ and renames the schools The Art Institute of Tucson and Brown Mackie College - Tucson.
July 2007 Brown Mackie College - Louisville celebrates its relocation to a new 25,000 square foot school with ribbon cutting ceremony.

Argosy University introduces its first four-year bachelor’s degree programs.
August 2007 The Art Institute of Salt Lake City in Draper, UT holds its first day of classes.
October 2007 The new Art Institute of California - Sacramento opens its doors to students.
November 2007 Located in Novi (a suburb of Detroit), the new Art Institute of Michigan holds its first day of classes.

The culinary programs offered at The Art Institutes system of schools are renamed as “The International Culinary Schools at The Art Institutes.”

The Art Institute of Ohio - Cincinnati celebrates its relocation to a new facility with special grand opening ceremony.
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.
January 2008 Craig Swenson, PhD, begins serving as the new president of Argosy University.

Brown Mackie College - Indianapolis holds its first day of classes. It is the school system's fifth location in Indiana.

The Art Institute of Atlanta - Decatur opens its doors to students. The school is a satellite campus of The Art Institute of Atlanta.
March 2008 Two new Art Institute locations, in Austin, TX and Sunnyvale, CA, begin classes.
June 2008 The Art Institute of Pittsburgh is granted accreditation by the Middle States Commission on Higher Education.

Argosy University, Chicago campus and Argosy University administrative offices relocate to a new 70,383 square foot space at Michigan Plaza in Chicago.
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.
August 2008 Two new Art Institutes locations begin classes: The Art Institutes International – Kansas City (located in Lenexa, KS) and The Art Institute of Raleigh – Durham.

Argosy University is granted another seven years of regional accreditation through 2014-2015, from the Higher Learning Commission.

South University’s College of Nursing receives approval by the South Carolina State Board of Nursing to expand Bachelor of Science in Nursing program to its Columbia campus.
September 2008 Argosy University opens its 19th campus, Argosy University, Salt Lake City, in Draper, UT.

As the Company's first school location in Idaho, Brown Mackie College – Boise holds its first day of class.
October 2008 Brown Mackie College – Tulsa opens doors in Oklahoma, as the school system’s 20th location nationwide.
December 2008 The Company announces that John R. McKernan, Jr., Executive Chairman of its Board of Directors, will become non-executive Chairman effective as of January 1, 2009.

The Company also announces the appointment of Edward H. West as President and Chief Financial Officer. Mr. West previously served as the company’s Executive Vice President and Chief Financial Officer.
May 2009 The Art Institute of Houston – North, a branch campus of The Art Institute of Houston, holds its first day of classes.

Brown Mackie College – Phoenix opens its doors to students, as the school system’s second school location in Arizona.
July 2009 The Company announces the appointment of John Kline as new president of EDMC Online Higher Education.

Western State University College of Law is granted full accreditation approval from the American Bar Association.
October 2009 The Company becomes a publicly-traded company once again, listing on the NASDAQ as EDMC.

Brown Mackie College – Greenville begins classes, marking the school system’s first school opening in South Carolina.

Located in Sterling, VA, The Art Institute of Washington – Northern Virginia, a branch of The Art Institute of Atlanta, opens its doors to students.

South University – Richmond holds its first day of classes. The Richmond campus is the school system’s sixth location nationwide and first to open in Virginia.
January 2010 The Art Institute of Virginia Beach, a branch of The Art Institute of Atlanta, opens its doors to students. The campus is the school system's third location in Virginia.
February 2010 Classes begin at Brown Mackie College — St. Louis, the school system's first location to open in the state of Missouri.
April 2010 South University-Virginia Beach welcomes students, becoming the Company's second location to open its doors in Virginia Beach this year.

The Art Institute of Fort Worth – a branch of The Art Institute of Dallas – holds its first day of classes. It is the school system's fifth location in the state of Texas.

The Brown Mackie College family of schools expands to 24 schools in 13 states, as Brown Mackie College-Albuquerque begins classes. The school is The Company's first location in New Mexico.
June 2010 The Company expands is headquarter operations by opening a new 41,000 square-foot data center in Robinson Township, PA.
July 2010 The Art Institute of San Antonio, a branch of The Art Institute of Houston, begins classes as the school system’s sixth location in Texas.
October 2010 The Art Institute of Wisconsin, located in the Historic Third Ward district in Milwaukee, begins classes. This is The Company's and the school system's first school location in the state.

South University opens doors to students at its Novi, Michigan campus in suburban Detroit.

Brown Mackie College – San Antonio starts classes as the school system’s 25th school location.
April 2011 Classes start at The Illinois Institute of Art – Tinley Park. The new school will serve as a complement to The Illinois Institute of Art with campuses in Chicago and Schaumburg.

Brown Mackie College – Birmingham opens its doors to students. It is the school system’s first location in Alabama.
August 2011 Classes start at Brown Mackie College – Oklahoma City. It is the school system’s second location in Oklahoma.
October 2011 Classes start at The Art Institute of Michigan — Troy, an additional location of The Illinois Institute of Art — Chicago.
November 2011 Classes start at South University – Austin. This is South University’s first location in the state of Texas.
April 2012 Classes start at South University – Cleveland. This is South University’s first location in the state of Ohio.

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 The Art Institutes system of schools first Missouri school location, The Art Institute of St. Louis, opens its doors to students.

Brown Mackie College – Dallas holds its first day of classes. The new school is Brown Mackie College’s system of schools second location in the state of Texas.

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.
August 2012 EDMC announces that John R. McKernan, Jr., will step down as Chairman of its Board of Directors, effective August 15, 2012. He will remain a member of the Company's Board of Directors. Mr. McKernan has served as the Company's Chairman since June 2006, and served as Chief Executive Officer from 2003 to 2007.

Also, the Board of Directors has named Todd S. Nelson, the Company’s Chief Executive Officer since 2007, to succeed Mr. McKernan as Chairman of the Board of Directors, while Edward H. West, President and Chief Financial Officer, will become the Company's new Chief Executive Officer. Randall Killeen, the Company's Vice President – Controller, will serve as acting Chief Financial Officer upon Mr. West's appointment as Chief Executive Officer.

The Art Institute of Philadelphia was granted initial accreditation by The Middle States Commission on Higher Education, an important validation of how the school has woven academic rigor into its core mission of preparing graduates for careers.
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.
January 2013 South University, High Point holds its first day of classes, serving students in the Piedmont Triad of North Carolina.