June 14, 2010 (FinancialWire) — Education Management Corp. (NASDAQ: EDMC), a provider of post-secondary education in North America, has authorized a stock repurchase program under which the company may purchase up to $50 million of its common stock through June 30, 2011.

The company has not repurchased any shares of its common stock during the last twelve months.

As of March 31, 2010, the company reported having around $472.6 million in unrestricted cash and cash equivalents.

Pennsylvania-based Education Management is a provider of post-secondary education in North America with a total of 98 locations in 30 U.S. states and Canada.

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