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American Public Education, Inc. (NASDAQ: APEI) is a leading provider of higher education services committed to transforming lives by preparing students for excellence in service, leadership, and achievement. Through its wholly owned subsidiaries, APEI offers respected, career-relevant, and affordable academic programs and services to a diverse range of students worldwide. The company operates under several key institutions, including the American Public University System (APUS), which encompasses the American Public University (APU) and the American Military University (AMU), as well as the National Education Seminars, Inc., known as Hondros College of Nursing.
APEI offers nearly 100 degree programs in fields that range from homeland security, military studies, intelligence, and criminal justice to technology, business administration, public health, nursing, and liberal arts. The American Public University System is a pioneer in online education, with over 137,000 alumni from more than 100 countries, and is expanding its reach globally to integrate emerging technologies, such as AI-powered classrooms and personalized digital services, to enhance teaching and learning experiences.
Rasmussen University, another key entity under APEI, is a 120-year-old institution focused on nursing and health sciences, serving approximately 13,500 students across its 22 campuses in six states and online. It offers a full range of nursing education from Practical Nursing to Doctor of Nursing Practice (DNP). Rasmussen University has introduced new grants and tuition reimbursement programs in collaboration with organizations like GuideWell and Saber Healthcare Group to support workforce development and higher education affordability.
The Hondros College of Nursing provides pre-licensure nursing education at eight campuses across Ohio, Indiana, and Michigan, making it the largest educator of PN (LPN) nurses in Ohio. It is expanding its program offerings, such as the new Medical Assisting program, to meet the growing demand for healthcare professionals.
APEI’s financial condition remains robust, with a strong liquidity position and consistent revenue growth. In the first quarter of 2024, APEI reported consolidated revenues of $154.4 million, marking a year-over-year increase of 3.2%. The company’s financial stability is further confirmed by its recognition as one of the world’s top EdTech companies by TIME Magazine and Statista Inc.
Overall, APEI's commitment to innovation in education, strong partnerships, and emphasis on affordability and accessibility positions it as a significant player in the higher education sector, continually striving to meet the evolving needs of students, communities, and industries.
Rasmussen University appointed John Lock as its new President, set to start on April 17. With extensive experience in healthcare and education, Lock aims to enhance career-focused programs, especially in nursing. He previously held roles at MedStar Health and Kaplan, Inc., leading significant transformations. The University, noted for its commitment to underserved populations, educates over 17,000 students across 22 campuses and offers a range of healthcare education programs. The Board thanked Acting President Javier Miyares for his leadership during the transition.
Graduate School USA (GSUSA) has appointed J.R. "Pepe" Carreras as its new President, effective January 18, 2023. Carreras brings over 30 years of experience in global customer success and marketing, with 15 years focused on education solutions. He previously held leadership roles at National Student Clearinghouse and College Board, where he significantly increased revenue and student engagement. APEI President Angela Selden expressed confidence in Carreras' ability to advance GSUSA’s strategic growth plan, particularly in workforce development. Steve Somers, who acted as President after GSUSA's acquisition, will now serve as Executive Advisor.
Graduate School USA (GSUSA) announced the appointment of J.R. "Pepe" Carreras as its new President on January 18, 2023. With over 30 years of expertise in global customer success and education solutions, Carreras aims to advance GSUSA's mission in workforce development. Previously, he served as Vice President of Education Solutions at National Student Clearinghouse and held a leadership position at the College Board, where he significantly increased revenue and student engagement. Carreras succeeds Steve Somers, who acted as President following GSUSA's acquisition. GSUSA is a subsidiary of American Public Education, Inc. (Nasdaq: APEI).
Rasmussen University has announced the relocation and expansion of its Topeka, Kansas campus, moving to a new site at 3712 Southwest Burlingame Road. The new facility will boast advanced lab facilities, including a nursing skills laboratory with simulation rooms and high-tech classrooms. This transition aims to provide a more innovative learning environment in conjunction with the university's 10th anniversary in Topeka. Classes will continue at the current location until the new campus opens in spring 2023, enhancing the educational experience for students across various career-focused programs.
Rasmussen University announced the launch of three Post-Graduate Nursing Certificates aimed at enhancing specialization for nurses holding MSN or DNP degrees. These certificates, priced under $5,000, can be completed in as little as six months. The new programs focus on Nursing Leadership and Administration, Nursing Education, and Healthcare Technology, Simulation and Informatics. With a rising demand for nurse educators and tech-savvy practitioners, these certificates provide an accessible pathway for experienced nurses to expand their skills and career opportunities.
American Public Education, Inc. (APEI) reported a 52% increase in consolidated revenue to $149.5 million for Q3 2022, up from $98.2 million in Q3 2021. This growth was driven by the inclusion of Rasmussen University and Graduate School USA revenues. However, the company reported a net loss of $3.8 million, a significant increase from a $0.3 million loss in the prior year. Total cash and cash equivalents rose 24% to $185.5 million. The transition to ArmyIgnitED 2.0 has impacted accounts receivable, with $13.8 million outstanding from the Army, raising concerns over cash flow.
American Public Education, Inc. (NASDAQ: APEI) will announce its third-quarter 2022 results after U.S. markets close on November 8, 2022. A live webcast of the earnings conference call is scheduled for 5:00 p.m. Eastern on the same day, accessible via their investor relations website. A replay will be available for six months post-call. APEI, which includes institutions like the American Public University System and Rasmussen University, focuses on providing career-oriented higher education to adult learners, military personnel, and nursing students.
Rasmussen University is hosting its 12th Annual Women’s Leadership Breakfast on October 28 at 8:00 a.m. Central, focusing on the theme “Feel Strongly. Lead Wisely.” The event, featuring diversity expert Bettina Straight, will emphasize empathy's role in professional success. Attendees can join virtually or at local viewing parties across Florida, Illinois, and Minnesota. This year’s event coincides with “Rasmussen Gives Back,” promoting community service and volunteerism. The initiative aims to empower women and foster leadership.
American Public University System (APUS) will host the 2022 ResearchFest, a free virtual event from October 24-28. Themed 'Research for the Public Good', it will feature panels showcasing research across disciplines, emphasizing collaboration among scholars. Highlights include talks by faculty on various research topics and a Lightning Talk Competition for students. The conference aims to inspire scholarly work in critical areas like national security and public service. More details and access to presentations can be found on the official website.
Rasmussen University is set to host its sixth annual Virtual Career Fair on October 18 from 10 a.m. to 2 p.m. CDT, allowing participants to connect with up to 50 leading employers nationwide. The theme, “Rise to Your Next Level”, aims to combat underemployment, which affects 43% of workers in their initial jobs, leading to a potential $10,000 earnings gap. The event features expert-led webinars and encourages candidate-focused recruitment, promoting discussions about company culture and social responsibility.
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