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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.
A study by Chamberlain University reveals significant stress levels among nurses during the COVID-19 pandemic. Commissioned to Forrester Consulting, it surveyed nurses multiple times over six months. Key findings include that 90% of nurses faced high stress, with only 29% reporting well-being during the pandemic, down from 75% pre-COVID. Despite this, 76% remain passionate about their work. In response, Chamberlain has launched an online Nurse Well-Being Assessment to address these needs, emphasizing the importance of well-being supports for nursing professionals.
Chamberlain University and LCMC Health have launched the Called-to-Care Scholars Program to combat the projected shortage of 500,000 nurses by 2030. This initiative offers tuition-free education to 90 Bachelor of Science in Nursing students annually for three years, funded by LCMC Health. In return, graduates must work for LCMC Health for three years and pass the NCLEX-RN exam. This program aims to build a sustainable nursing workforce and enhance community healthcare access, addressing critical staffing challenges in the healthcare sector.
ACAMS and NABCRMP have partnered to enhance diversity, equity, and inclusion in the anti-financial crime sector. The collaboration aims to create training opportunities for Black professionals and compliance experts, promoting access to roles within ACAMS. NABCRMP will guide ACAMS in identifying barriers facing Black compliance professionals while fostering conversations on diversity's role in effective risk mitigation. This initiative aligns with ACAMS' Diversity, Equity, and Inclusion strategy, which was launched earlier this year and aims to celebrate and elevate African-American professionals in the compliance field.
Adtalem Global Education Inc. (NYSE: ATGE) announced its fiscal 2021 third quarter results for the period ending March 31, 2021. The company demonstrated its commitment to workforce solutions, empowering students and communities. A conference call discussing financial performance is scheduled for today at 4 p.m. CT. Adtalem also offers an archive of the call until May 29, 2021. The organization comprises various educational institutions and strives to enhance community contributions. For further details, visit adtalem.com.
Ross University School of Veterinary Medicine (RUSVM) has partnered with PetSmart Charities to enhance veterinary education and offer low-cost animal care. The collaboration is supported by a $387,168 grant awarded to the One Health Research Foundation (OHRF). Funds will aid the Basseterre Animal Rescue Center (BARC) in St. Kitts & Nevis, aiding veterinary training while serving under-resourced communities. RUSVM aims to provide wellness services to an additional 2,500 animals and enhance practical experience for its students, with the Ministry of Agriculture backing this initiative.
Adtalem Global Education (NYSE: ATGE) is set to hold a conference call on April 29, 2021, at 4 p.m. CT to discuss its fiscal 2021 third quarter results. CEO Lisa Wardell and interim CFO Bob Phelan will lead the discussion. Participants can join by telephone or listen to a live broadcast via the company’s website. A replay of the call will be available until May 29, 2021. Adtalem is a prominent workforce solutions provider, encompassing various educational institutions like the American University of the Caribbean School of Medicine.
Adtalem Global Education (NYSE: ATGE) announced the appointment of Dr. Charles DeShazer as an independent board member. His extensive leadership experience within the healthcare sector and clinical expertise as a board-certified M.D. is expected to enhance Adtalem’s strategy as a workforce solutions provider in the evolving healthcare industry. The board now comprises 10 directors, with nine being independent, and reflects a commitment to diversity with four women and five people of color. Dr. DeShazer is currently the director of clinical products at Google.
Adtalem Global Education (NYSE: ATGE) announces Robert Phelan as interim CFO effective April 24, 2021, succeeding Mike Randolfi who departs for a new role. Phelan, previously the vice president and chief accounting officer, is expected to lead the finance team during the search for a permanent CFO. Randolfi's tenure was marked by significant growth and enhancements to Adtalem's financial standing. With 30 years of experience, Phelan aims to ensure continuity and maintain momentum in the company's workforce solutions strategy.
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