Top Qs
Timeline
Chat
Perspective
Adtalem Global Education
Illinois-based corporation that operates for-profit colleges From Wikipedia, the free encyclopedia
Remove ads
Adtalem Global Education Inc. is a US corporation based in Chicago, Illinois, that operates several for-profit higher education institutions, including American University of the Caribbean School of Medicine, Chamberlain University, EduPristine, Ross University School of Medicine, Ross University School of Veterinary Medicine, and Walden University.[3]
 | This article has multiple issues. Please help improve it or discuss these issues on the talk page. (Learn how and when to remove these messages)
|
Remove ads
History
Summarize
Perspective
DeVry Inc. was created in 1987 with the merger of DeVry Institute of Technology (DIT) and the Keller Graduate School of Management.[4] DIT was established in Chicago as the DeForest Training School in 1931 and was acquired by Bell & Howell in 1967. Keller was started by two DIT teachers in 1973; the company acquired DIT from Bell & Howell in 1987. DeVry Inc. went public in 1991,[5] moved to the New York Stock Exchange in 1995,[6] and became known as DeVry Education Group in 2013.[7] The company was previously based in Downers Grove, Illinois.[8]
In 2012, the company moved 150 jobs from its campus in Roscoe Village to a new office in Chicago's West Loop. The company had additional offices in Oak Brook, as of 2013.[9] In 2015, the company opened another office in the West Loop, after the city approved a $1 million subsidy for the company in the form of tax increment financing in 2012.[10]
In 2011, DeVry continued its international reach with the acquisition of ATC International (a subsidiary of Becker Professional Education), which provides professional finance and accounting training in Central and Eastern Europe as well as Central Asia; and American University of the Caribbean, a medical school located in St. Maarten.[11] In November 2013, DeVry Inc. was renamed DeVry Education Group.[12]
In December 2018, Adtalem completed transferral of DeVry University and Keller Graduate School of Management properties to Cogswell Education LLC.[13] This was completed just days after the transfer of Carrington College to San Joaquin Valley College.[14]
In September 2020, Adtalem Global Education Inc announced that it began the process of purchasing Walden University for US$1.48 billion in cash.[15] According to Higher Education Dive "Two investment firms, Engine Capital and Hawk Ridge Partners, wrote in an open letter...that they were "severely disappointed" with the board's decision to purchase Walden, calling the college a 'substantially inferior asset.'"[16]
In August 2021, Adtalem Global Education Inc completed its acquisition of Walden University.[17]
In 2022, Adtalem sold the Association of Certified Anti-Money Laundering Specialists, Becker Professional Education and OnCourse Learning to Wendel Group and Colibri Group, respectively.[18]
Remove ads
Leadership
Stephen Beard, who was previously Adtalem's chief operating officer,[19] became the chief executive officer (CEO) in 2021.[20] He was appointed the chair of the board of directors in November 2024, succeeding Michael W. Malafronte.[21] Beard was included in Time magazine's 2025 "Time100 Health" list of influential people in the healthcare industry,[22] which subsequently earned him a Congressional proclamation.[23]
Chris Begley was the board chair in 2016.[24] Daniel Hamburger and Lisa Wardell have previously held the CEO role.[25][26] Wardell was appointed in 2016.[27][28] She was the only Black woman to lead a Fortune 1000 company in 2018, according to Crain's Chicago Business.[29] Wardell was also the board chair in 2019. In 2021, an analysis by the University of Illinois Urbana-Champaign ranked Adtalem in the top five Illinois-based public firms for both gender and racial diversity on the board.[30]
Remove ads
Controversies
Summarize
Perspective
For-profit higher education in the United States has been the subject of hearings by the United States Senate Committee on Health, Education, Labor, and Pensions. Specifically regarding DeVry, the Committee[31] found that over half of the students enrolled at DeVry in 2008-2009 withdrew by mid-2010.[32] DeVry spends more on marketing than on student instruction.[32]
As of 2013[update], DeVry Inc. was under investigation by the Attorneys General of the states of Illinois and Massachusetts.[33][34]
A lawsuit filed against DeVry alleged deceptive recruiting practices in violation of federal law.[35]
In January 2016, The Federal Trade Commission filed a lawsuit against DeVry Education Group alleging false or misleading advertising.[36][37] A class action lawsuit was also filed against DeVry Group in US District Court, Northern District of California claiming breaches of contract, good faith and fair dealing, violations of the California Unfair Trade Practices Act, the California False Advertising Act and the California Consumer Legal Remedies Act, and negligent misrepresentations. A confidential settlement was reached.[38]
In May 2016, a shareholder class action lawsuit was filed against DeVry Group, in the US District Court, Northern District of Illinois. The plaintiffs claimed that defendants made false or misleading statements regarding DeVry University's graduate employment rate and the earnings of DeVry University graduates relative to the graduates of other universities and colleges.[38] The case was settled in 2019 for $27.5 million.[39]
In June 2016, T’Lani Robinson and Robby Brown filed an arbitration demand with the American Arbitration Association, seeking relief for breach of contract, negligence, violation of the Illinois Uniform Deceptive Trade Practices Act, conversion, and unjust enrichment.[38]
In December 2017, a former administrator filed a civil lawsuit number with the Los Angeles Superior Court, seeking relief for a number of causes of action including Retaliation and Wrongful Termination in Violation of Public Policy for complaining about an incentive-based compensation program that rewarded campus deans for recruiting and enrolling students.[40]
Remove ads
References
External links
Wikiwand - on
Seamless Wikipedia browsing. On steroids.
Remove ads