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DeVry Inc. Announces First-Quarter 2013 Results

Stocks in this article: DV

Medical and Healthcare Segment

DeVry Medical International

In the 2012 September session for DeVry Medical International, new students increased 8.4 percent to 925, compared to 853 students for prior year session. Total students increased 2.1 percent to 6,209 compared to 6,082 students in the same session last year. Expansion of American University of the Caribbean School of Medicine’s (AUC) campus continues with a new academic building under construction, which is scheduled for completion in fall 2013.

Chamberlain College of Nursing

Chamberlain's new student enrollment in the September session increased 52.6 percent to 1,625 students, compared to 1,065 in September 2011. Total student enrollment increased 20.2 percent to 12,050 students compared with 10,029 during the same period last year.

These results reflect strong demand at campuses opened in the last several years and a record grand opening at Chamberlain’s Atlanta campus. In September, Chamberlain received approval for a new campus in Cleveland with classes scheduled to start in January 2013.

Chamberlain recently partnered with the National League for Nursing (NLN) to establish the NLN Chamberlain College of Nursing Center for the Advancement of the Science of Nursing Education. The NLN/Chamberlain Center will promote evidence-based nursing education and the scholarship of teaching, enabling the expansion of NLN programming in nursing education research.

Carrington Colleges Group

For the three month period ending September 30, 2012, new student enrollment for Carrington Colleges Group increased 33.3 percent to 3,396 versus 2,548 in the previous year. Total enrollment decreased 8.3 percent to 7,628 compared to 8,322 in the prior year.

These institutions continued to make progress on their turnaround plans, which led to higher quality inquiries, and improved conversion and retention rates in the quarter.

International, K-12, and Professional Education Segment

Becker Professional Education

Becker recently announced that it has been named an approved provider of continuing professional education (CPE) to the IRS for its Registered Tax Return Preparers and Enrolled Agents. Becker also launched CPA preparatory courses in Mandarin, continuing the expansion of its international presence.

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