Adtalem Global Ed Inc Stock Price, News & Analysis

ACAMS is set to host its 25th Annual International AML & Anti-Financial Crime Conference – Virtual Hollywood from April 13, 2021. This three-day event aims to support compliance professionals as they tackle regulatory risks amidst rising illicit finance. Attendees will gain insights from expert panels on pressing issues such as FinCEN's compliance supervision and recent compliance settlements. Networking opportunities will also be available, allowing participants to engage with peers. The event offers real-time and on-demand session access for 90 days post-conference.

Adtalem Global Education (NYSE: ATGE) is addressing the physician shortage in the U.S. by producing 856 graduates from its American University of the Caribbean School of Medicine (AUC) and Ross University School of Medicine (RUSM) who will enter residency programs this summer. AUC and RUSM together contribute significantly more physicians than the next largest U.S. medical school, focusing on diversifying the physician workforce. Notably, 103 graduates identify as Black/African American, with 57% of AUC graduates entering primary care specialties, which are in critical demand.

Chamberlain University is expanding with a new campus in Irwindale, California, to combat the projected nationwide nursing shortage, particularly in California, which is predicted to reach nearly half a million nurses by 2030. This new location, the 23rd for Chamberlain, aims to increase the capacity for Bachelor of Science in Nursing (BSN) students, who can complete their degrees in just three years. The initiative is part of Chamberlain's commitment to graduating a diverse workforce to meet healthcare needs exacerbated by the COVID-19 pandemic.

Engine Capital and Hawk Ridge Capital, significant shareholders of Adtalem Global Education (NYSE:ATGE), have expressed concerns in an open letter to the Board regarding the acquisition of Walden. They criticize the Board's focus on closing the acquisition despite pending investigations by the Department of Justice, which could increase financial risks for shareholders. The letter warns that not addressing potential liabilities could elevate the purchase price from 8.4x to 9.8x LTM EBITDA. The investors believe that repurchasing shares would be a safer financial strategy.

Adtalem Global Education (NYSE: ATGE) reported its fiscal 2021 second-quarter results, ending December 31, 2020. Key financial metrics, including revenue growth and earnings per share, will be discussed by executives during a conference call today at 4 p.m. CT. Shareholders can access the earnings press release and presentation on their Investor Relations website. Adtalem aims to empower students through its various educational institutions and programs.

Engine Capital LP and Hawk Ridge Capital Management LP, significant shareholders of Adtalem Global Education (ATGE), have sent a letter to the company's Board, raising concerns about an ongoing U.S. Department of Justice investigation into Walden University's nursing program. The letter highlights low graduation rates due to inadequate support for clinical experience requirements, posing potential risks of fines and loss of federal funding.

They urge the Board to clarify investigation details in the February 2 earnings call and recommend halting any financing activities regarding Walden until the investigation concludes, warning of $122 million in unnecessary costs.

ACAMS is hosting its inaugural Global Sanctions Space Summit on March 2, aimed at helping compliance professionals navigate complex regulations. The two-day virtual event will feature over 50 experts discussing economic sanctions challenges, including human rights abuses and cybercrimes. Attendees can participate in networking and panel discussions on topics like sanctions evasion and crypto compliance risks. Experts such as Lisa Palluconi from OFAC will provide actionable insights for compliance programs.

Becker, a leader in professional education and part of Adtalem Global Education, announced enhancements to its CMA Exam Review, aimed at fostering skills essential for management accountants. The updated course covers both parts of the exam, offering new quality content, an intuitive user experience, industry-leading instruction, and personalized learning through AI technology. This initiative supports the growth of qualified financial professionals, reflecting Becker's commitment to innovation in education.