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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 (NYSE: ATGE) has elected Michael W. Malafronte as the new chairman of its board, effective November 9, 2022. Malafronte, an independent director since 2016, succeeds Lisa Wardell. His extensive experience in equity markets and leadership roles positions him to enhance Adtalem's strategy and oversight. The board consists of 11 directors, with a focus on diversity and skill optimization to drive long-term shareholder value. The change also indicates a shift away from having a lead independent director.
Adtalem Global Education (NYSE: ATGE) will present at BMO's 2022 Future of Work and Education Conference on November 10, 2022. CEO Steve Beard will participate in a fireside chat at 1:30 PM ET, which will be live-streamed for registered participants. A replay will be available on Adtalem's Investor Relations website at 4:00 PM ET for 30 days. Adtalem is a prominent healthcare educator with over 275,000 alumni and 10,000 employees, recognized for its commitment to diversity and workforce preparedness.
Adtalem Global Education (NYSE: ATGE) reported its first-quarter fiscal 2023 results for the period ending September 30, 2022. The company continues to focus on enhancing workforce preparedness in the healthcare sector, driven by a diverse learner population. Investors can access the detailed earnings report and accompanying presentation on Adtalem's Investor Relations website. A conference call led by CEO Steve Beard and CFO Bob Phelan will discuss financial highlights at 4 p.m. CDT today. The call will be available for replay until December 3, 2022.
Adtalem Global Education (NYSE: ATGE) announced a conference call to discuss its fiscal 2023 first quarter results on November 3, 2022, at 4 p.m. CDT. The call will feature CEO Steve Beard and CFO Bob Phelan. Investors can join by phone or via a live web broadcast. A replay will be available until December 3, 2022. Adtalem is recognized as a leading healthcare educator, with over 10,000 employees and more than 275,000 alumni across its institutions. It also received accolades for being one of America's Most Responsible Companies and Best Employers for Diversity.
Chamberlain University has partnered with Stratford University to assist nursing students affected by recent displacements. The new agreement allows impacted students to transfer to Chamberlain's programs, benefiting from an evaluation of Stratford's BSN credits for transfer. Students can apply and enroll as soon as November 2022, with application fees waived. Chamberlain University aims to address the ongoing nursing shortage in the U.S. by providing accessible education and support, highlighting its accreditation and commitment to nurturing future healthcare professionals.
Soul Machines has partnered with Adtalem Global Education to launch Linda, an innovative Digital Person designed for health care education. Linda simulates domestic abuse therapy patient scenarios, allowing students at Walden University to practice counseling skills in a risk-free environment. This enhanced interactivity features emotional intelligence and 24/7 support, addressing the evolving needs of modern education. With 140,000 enrollments, Adtalem aims to improve workforce preparedness and democratize health care education through technology.
Adtalem Global Education (NYSE: ATGE) announced that CEO Steve Beard and CFO Bob Phelan will participate in Barrington's 2022 Virtual Fall Investment Conference on September 8, 2022, followed by a virtual non-deal roadshow hosted by BMO Capital Markets on September 14, 2022. Adtalem is focused on enhancing workforce preparedness in the healthcare sector, supporting a diverse learner population through its institutions, which include the American University of the Caribbean School of Medicine and Chamberlain University.
Ross University School of Medicine (RUSM) has partnered with Bethune-Cookman University (B-CU) to enhance educational access for underrepresented medical students. This collaboration allows eligible B-CU students direct admission and scholarships, covering tuition, housing, and travel for their first semester at RUSM. With the U.S. projected to face a physician shortage of up to 139,000 by 2033, this initiative aims to improve health equity by training a diverse workforce. RUSM boasts a 95% residency placement rate for graduates, emphasizing its commitment to addressing healthcare workforce needs.
Adtalem Global Education (NYSE: ATGE) reported its fiscal 2022 fourth quarter and full-year results for the period ending June 30, 2022. The company's focus remains on healthcare education, driving workforce preparedness through its various institutions, including the American University of the Caribbean School of Medicine and Chamberlain University. Adtalem offers a diverse learning environment with over 10,000 employees and a network of 275,000 alumni. A conference call discussing the financial results is scheduled for today at 4 p.m. CDT, with a replay available until September 11, 2022.
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