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Adtalem Global Education Inc. (symbol: ATGE) is a prominent American for-profit educational company that empowers students to achieve their educational and career goals. The company operates through a series of educational institutions that provide a broad range of degree programs in fields such as healthcare, business, technology, accounting, finance, and law.
Founded with the mission to offer quality education, Adtalem is the parent organization of several well-known institutions, including the American University of the Caribbean School of Medicine, Chamberlain College of Nursing, Ross University School of Medicine, and Ross University School of Veterinary Medicine. It also oversees institutions like DeVry University and its Keller Graduate School of Management, DeVry Brasil, Carrington College, and Becker Professional Education.
Adtalem boasts over 90 campuses and a robust online learning offering. This flexibility allows them to cater to a diverse student body, offering associate, bachelor's, and postgraduate degrees. Enrollment in business-related programs represents nearly half of the total student body, with technology and healthcare programs also attracting significant numbers.
Financially, Adtalem derives the bulk of its revenue from student enrollment fees, primarily funded through federal financial aid programs such as Pell Grants. The company continually strives for excellence by keeping up with the latest educational trends and ensuring high standards across all its programs.
Recent achievements of Adtalem include partnerships with various healthcare organizations to enhance clinical training for nursing students and collaborations with businesses to provide real-world experience for technology and business students. The company's commitment to innovation and student success has made it a respected leader in the education sector.
Adtalem Global Education announced that Steve Beard, president and CEO, has been unanimously elected as board chairman, effective immediately. He succeeds Michael W. Malafronte, who transitions to lead independent director. Under Beard's leadership, who joined as CEO in September 2021, Adtalem has transformed into the leading healthcare educator in the U.S., particularly following the Walden University acquisition in August 2021.
The company's Growth with Purpose strategy has shown significant results, with total enrollment exceeding 90,000 students, representing an 11.2% year-over-year growth. Approximately 90% of students are enrolled in healthcare-focused programs, serving over 350,000 alumni.
Adtalem Global Education reported strong Q1 FY2025 results with significant growth across key metrics. Revenue increased 13.2% year-over-year to $417.4 million, while total enrollment grew 11.2% to 90,140 students. Chamberlain University achieved record enrollment with 11.7% growth, and Walden University saw 12.2% enrollment growth. The company reported diluted EPS of $1.18 and adjusted EPS of $1.29, up 38.7% YoY. Based on strong performance, Adtalem raised its FY2025 guidance, projecting revenue of $1,690-$1,730 million and adjusted EPS of $5.75-$5.95.
Adtalem Global Education Inc. (NYSE: ATGE), the leading healthcare educator in the United States, has announced its upcoming first quarter fiscal year 2025 results release and conference call. The company will release its financial results on Tuesday, Oct. 29, 2024, after the financial markets close. This will be followed by a conference call at 4:00 p.m. CT (5:00 p.m. ET) on the same day to discuss the results.
Participants can access the call by dialing +1 877-407-6184 (U.S.) or +1 201-389-0877 (international) and stating "Adtalem earnings call" or using conference ID: 13749198. The call will also be simulcast through the Adtalem investor relations website. A replay of the call will be archived for 30 days, accessible via phone or the company's investor relations website.
Hippocratic AI and Adtalem Global Education (NYSE: ATGE) have partnered to develop a comprehensive educational curriculum to train clinicians on using AI in healthcare. This collaboration aims to integrate nurses' practical experience with advanced AI capabilities, equipping healthcare professionals with skills to evaluate, navigate, and ethically utilize AI tools in patient care.
The partnership will create the first AI certification focused on nurses' role in understanding, integrating, and supervising AI. The curriculum, expected to launch in Spring 2025, will cover topics such as AI and generative AI introduction, AI tools and technologies, nursing applications, clinical workflow integration, and ethical and regulatory considerations. Upon completion, eligible students at Adtalem's Chamberlain University and Walden University will earn a certification.
Adtalem Global Education (NYSE: ATGE) has appointed Sara Hill as Chief Human Resources Officer, effective September 9, 2024. Hill joins from Intricon, where she served as CHRO for four years. With over 25 years of HR experience, Hill has worked at global companies including Ceridian, U.S. Bancorp, and Fidelity Investments. At Adtalem, she will lead the HR function, supporting business objectives and enhancing organizational culture.
Hill's role will involve being a strategic partner to CEO Steve Beard, the leadership team, and the board of directors. She will be responsible for executing HR strategies and leading enterprise-wide strategic change as Adtalem pursues accelerated growth in the healthcare education sector.
Adtalem Global Education (NYSE: ATGE) has appointed Mark E. Rosenberg, MD, FASN, as the new dean of the American University of the Caribbean School of Medicine (AUC), effective September 11. Dr. Rosenberg brings over 40 years of experience in medical practice, education, research, and leadership. He previously served as vice dean of education and academic affairs at the University of Minnesota Medical School for 12 years. His appointment aims to lead AUC's strategic vision for growth, academic excellence, and student outcomes, ultimately contributing to Adtalem's goal of expanding access to quality education and addressing the nationwide physician shortage.
Adtalem Global Education (NYSE: ATGE) reported strong fiscal year 2024 results, with total enrollment up 10.0% year-over-year for Q4 and revenue up 9.2% for the fiscal year. Key highlights include:
- Q4 revenue: $409.9 million, up 12.4% YoY
- FY2024 revenue: $1,584.7 million, up 9.2% YoY
- FY2024 diluted EPS: $3.39; Adjusted EPS: $5.01, up 19.0% YoY
- Total student enrollment: 83,321, up 10.0% YoY in Q4
- Chamberlain University: 6th straight quarter of enrollment growth, up 10.4% YoY
- Walden University: 4th straight quarter of enrollment growth, up 11.3% YoY
Adtalem also initiated FY2025 guidance, projecting revenue of $1,660-$1,700 million and adjusted EPS of $5.60-$5.85, exceeding previous projections.
Adtalem Global Education (NYSE: ATGE) and the American Association of Critical-Care Nurses (AACN) have partnered to offer a Critical Care Nursing Practice Ready. Specialty Focused.™ (PRSF) course at Chamberlain University. This 15-module course is designed for Bachelor of Science nursing students interested in critical care nursing, providing them with entry-level knowledge and clinical concepts to prepare for a career in progressive and critical care.
The course will be available for enrollment in fall 2024 and covers various areas of critical care nursing practices. Students completing the course will receive a one-year AACN membership. This initiative aims to address the critical staffing shortages in healthcare, particularly in specialties like critical care nursing, where an estimated 27% of nurses are expected to leave the profession.
Adtalem Global Education (NYSE: ATGE) will announce its fiscal 2024 Q4 and full-year results on August 6, 2024, after market close. A conference call to discuss these results will follow at 4:30 p.m. CT (5:30 p.m. ET). The call will be accessible via phone for U.S. and international participants and will also be simulcast on Adtalem's investor relations website. A replay of the call will be available for 30 days.
Adtalem Global Education Inc. (NYSE: ATGE) will be represented by its CEO and CFO at the Baird 2024 Global Consumer, Technology & Services Conference. The company will discuss strategic investments to address healthcare provider shortages, aiming to enhance educational access and student outcomes. The fireside chat will be available live and for replay on the Adtalem investor relations website.
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