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Adtalem Global Education

#2848

Rank

$4.66B

Marketcap

US United States

Country

Adtalem Global Education
Leadership team

Mr. Stephen W. Beard (Pres, CEO & Director)

Mr. Robert J. Phelan (Sr. VP & CFO)

Mr. Douglas G. Beck (Sr. VP, Gen. Counsel & Corp. Sec.)

Products/ Services
EdTech, Education, Higher Education
Number of Employees
1,000 - 20,000
Headquarters
Downers Grove, Illinois, United States
Established
1931
Company Registration
SEC CIK number: 0000730464
Net Income
100M - 500M
Revenue
Above - 1B
Traded as
ATGE
Social Media
Overview
Location
Summary
Adtalem Global Education Inc. provides workforce solutions worldwide. It operates through three segments, Chamberlain, Walden, and Medical and Veterinary. The Chamberlain segment offers degree and non-degree programs in the nursing and health professions postsecondary education industry. This segment operates Chamberlain University. The Walden segment offers online certificates, bachelor's, master's, and doctoral degrees, including nursing, education, counseling, business, psychology, public health, social work and human services, public administration and public policy, and criminal justice. This segment also operates Walden University. The Medical and Veterinary segment provides degree and non-degree programs in the medical and veterinary postsecondary education industry. This segment operates American University of the Caribbean School of Medicine, Ross University School of Medicine, and Ross University School of Veterinary Medicine. The company was formerly known as DeVry Education Group Inc. and changed its name to Adtalem Global Education Inc. in May 2017. Adtalem Global Education Inc. was incorporated in 1987 and is based in Chicago, Illinois.
History

Adtalem Global Education was a successor to two separate entities: DeVry Institutes and the Keller-Taylor Corporation . DeVry Technical Institute was acquired by the Bell & Howell company in 1966, and became part of its Education Group division. The school was renamed to DeVry Institute of Technology in 1968. In 1984, the education division was renamed DeVry, Inc. , and became publicly traded on the American Stock Exchange.

The Keller-Taylor Corporation was formed in 1973 by Dennis Keller and Ronald Taylor. Keller-Taylor was the holding company of CBA Institute in Chicago, which later became Keller Graduate School of Management. In 1987 Keller-Taylor acquired the DeVry Institutes from Bell & Howell and merged with Keller Graduate School of Management. The holding company's name changed to DeVry, Inc.

In 1991, DeVry became the first publicly traded education provider with an initial public offering on the NASDAQ stock exchange. In 1995, DeVry moved to the New York Stock Exchange and began trading under the symbol DV . In 2017, the company changed its ticker symbol to ATGE . In 1996 DeVry acquired Becker CPA Review, now Becker Professional Education. In 2002 DeVry Institute of Technology and Keller Graduate School of Management became DeVry University. The company diversified into healthcare in 2003 with the acquisition of Ross University and added Chamberlain College of Nursing in 2005.In 2007, DeVry expanded its reach into online education with the addition of Advanced Academics, an online secondary education that partners with schools and school districts across the United States. Carrington College, formerly known as Apollo College and Western Career College, joined DeVry in 2008. In 2009, DeVry acquired a majority stake in Fanor, later known as DeVry Brasil, a provider of post-secondary education with campuses located in northeastern Brazil. In June 2009, Standard and Poor's added Devry Inc. to its index of stocks, replacing newly-bankrupt General Motors.In 2011, DeVry continued its international reach with the acquisition of ATC International , which provides professional finance and accounting training in Central and Eastern Europe as well as Central Asia; and American University of the Caribbean, a medical school located in St. Maarten. In November 2013, DeVry Inc. was renamed DeVry Education Group.Daniel Hamburger resigned in 2016 as CEO of DeVry with a payout of 5.3 million dollars. Eight-year board member, Lisa Wardell was appointed president and CEO of DeVry Education Group. In 2017, DeVry Education was rebranded as Adtalem Global Education.In December 2018, Adtalem completed transferral of DeVry University and Keller Graduate School of Management properties to Cogswell Education LLC. This was completed just days after the transfer of Carrington College to San Joaquin Valley College.In 2019, Adtalem partnered with Dillard University, Charles Drew University of Medicine and Science, Florida Agricultural and Mechanical University, and Tuskegee University to increase physician diversity and entered into the Historically Black Colleges and Universities Partnership Challenge, created by the Bipartisan Congressional HBCU Caucus, to increase diversity in key workforce sectors.In September 2020, Adtalem Global Education Inc announced that it began the process of purchasing Walden University. In August 2021, Adtalem Global Education Inc completed its acquisition of Walden University for $1.48 billion.

Mission
We provide dynamic, career-focused degree programs that provide students with the knowledge and skills they need to succeed in their chosen fields, to create meaningful and fulfilling lives in a globally connected world.
Vision
Our vision is to be the premier leader in providing quality, career-focused academic programs that promote lifelong learning, personal and professional success, and economic prosperity.
Key Team

Mr. Maurice Herrera (Sr. VP & Chief Marketing Officer)

Mr. John W. Danaher M.D. (Pres of Medical & Veterinary)

Mr. Manjunath Gangadharan (VP & Chief Accounting Officer)

Chandrika Nigam (Sr. Director of Investor Relations)

Dr. Heidi Chumley M.D., MBA (Exec. Dean)

Dr. Sean Callanan MVB, MRCVS, CertVR, Ph.D., DipECVP, FRCPath (Dean)

Dr. William F. Owen Jr. (Dean & Chancellor - Ross University School of Medicine)

Recognition and Awards
Adtalem Global Education has been honored with multiple awards, including the 2019 Top Company Award from Comparably, 2018 Leadership in Diversity Award from the Executive Leadership Council, 2016 Excellence in Compliance Award from ACAMS, and the 2016 Dean of the Year Award from DeVry University.
References

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Adtalem Global Education
Leadership team

Mr. Stephen W. Beard (Pres, CEO & Director)

Mr. Robert J. Phelan (Sr. VP & CFO)

Mr. Douglas G. Beck (Sr. VP, Gen. Counsel & Corp. Sec.)

Products/ Services
EdTech, Education, Higher Education
Number of Employees
1,000 - 20,000
Headquarters
Downers Grove, Illinois, United States
Established
1931
Company Registration
SEC CIK number: 0000730464
Net Income
100M - 500M
Revenue
Above - 1B
Traded as
ATGE
Social Media