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argosy .edu. Argosy University was a Private university with campuses throughout the United States owned by Dream Center Education Holdings (DCEH), LLC and Education Management Corporation . On February 27, 2019, the U.S. Department of Education stated that they were cutting off federal funding to Argosy University. [2]
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Argosy University became part of EDMC in July 2001, when Education Management Corporation acquired Argosy Education Group. Argosy schools were sold along with other EDMC schools to Dream Center in 2017. All Argosy campuses were officially closed on March 8, 2019.
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In 2004, Argosy was acquired by Penn National Gaming (now Penn Entertainment). In June 2009, Penn National unveiled a much larger riverboat with a passenger capacity of nearly 9,000 guests and 4,400 gaming positions. The new boat also marked the changeover from the Argosy name to Penn National's primary brand, Hollywood Casino.
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