Adtalem Global Ed Inc Stock Price, News & Analysis

Adtalem Global Education (NYSE: ATGE) is set to hold a conference call on April 29, 2021, at 4 p.m. CT to discuss its fiscal 2021 third quarter results. CEO Lisa Wardell and interim CFO Bob Phelan will lead the discussion. Participants can join by telephone or listen to a live broadcast via the company’s website. A replay of the call will be available until May 29, 2021. Adtalem is a prominent workforce solutions provider, encompassing various educational institutions like the American University of the Caribbean School of Medicine.

Adtalem Global Education (NYSE: ATGE) announced the appointment of Dr. Charles DeShazer as an independent board member. His extensive leadership experience within the healthcare sector and clinical expertise as a board-certified M.D. is expected to enhance Adtalem’s strategy as a workforce solutions provider in the evolving healthcare industry. The board now comprises 10 directors, with nine being independent, and reflects a commitment to diversity with four women and five people of color. Dr. DeShazer is currently the director of clinical products at Google.

Adtalem Global Education (NYSE: ATGE) announces Robert Phelan as interim CFO effective April 24, 2021, succeeding Mike Randolfi who departs for a new role. Phelan, previously the vice president and chief accounting officer, is expected to lead the finance team during the search for a permanent CFO. Randolfi's tenure was marked by significant growth and enhancements to Adtalem's financial standing. With 30 years of experience, Phelan aims to ensure continuity and maintain momentum in the company's workforce solutions strategy.

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.