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Graham Holdings Company (NYSE: GHC) is a renowned diversified education and media enterprise. The company operates across various sectors, including educational services, television broadcasting, cable systems, and online, print, and local TV news. Its principal subsidiaries include Kaplan, a global leader in education, and Graham Media Group, which owns several prominent television stations like WDIV in Detroit and KPRC in Houston.
In addition, Graham Holdings owns Cable One, offering cable services to small-city subscribers across 19 states, and The Slate Group, known for its digital media brands such as Slate and Foreign Policy. The company is also invested in healthcare through Celtic Healthcare and Residential Healthcare Group, and boasts industrial holdings like Forney Corporation and Joyce/Dayton Corp.
Graham Holdings segments its operations into seven key areas: Kaplan International, Higher Education, Supplemental Education, Television Broadcasting, Manufacturing, Healthcare, and Automotive. The Kaplan International division, encompassing higher education, test prep, language instruction, and professional training, is the primary revenue driver. Television broadcasting is another significant revenue source, primarily through advertising.
The company is committed to innovation, with Trove spearheading digital advancements and SocialCode leading in social marketing solutions. Recent achievements include strategic partnerships, technological innovations, and expansions in educational services and digital media.
Louisiana State University (LSU) has partnered with Kaplan to introduce Kaplan Credegree™ programs for student-athletes in over 15 areas, enhancing their job readiness and marketability. This initiative aims to bridge the gap between athletic competition and career prospects, addressing the reality that fewer than 2% of NCAA athletes compete professionally. Credentialing programs include Certified Public Accountant and Certified Financial Planner, among others. This partnership marks LSU as the first college athletics department to adopt such programs, emphasizing the institution's commitment to student-athlete development.
NorthShore – Edward-Elmhurst Health and Residential Healthcare Group have entered a joint venture to enhance home health and hospice services in the greater Chicago area, serving over 4.2 million residents. This collaboration will create one of the largest home health and hospice providers in Northern Illinois, integrating existing clinician groups and focusing on innovation and patient experience. The transaction is expected to finalize by the end of February 2022, further solidifying the partnership's commitment to delivering exceptional care.
Kaplan's executive director, Isaac Botier, commented on major changes to the SAT, marking significant updates in the exam's nearly 100-year history. Key modifications include a transition to a digital format and a reduction in exam duration from three hours to two. Botier noted that these changes are student-friendly and positively received by test takers. Despite recent trends of colleges suspending standardized test requirements, a strong SAT score remains beneficial for applicants, as indicated by Kaplan's survey showing 61% of test-optional schools value competitive scores. Kaplan will adapt its services to support students amid these changes.
Graham Holdings Company (NYSE: GHC) has announced a quarterly dividend of $1.58 per share. This dividend is set to be paid on February 17, 2022, to shareholders on record as of February 3, 2022. The announcement reinforces the company's commitment to returning value to its shareholders.
Emily L. Barr, CEO of Graham Media Group, will retire later this year, with Catherine Badalamente appointed as her successor. Under Barr's leadership, the group achieved record earnings and numerous awards, transforming it into a leading local media operator. Badalamente, who has been with the group since 2000, played a key role in digital initiatives and has led award-winning projects. Timothy J. O’Shaughnessy praised Barr's contributions and expressed confidence in Badalamente's ability to guide the company through changing industry dynamics.
Graham Holdings Company (NYSE: GHC) has acquired a Ford dealership in Manassas, VA, from the Battlefield Automotive Group. The purchase price was not disclosed. Christopher J. Ourisman and his team will manage the dealership, with Graham Holdings holding a 90% stake. This acquisition expands the company’s existing automotive portfolio, which includes Ourisman Lexus of Rockville, Ourisman Honda of Tysons Corner, and Ourisman Jeep Bethesda, positioning Graham Holdings for potential revenue growth in the automotive sector.
Graham Healthcare Group has acquired InTeliCare Health Services, marking its initial expansion into Florida. Finalized on December 15, 2021, this move aims to enhance personalized home health care access across the state. The integration will be part of Graham's Residential Home Health division, known for strong care networks in Michigan, Illinois, and Pennsylvania. CEO David Curtis highlighted the growing elderly population in Florida as an opportunity for growth. The acquisition is expected to retain InTeliCare's workforce and support operational efficiencies.
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