American Public Education, Inc. - APEI STOCK NEWS

Rasmussen University announced the Medical Assisting Wellness Grant on March 21, 2023, aimed at addressing the increasing demand for medical assistants in the U.S. The grant offers up to $2,250 in tuition assistance, helping students save approximately 16% on tuition costs. The program is available for new students enrolling in the Medical Assisting Diploma program starting in April, May, or July 2023. The Bureau of Labor Statistics projects a 16% growth in medical assistant employment by 2031, with around 123,000 annual job openings expected.

American Public Education, Inc. (Nasdaq: APEI) has appointed Michael D. Braner, a Managing Partner of 325 Capital, to its Board of Directors, effective March 28, 2023. Braner brings extensive investment experience and is an existing shareholder with a 4.9% stake in APEI. His addition is expected to enhance the company's long-term value creation. Both APEI's management and Braner expressed enthusiasm for this collaboration, aiming to improve shareholder value. The appointment follows a Cooperation Agreement between APEI and 325 Capital, which includes a standstill provision.

American Public Education reported financial results for Q4 2022, revealing a 1.0% decrease in consolidated revenue to $152.4 million. Notably, the net loss available to common stockholders was $6.6 million, a stark decline from the $9.4 million net income in Q4 2021. Adjusted EBITDA fell 48% year-over-year to $15.4 million. Unrestricted cash and equivalents totaled $102.6 million, marking a $20 million decrease from the previous year. The report highlights a 9% drop in total enrollment at Rasmussen University, although American Public University System saw a 1% increase in net course registrations.

American Public Education, Inc. (NASDAQ: APEI) will announce its fourth quarter and full year 2022 financial results on March 14, 2023, following the closure of U.S. markets. A live earnings conference call will be held at 5:00 p.m. Eastern on the same day, accessible via the company's investor relations website. A replay will be available two hours after the call and can be accessed for six months. APEI provides education through institutions such as American Public University System and Rasmussen University, serving approximately 88,000 adult learners worldwide.

The American Public University System (APUS) has received specialized accreditation for its Bachelor's and Master's programs in Sports Management from the Commission on Sport Management Accreditation (COSMA). This recognition places APUS among 35 universities worldwide and validates its commitment to high-quality sports education until February 2030. Dr. Brittany Jacobs, Chair of the Sports Management & Esports Department, emphasized that this accreditation prepares students to impact the sports industry significantly. COSMA's accreditation is vital for promoting excellence in sport management education.

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.