Latest news with #SteveBeard
Business Wire
5 days ago
- Business
- Business Wire
Adtalem Global Education and Sallie Mae Sign Letter of Intent to Explore New Student Financing Model
CHICAGO & NEWARK, Del.--(BUSINESS WIRE)--Adtalem Global Education Inc. (NYSE: ATGE) and Sallie Mae (Nasdaq: SLM), formally SLM Corporation, today announced they have signed a Letter of Intent to explore alternative financing solutions for healthcare students as the federal Grad PLUS loan program phases out beginning July 1, 2026. The planned initiative intends to establish an alternative financing framework to help students across Adtalem's five institutions—representing one of the largest concentrations of future healthcare professionals—access funding to pursue their career goals. According to U.S. Bureau of Labor Statistics projections, healthcare occupations are expected to grow much faster than the average for all occupations from 2023-2033, with healthcare workers benefiting from recession-resistant career stability within the $4.3 trillion U.S. healthcare sector. In addition, the U.S. faces healthcare workforce shortages, with more than 7,000 areas currently designated as Health Professional Shortage Areas by the Health Resources and Services Administration. Moreover, the Association of American Medical Colleges projects a physician shortage of up to 124,000 by 2034, highlighting the urgent need for healthcare workforce expansion. "Sallie Mae is an exceptional leader in student financing, and an ally in our mission to scale healthcare education nationwide," said Steve Beard, chairman and chief executive officer, Adtalem Global Education. "Our institutions support over 90,000 students in their career aspirations, many of whom form the backbone of the U.S. healthcare system. This anticipated program will deepen our relationship with Sallie Mae and is expected to expand financing access for our students to complete their education and work in communities across the country. Together, we're creating innovative solutions that drive student success while addressing critical healthcare workforce needs—it's a win-win." 'As the market leader for private student lending, we are well-positioned to create innovative and scalable solutions that meet the evolving needs of our school partners and help as many students as possible access and responsibly fund their higher education,' said Jon Witter, chief executive officer, Sallie Mae. "This proposed initiative with Adtalem will not only assist their students pursuing critical, in-demand healthcare professions but also could serve as a model for other institutions seeking alternative financing solutions as they navigate changes to the federal student loan program.' The planned program will seek to establish a framework for developing tailored financing solutions specifically designed for healthcare education, which is expected to include deferred repayment options and degree-specific terms. The companies expect to finalize a definitive agreement and announce financing products in the coming months, subject to regulatory processes and final agreements. About Sallie Mae Sallie Mae (Nasdaq: SLM) believes education and life-long learning, in all forms, help people achieve great things. As the leader in private student lending, we provide financing and know-how to support access to college and offer products and resources to help customers make new goals and experiences, beyond college, happen. Learn more at Commonly known as Sallie Mae, SLM Corporation and its subsidiaries are not sponsored by or agencies of the United States of America. About Adtalem Global Education Adtalem Global Education is the leading provider of healthcare education in the U.S., shaping the future of healthcare by preparing a workforce with high-quality academic programs. We innovate education pathways, align with industry needs and empower individuals to reach their full potential. Our commitment to excellence and access is reflected in our expansive network of institutions, serving over 90,000 students and supported by a strong community of approximately 365,000 alumni and nearly 10,000 dedicated employees. Visit for more information, and follow us on LinkedIn, Instagram and Facebook.
