Welcome to our dedicated page for Adtalem Global Ed news (Ticker: ATGE), a resource for investors and traders seeking the latest updates and insights on Adtalem Global Ed stock.
Adtalem Global Education Inc. (NYSE: ATGE) is a for-profit operator of colleges, universities, and professional schools with a strong focus on healthcare education. Company news frequently highlights its role as the largest or leading provider of healthcare education in the United States, as well as developments across its institutions, including Chamberlain University, Walden University, American University of the Caribbean School of Medicine, Ross University School of Medicine, and Ross University School of Veterinary Medicine.
On this news page, readers can follow Adtalem’s announcements on academic and financial performance, such as quarterly and annual results, enrollment trends, and segment updates for Chamberlain, Walden, and the Medical and Veterinary segment. The company regularly issues releases on total student enrollment, revenue growth, and guidance for upcoming fiscal years, along with information about capital allocation, including share repurchase programs and debt reduction activities.
Adtalem’s news flow also covers strategic initiatives that shape its educational offerings. Examples include partnerships with health systems to fund nursing education and create employment pathways, international and domestic pathway programs into medical school, and collaborations that link medical education with data analytics and AI-focused curricula. The company has announced a strategic partnership with Google Cloud to launch an AI credentials program for healthcare professionals and has detailed initiatives to expand access to medical education through programs in regions such as India, the United Kingdom, and the United States.
Investors and observers can use this page to monitor conference call announcements, investor conference participation, and governance-related disclosures referenced in press releases. By reviewing these updates, readers gain insight into how Adtalem manages its multi-institution network, responds to healthcare workforce needs, and communicates its strategy and performance to the market.
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.
Summary not available.
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.
Adtalem Global Education (NYSE: ATGE) reaffirms its commitment to engaging with shareholders Engine Capital and Hawk Ridge Partners. The company remains focused on executing its growth strategy, which involves strategic investments, streamlining its portfolio, and enhancing educational offerings through the pending acquisition of Walden University. The acquisition aims to broaden access to quality education. Adtalem emphasizes its dedication to long-term shareholder value and community impact, while also acknowledging potential risks related to the acquisition and market competition.
Engine Capital LP and Hawk Ridge Capital Management LP, significant stockholders of Adtalem Global Education (NYSE:ATGE) with a 3.9% ownership stake, issued an open letter to the Company's Board expressing concerns about disappointing investor returns. The letter highlights several issues, including subpar operational performance, poor capital allocation, and a need for restructuring. They propose a "2022 Adtalem Plan" to enhance shareholder value, while also launching a website to share their insights on improving the company.