New Identity Better Reflects Growth and Diversity
DOWNERS GROVE, Ill.--(BUSINESS WIRE)--
DeVry Education Group Inc. (NYSE: DV), a global provider of educational
services, announced today it has changed its name from DeVry Inc. to
better reflect the growth and diversity of the organization. The new
name received shareholder approval at the organization’s annual meeting
today.
“‘DeVry Inc. has been our name for decades, and for the majority of that
time the organization comprised DeVry University and its Keller Graduate
School of Management,” said Daniel Hamburger, president and CEO of DeVry
Education Group. “Today, DeVry Education Group serves more than 160,000
students globally in high-demand fields such as healthcare, accounting,
engineering and technology. We have expanded our educational offerings
over the years, and now have a name that better represents our
diversified organization.”
From the day DeVry Education Group opened its doors, its vision has been
to prepare students for careers that provide a brighter future. In 1931,
Dr. Herman DeVry and Dr. Lee DeForest co-founded the DeForest Technical
School, which would later become the DeVry Institute of Technology and
in 2002, became DeVry University.
Over the next 80 years, the organization grew steadily, offering
associate, bachelor’s and master’s degree programs. DeVry University was
the first private sector institution to achieve regional accreditation.
DeVry Group became publicly held in 1991, the first in the education
sector to do so. It anticipated the strong future demand for
accountants, and began its diversification in 1996 when it acquired
Becker Professional Education. Becker has educated half of all certified
public accounts practicing today. In 2003, DeVry Group expanded into
healthcare education with the acquisition of Ross University School of
Medicine and Ross University School of Veterinary Medicine. Chamberlain
College of Nursing, which was originally founded in 1889 as Deaconess
College of Nursing, was acquired in 2005. DeVry Education Group
broadened its healthcare offerings in 2007 with the acquisition of
Carrington College and Carrington College California, which offer
certificates and degree programs in ancillary healthcare professions.
DeVry Group’s healthcare institutions serve more than 30,000 students.
Its medical schools, which include American University of the Caribbean
School of Medicine (acquired 2011), are the largest producers of new
physicians to the U.S., particularly in the field of primary care where
the need is greatest. DeVry Group is one of the largest educators of
accounting professionals and through its Chamberlain College of Nursing
has one of the largest pre-licensure nursing programs in the United
States. DeVry Group also operates DeVry Brasil (acquired 2009), which
educates 30,000 students in northeast Brazil in the areas of healthcare,
business, law and engineering.
About DeVry Education Group
The purpose of DeVry Education Group is to empower its students to
achieve their educational and career goals. DeVry Education Group Inc.
(NYSE: DV; member S&P MidCap 400 Index) is a global provider of
educational services and the parent organization of American University
of the Caribbean School of Medicine, Becker Professional Education,
Carrington College, Carrington College California, Chamberlain College
of Nursing, DeVry Brasil, DeVry University, Ross University School of
Medicine and Ross University School of Veterinary Medicine. These
institutions offer a wide array of programs in business, healthcare,
technology, accounting and finance. For more information, please call
630.353.3800 or visit http://www.devryeducationgroup.com.
DeVry Education Group Inc.
Investor Contact:
Joan Bates,
630-353-3800
jbates@devrygroup.com
or
Media
Contact:
Ernie Gibble, 630-353-9920
egibble@devrygroup.com
Source: DeVry Education Group Inc.