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DeVry Changes Name To DeVry Education Group

Stocks in this article: DV

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.

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