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American Public Education, Inc. reports developments across its online and campus-based postsecondary education institutions, including American Public University System, Rasmussen University and Hondros College of Nursing. The company operates through APU Global, which serves military, veteran, extended military-family and public-service communities through American Military University and American Public University, and RU Health+, which focuses on nursing and health sciences education through campus and online programs.
Recurring news includes quarterly and annual financial results, enrollment and course-registration updates, nursing program launches, education-technology platform changes, tuition partnerships, academic recognition programs and regulatory developments affecting program growth or student funding.
Hondros College of Nursing announced plans to open a new campus in Akron, Ohio, in April 2021 to address the ongoing nursing shortage in the region and across the U.S. The Bureau of Labor Statistics anticipates over 175,000 registered nursing job openings annually through 2029, with substantial growth expected in Northeast Ohio. The new campus will be Hondros' seventh location and aims to provide practical nursing education, enhancing workforce readiness in the healthcare sector, particularly amid the COVID-19 pandemic.
American Public Education, Inc. (NASDAQ: APEI) will announce its fourth quarter and full year 2020 results on March 9, 2021, after U.S. market close. A live conference call will be held at 5:00 p.m. Eastern time that same day, accessible via the company's investor relations website. A replay will be available two hours post-call and archived for one year. APEI is a key player in the online education sector, serving over 88,000 learners globally with more than 220 programs.
American Public Education, Inc. (NASDAQ: APEI) will participate in the 23rd Annual Needham Virtual Growth Conference on January 12, 2021. CEO Angela Selden will present at 2:00 p.m. Eastern time.
Investors can access a live broadcast here. APEI will also conduct one-on-one meetings with investors throughout the day. Interested parties can contact Needham & Company for scheduling.
A recording of the presentation will be available on APEI's website for 90 days post-event.
Four master's-level students and alumni from the American Public University System have been named Presidential Management Fellowship Finalists for 2021. Since 2011, nearly 60 alumni achieved this prestigious status. The finalists include Joshua Baker (Environmental Policy Studies), Rebecca J. Bryson (Public Administration), Benjamin Kenyon (Business Administration), and Marsha D. Reveal (Conflict Analysis). The PMF program aims to cultivate future government leaders and has a selection rate of under 10% of applicants.
Summary not available.
American Public University System (APUS) has renamed its business school to the Dr. Wallace E. Boston School of Business in honor of Dr. Boston's nearly two decades of leadership. As of September 30, 2020, APUS had 86,300 active students, a tenfold increase since Dr. Boston's tenure began. The School of Business offers 51 online programs and has conferred over 26,500 degrees and certificates. Dr. Boston's leadership contributed to key milestones, including initial accreditation and an IPO in 2007. APUS aims to prepare students for careers in the global business community.
American Public Education, Inc. (NASDAQ: APEI) will participate in two virtual investor conferences. CEO Angela Selden will present at the Sidoti & Company 2020 Virtual Microcap Conference on November 19, 2020, at 11:30 a.m. ET, with a live broadcast available. Following this, she will engage in a fireside chat at the B. Riley Securities Education Services & Technology Conference on December 2, 2020, at 8:45 a.m. ET. Both events will be accessible via APEI's website, where recordings will also be archived.
American Public Education, Inc. (APEI) reported strong financial results for Q3 2020, with a 16.6% increase in consolidated revenue to $79.1 million. Key highlights include 25% growth in net course registrations at APUS and 88% growth in new student enrollment at Hondros College of Nursing. Net income rose to $2.6 million or $0.18 per share. Adjusted EBITDA increased 49% to $10.8 million. APEI plans to acquire Rasmussen University, aiming for annual revenue of $600 million post-acquisition, positioning itself as the top educator for pre-licensure nurses.
American Public Education, Inc. (APEI) has entered a definitive agreement to acquire Rasmussen University for $329 million. The acquisition targets expansion in nursing and health sciences education, enhancing APEI's market position. With over 18,000 students and 24 campuses, Rasmussen aligns with APEI’s commitment to affordable, quality education. The deal is expected to generate annual synergies of $5 million in the first year and more than $10 million thereafter, positioning APEI for future growth and diversification. Preliminary Q3 2020 results show a 16.6% revenue increase year-over-year.
American Public University System (APUS) has appointed retired U.S. Marine Corps Lt. Gen. Vincent Stewart to its Board of Trustees. Stewart is currently the chief innovation and business intelligence officer for Ankura in Washington, D.C. His extensive experience in cybersecurity and intelligence is expected to enhance APUS’s educational offerings, particularly in cyber defense. APUS, a subsidiary of American Public Education (NASDAQ:APEI), is recognized as a National Center of Academic Excellence in Cyber Defense Education and offers more than 200 online degree programs, primarily servicing military students.