Globe and Mail
5 days ago
- Business
- Globe and Mail
Adtalem Global Education and Sallie Mae Sign Letter of Intent to Explore New Student Financing Model
Adtalem Global Education Inc. (NYSE: ATGE) and Sallie Mae (Nasdaq: SLM), formally SLM Corporation, today announced they have signed a Letter of Intent to explore alternative financing solutions for healthcare students as the federal Grad PLUS loan program phases out beginning July 1, 2026. The planned initiative intends to establish an alternative financing framework to help students across Adtalem's five institutions—representing one of the largest concentrations of future healthcare professionals—access funding to pursue their career goals. This press release features multimedia. View the full release here: According to U.S. Bureau of Labor Statistics projections, healthcare occupations are expected to grow much faster than the average for all occupations from 2023-2033, with healthcare workers benefiting from recession-resistant career stability within the $4.3 trillion U.S. healthcare sector. In addition, the U.S. faces healthcare workforce shortages, with more than 7,000 areas currently designated as Health Professional Shortage Areas by the Health Resources and Services Administration. Moreover, the Association of American Medical Colleges projects a physician shortage of up to 124,000 by 2034, highlighting the urgent need for healthcare workforce expansion. "Sallie Mae is an exceptional leader in student financing, and an ally in our mission to scale healthcare education nationwide," said Steve Beard, chairman and chief executive officer, Adtalem Global Education. "Our institutions support over 90,000 students in their career aspirations, many of whom form the backbone of the U.S. healthcare system. This anticipated program will deepen our relationship with Sallie Mae and is expected to expand financing access for our students to complete their education and work in communities across the country. Together, we're creating innovative solutions that drive student success while addressing critical healthcare workforce needs—it's a win-win." 'As the market leader for private student lending, we are well-positioned to create innovative and scalable solutions that meet the evolving needs of our school partners and help as many students as possible access and responsibly fund their higher education,' said Jon Witter, chief executive officer, Sallie Mae. "This proposed initiative with Adtalem will not only assist their students pursuing critical, in-demand healthcare professions but also could serve as a model for other institutions seeking alternative financing solutions as they navigate changes to the federal student loan program.' The planned program will seek to establish a framework for developing tailored financing solutions specifically designed for healthcare education, which is expected to include deferred repayment options and degree-specific terms. The companies expect to finalize a definitive agreement and announce financing products in the coming months, subject to regulatory processes and final agreements. About Sallie Mae Sallie Mae (Nasdaq: SLM) believes education and life-long learning, in all forms, help people achieve great things. As the leader in private student lending, we provide financing and know-how to support access to college and offer products and resources to help customers make new goals and experiences, beyond college, happen. Learn more at Commonly known as Sallie Mae, SLM Corporation and its subsidiaries are not sponsored by or agencies of the United States of America. About Adtalem Global Education Adtalem Global Education is the leading provider of healthcare education in the U.S., shaping the future of healthcare by preparing a workforce with high-quality academic programs. We innovate education pathways, align with industry needs and empower individuals to reach their full potential. Our commitment to excellence and access is reflected in our expansive network of institutions, serving over 90,000 students and supported by a strong community of approximately 365,000 alumni and nearly 10,000 dedicated employees. Visit for more information, and follow us on LinkedIn, Instagram and Facebook.
Fast Company
21-07-2025
- Business
- Fast Company
These are the keys to good strategic partnerships that can future-proof your business
Hello and welcome to Modern CEO! I'm Stephanie Mehta, CEO and chief content officer of Mansueto Ventures. Each week this newsletter explores inclusive approaches to leadership drawn from conversations with executives and entrepreneurs, and from the pages of Inc. and Fast Company. If you received this newsletter from a friend, you can sign up to get it yourself every Monday morning. Modern business is built on partnerships. Some 43% of mid-market executives surveyed by J.P. Morgan at the end of last year said they were planning to invest in strategic alliances in 2025 as part of their growth plans. A third of Fast Company's Most Innovative Companies surveyed in 2023 said they were looking at initiating partnerships with third parties to maintain their innovation readiness. What does it take to make such partnerships work? 'You need humility and the willingness to take a risk on behalf of the partner so that both sides have skin in the game,' says Steve Beard, chairman and CEO of Adtalem Global Education, a for-profit provider of education and training for the healthcare industry. Finding solutions together Adtalem, which reported $1.6 billion in sales in fiscal 2024, up 9.2% from a year earlier, routinely partners with schools, hospital systems, and training organizations to increase its pipeline of medical professionals and offer hands-on experience to students and graduates. Beard shared the example of a new alliance between Chamberlain University, one of Adtalem's nursing schools, and SSM Health, a nonprofit health system operating in Illinois, Missouri, Oklahoma, and Wisconsin. The arrangement aims to enroll 400 nurses annually, primarily in Chamberlain's online Bachelor of Science in Nursing (BSN) program. Students in the program have the opportunity to gain work experience at SSM Health facilities while in school and have access to full-time employment opportunities at SSM Health—with loan repayment—upon graduation. Beard and Amy Wilson, chief nurse executive of SSM Health, say the program is designed to help address a nursing shortage in the U.S. The Bureau of Labor Statistics is projecting nearly 200,000 nursing openings each year through 2032 due to retirements—but the size of the registered nurse population is only expected to grow by 177,400 nurses between 2022 and 2032. Chamberlain recruits 'nontraditional' students, including people whose educations have been interrupted or those who have been shut out of selective colleges and universities. The school says it is the No. 1 provider of nursing degrees to minority students. 