Adtalem Achieves 97% First-Time Residency Attainment Rate and Growing¹

Rhea-AI Summary

Adtalem Global Education Inc.'s medical schools, AUC and RUSM, achieved a 97% first-time residency attainment rate for 2023-2024 graduates, with over 800 students and graduates securing positions at 350+ health facilities in 44 U.S. states and territories. The match reflects the quality of Adtalem's programs and the demand for its graduates, addressing healthcare workforce diversity and physician shortage challenges.

Positive

• 97% first-time residency attainment rate for 2023-2024 graduates
• Over 800 students and graduates secured positions at 350+ health facilities
• Match reflects the quality of Adtalem's programs and strong demand for graduates
• Addresses healthcare workforce diversity and physician shortage challenges

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• None.

More Than 800 Students and Graduates from American University of the Caribbean School of Medicine and Ross University School of Medicine Set to Join Adtalem’s Alumni Resident Ranks, Ready to Address U.S. Healthcare Demands

CHICAGO--(BUSINESS WIRE)-- Students and graduates from Adtalem Global Education Inc.’s (NYSE: ATGE) two medical schools, American University of the Caribbean School of Medicine (AUC) and Ross University School of Medicine (RUSM), recently celebrated Match Day 2024, a pivotal moment for medical students nationwide and abroad as they learn where they will complete their U.S. residency training. This year, AUC and RUSM reached a combined 97% first-time residency attainment rate for 2023-2024 graduates thus far.¹

“Residency attainment rates are a defining benchmark for Adtalem and our two medical schools, American University of the Caribbean School of Medicine and Ross University School of Medicine, reflecting the quality of our programs, the hard work of our students and the strong demand for our medical school graduates among health systems across the country,” said Steve Beard, president and CEO, Adtalem Global Education. “Match Day represents a tangible realization of our vision as a leading provider of healthcare education in the U.S. and a systemically important solution for preparing a diverse workforce that meets the needs of the healthcare industry.”

More than 800 AUC and RUSM students and graduates attained residency positions thus far at over 350 health facilities, spanning 44 U.S. states and territories and 27 specialties. These students and graduates will aid in combating the physician shortage that could exceed 120,000 by 2034. Additional highlights of Adtalem’s residency appointments include:

• Advancing Health Equity: 188 students and graduates identify as Black/African American or Hispanic, helping diversify the pipeline of physicians in the U.S. healthcare system where, based on 2021 data, Black Americans make up 13% of the population but only 6% of physicians, and Hispanics make up 19% of the population but only 7% of physicians.^{2 3}

• Driving Health Outcomes for At-Risk Populations: Over 500 students and graduates will enter primary care residencies, poised to contribute to enhancing outcomes for some of the more than 83 million Americans in underserved areas lacking adequate access to primary care.⁴

• Specialty Care: The 27 specialties represented include those that the National Resident Matching Program defines as more competitive, such as Internal Medicine/Pediatrics, Obstetrics and Gynecology and Orthopedic Surgery.

• Strengthening Partnerships: Nearly 160 students and graduates matched into partner clinical hospitals, helping supply the healthcare system with a day-one-ready workforce tailored to their needs.

The success of this year's match reflects the quality of Adtalem's programs and the strong demand for its medical school graduates. As the leading provider of healthcare education in the U.S.⁵, dedicated to meeting the dynamic needs of the U.S. healthcare system, Adtalem remains committed to making a substantial and enduring impact on the future of healthcare by delivering practice-ready clinicians at scale.

For comprehensive lists of residency placements, please visit the AUC and RUSM websites. To learn more about Adtalem’s Match Day 2024, visit the Adtalem Newsroom.

About Adtalem Global Education

Adtalem Global Education (NYSE: ATGE) is the No. 1⁵ provider of healthcare education and a systemically important solution for preparing a diverse talent workforce that meets needs of the healthcare industry. We are redefining the education pathway into healthcare and meeting the evolving patient needs for a thriving society. Adtalem recognizes the potential in each individual and guides them to success while maintaining the top-tier standards and rigor needed to fill the workforce deficit, by creating more opportunities to connect practice-ready clinicians with employers at scale. We empower a diverse learner population to achieve their goals and make inspiring contributions to their communities with a family of institutions dedicated to nursing, medicine, veterinary medicine, social work and more. Our community is comprised of approximately 80,000 students, over 300,000 alumni and nearly 10,000 employees. Visit Adtalem.com for more information and follow us on LinkedIn, Instagram and Facebook.

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¹ First-time residency attainment rate is the percent of students attaining a 2024-25 residency position out of all graduates or expected graduates in 2023-24 who were active applicants in the 2024 NRMP match or who attained a residency position outside the NRMP match.

² Association of American Medical Colleges Physicians Specialty Data Report: https://www.aamc.org/data-reports/data/2022-physician-specialty-data-report-executive-summary

³ U.S. Census Bureau population estimates, April 1, 2020: https://www.census.gov/quickfacts/fact/table/US/PST040223#PST040223

⁴ American Medical Association: https://www.ama-assn.org/press-center/press-releases/ama-president-sounds-alarm-national-physician-shortage

⁵ Based on 2022 data.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240325218422/en/

Investor Contact

Jay Spitzer, CFA

Investor.Relations@Adtalem.com

+1 312-906-6600

Media Contact

Britt Mitchell

AdtalemMedia@Adtalem.com

+1 872-270-0301

Source: Adtalem Global Education Inc.

FAQ

How many students and graduates from AUC and RUSM secured residency positions?

Over 800 students and graduates from AUC and RUSM secured residency positions at 350+ health facilities.

What was the first-time residency attainment rate for 2023-2024 graduates?

The first-time residency attainment rate for 2023-2024 graduates was 97%.

Which specialties are represented in the residency placements?

Specialties represented in the residency placements include Internal Medicine/Pediatrics, Obstetrics and Gynecology, and Orthopedic Surgery.

How many students and graduates will enter primary care residencies?

Over 500 students and graduates will enter primary care residencies.

What is the aim of Adtalem Global Education Inc. in delivering practice-ready clinicians?

Adtalem remains committed to delivering practice-ready clinicians at scale to meet the dynamic needs of the U.S. healthcare system.