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Graham Holdings Company reports news about a diversified holding company with businesses in education, television broadcasting, healthcare, manufacturing, automotive dealerships and other operations. Recurring updates include consolidated and division operating results, regular dividend declarations, annual-meeting materials and portfolio actions involving Kaplan businesses.
Kaplan-related announcements cover education programs and partnerships across areas such as financial planning certificates, professional licensure exam preparation and other academic or career-focused services. Company updates also describe how segment performance changes across education, broadcasting, healthcare, manufacturing, automotive and other businesses affect reported revenue, operating income and cash-flow measures.
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NorthShore – Edward-Elmhurst Health and Residential Healthcare Group have entered a joint venture to enhance home health and hospice services in the greater Chicago area, serving over 4.2 million residents. This collaboration will create one of the largest home health and hospice providers in Northern Illinois, integrating existing clinician groups and focusing on innovation and patient experience. The transaction is expected to finalize by the end of February 2022, further solidifying the partnership's commitment to delivering exceptional care.
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Kaplan's executive director, Isaac Botier, commented on major changes to the SAT, marking significant updates in the exam's nearly 100-year history. Key modifications include a transition to a digital format and a reduction in exam duration from three hours to two. Botier noted that these changes are student-friendly and positively received by test takers. Despite recent trends of colleges suspending standardized test requirements, a strong SAT score remains beneficial for applicants, as indicated by Kaplan's survey showing 61% of test-optional schools value competitive scores. Kaplan will adapt its services to support students amid these changes.
Graham Holdings Company (NYSE: GHC) has announced a quarterly dividend of $1.58 per share. This dividend is set to be paid on February 17, 2022, to shareholders on record as of February 3, 2022. The announcement reinforces the company's commitment to returning value to its shareholders.
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Emily L. Barr, CEO of Graham Media Group, will retire later this year, with Catherine Badalamente appointed as her successor. Under Barr's leadership, the group achieved record earnings and numerous awards, transforming it into a leading local media operator. Badalamente, who has been with the group since 2000, played a key role in digital initiatives and has led award-winning projects. Timothy J. O’Shaughnessy praised Barr's contributions and expressed confidence in Badalamente's ability to guide the company through changing industry dynamics.
Graham Holdings Company (NYSE: GHC) has acquired a Ford dealership in Manassas, VA, from the Battlefield Automotive Group. The purchase price was not disclosed. Christopher J. Ourisman and his team will manage the dealership, with Graham Holdings holding a 90% stake. This acquisition expands the company’s existing automotive portfolio, which includes Ourisman Lexus of Rockville, Ourisman Honda of Tysons Corner, and Ourisman Jeep Bethesda, positioning Graham Holdings for potential revenue growth in the automotive sector.
Graham Healthcare Group has acquired InTeliCare Health Services, marking its initial expansion into Florida. Finalized on December 15, 2021, this move aims to enhance personalized home health care access across the state. The integration will be part of Graham's Residential Home Health division, known for strong care networks in Michigan, Illinois, and Pennsylvania. CEO David Curtis highlighted the growing elderly population in Florida as an opportunity for growth. The acquisition is expected to retain InTeliCare's workforce and support operational efficiencies.
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