Adtalem Global Ed Inc Stock Price, News & Analysis

Laureate Education (NASDAQ: LAUR) has completed the sale of Walden University to Adtalem Global Education (NYSE: ATGE) as part of its strategy to enhance shareholder value. The deal closes with previously disclosed terms and reflects Laureate's focus on unlocking growth opportunities for its remaining businesses. Walden University, renowned for its online education, serves over 55,000 students and continues to influence higher education positively.

Adtalem Global Education (NYSE: ATGE) has completed its acquisition of Walden University, enhancing its position as a leading workforce solutions provider in healthcare education. This strategic move addresses the projected shortage of over 500,000 registered nurses and 139,000 physicians in the U.S. The acquisition is expected to generate significant value with projected revenue of $1.7 billion and an incremental $120 million in unlevered free cash flow in the first year. The integration aims for $60 million in annual cost savings and is anticipated to strengthen Adtalem's digital platform and educational offerings.

Chamberlain University has partnered with AORN to launch a workforce preparedness initiative aimed at addressing the shortage of operating room nurses. Starting early 2022, three healthcare systems—Loyola Medicine, Ochsner Health, and Emory Healthcare—will collaborate to provide a 16-week online perioperative nursing training module. This unique program, developed by AORN, is offered at no cost to students in Chamberlain's BSN program, allowing them to gain practical experience in supervised settings. The initiative aims to expand across Chamberlain's 23 campuses nationwide.

Adtalem Global Education (NYSE: ATGE) announced a leadership transition, with Stephen Beard succeeding Lisa Wardell as CEO, effective September 8. Wardell will become executive chairman for one year. This transition follows a board-led succession planning process aimed at ensuring continuity and accelerating growth. Beard, who joined Adtalem in 2018, has played a crucial role in enhancing operational execution and leading the acquisition of Walden University, which is set to complete by the end of Q1 FY22. The company maintains its fiscal year 2021 guidance for revenue growth of 5-7% and EPS growth of 28-32%.

Adtalem Global Education (NYSE: ATGE) is exploring strategic alternatives for its Financial Services segment, which includes ACAMS, Becker Professional Education, and OnCourse Learning. This move aligns with its commitment to optimize its portfolio, focusing on healthcare education. The Financial Services segment holds significant market share in the $5.2 trillion industry, driven by a demand for education and training solutions due to regulatory requirements. No specific timeline for the review has been set, and Morgan Stanley & Co. LLC and Skadden, Arps, Slate, Meagher & Flom LLP have been engaged as advisors.

Adtalem Global Education (NYSE: ATGE) will hold a conference call on August 19, 2021, at 4 p.m. CT to discuss its fiscal 2021 fourth quarter and full-year results. The call will feature CEO Lisa Wardell and interim CFO Bob Phelan. Participants can join via telephone or listen live on the web. A playback of the call will be available until September 19, 2021. Adtalem focuses on empowering students and operates multiple educational institutions, including the American University of the Caribbean School of Medicine and Ross University School of Medicine.

Adtalem Global Education (NYSE: ATGE) has appointed Josh Braunstein as the president and managing director of Becker Professional Education, in addition to his current role leading OnCourse Learning. Since taking on the interim role at Becker in February 2021, Braunstein has demonstrated strategic vision and effective leadership, making him a key choice for the position. His background includes transforming Wolters Kluwer's CPE business from negative to double-digit growth. Adtalem, a workforce solutions provider, seeks to address talent needs in healthcare and financial services sectors.

Adtalem Global Education (NYSE: ATGE) has appointed Douglas G. Beck as Senior Vice President, General Counsel, and Corporate Secretary. Beck, with extensive experience in corporate legal practice, will oversee the legal department and provide counsel in areas such as M&A, corporate governance, and compliance. Previously, he served as Executive Vice President and General Counsel at Hub Group. CEO Lisa Wardell expressed excitement about Beck's appointment, highlighting his strong legal expertise and business understanding as valuable assets to Adtalem.