'Prestige and selectivity are, by definition, intended to be small, and there's no incentive for those institutions to grow to meet the market demand, which creates a very attractive lane for us,' says Beard. 'That is exactly what we exist to do.' Critics of for-profit colleges say students can get a comparable education at community or state colleges for much less money and fret about the schools' low completion rates. 'While our tuition may be higher than community colleges, it's often lower than private nonprofit institutions and out-of-state public rates,' says Beard. 'When you factor in speed to completion and targeted career alignment, we believe we offer strong return on investment for students underserved by traditional models.' Chamberlain says its four-year graduation rate is 71.2% for full-time undergraduate students across all its campuses compared with about 50% across all four-year institutions. Partnerships at work Beard says Adtalem respects its partners' areas of expertise. 'We have to have the humility to understand that we'll never know as much about their business and the challenges they're facing as they do.' And in partnerships like the one with SSM Health, each party had to be willing to try something different in order to make the deal a win-win. In SSM's case, Wilson says, the health system had to get comfortable with giving Chamberlain students priority placement in its clinical settings, an accommodation Wilson says she was willing to make in order to help fill her hiring pipeline. 'Saying that you have a strategic relationship with one school can sometimes be difficult within the nursing profession,' she says. 'We had to overcome that hurdle internally and get people comfortable with that.' For Adtalem, the arrangement means that other health systems won't necessarily have access to recruit from the student population that commits to work at SSM. Beard advises other CEOs that their teams need to be willing to co-create and iterate for partnerships to succeed. 'We've built in a tremendous amount of flexibility to adapt the program and its features as we learn together.' Announcing Inc.'s Power Partners Does your company partner with small businesses and entrepreneurs? Every year, Inc.'s Power Partner Awards recognizes companies of all sizes that help independent companies scale. You can apply here to earn a slot on this prestigious list. The deadline is July 25.
Business Wire
09-07-2025
- Business
- Business Wire
Chamberlain University and SSM Health Launch Landmark Partnership to Address Nursing Shortage
CHICAGO--(BUSINESS WIRE)-- Chamberlain University, the nation's largest School of Nursing and part of Adtalem Global Education Inc. (NYSE: ATGE), and SSM Health, a leading Catholic health system, announced today the launch of the Aspiring Nurse Program—a large-scale partnership designed to fund nursing education, enhance clinical readiness and create a pathway to employment across SSM Health's care sites in Missouri, Oklahoma, Illinois and Wisconsin. The ambitious partnership is the first of its kind in the nation—offering a direct, employment-focused pathway for aspiring nurses by combining tuition support with immersive clinical experience, and the opportunity for job placement within SSM Health facilities after graduation. In return, students commit to joining SSM Health's workforce, creating a sustainable talent pipeline that is projected to produce more than 400 new nurses annually. 'The nursing shortage demands bold, scalable solutions,' said Laura S. Kaiser, FACHE, president & CEO of SSM Health. 'The Aspiring Nurse Program is a strategic long-term investment in our people and our Mission. It's designed to meet today's workforce challenges while building a stronger, more resilient future for nursing.' This partnership also represents a leap forward in Adtalem's strategy to become the clinical workforce partner of choice for providers nationwide. 'This partnership with SSM Health demonstrates the transformative power of large-scale collaboration between education and healthcare,' said Steve Beard, chairman and chief executive officer, Adtalem Global Education. 'When forward-thinking health systems invest in comprehensive workforce partnerships—combining funding, hands-on facility training and a direct line to employment—we create sustainable pipelines that scale with provider needs. We're building the foundation for long-term workforce stability while ensuring graduates are day-one ready. This is the future of strategic healthcare workforce development.' The Aspiring Nurse Program launches in Oklahoma this fall through Chamberlain's online Bachelor of Science in Nursing (BSN) program, with additional cohorts to follow in St. Louis and Jefferson City, Missouri, as well as in Illinois and Wisconsin. Students will train directly within SSM Health facilities—where they may eventually work—gaining firsthand experience with the health system's work culture, care practices and technology systems before starting their professional careers. 'This program is more than a solution to the nursing shortage—it's a bold reimagining of how we grow and support the next generation of nurses,' said Amy Wilson, DNP, chief nurse executive for SSM Health. 'By investing in education and clinical experience from day one, we're not only preparing students for success—we're strengthening the future of patient care across our communities.' Founded as Deaconess College of Nursing, Chamberlain's legacy is rooted in a mission to serve communities through care and education. This alignment fosters a values-driven learning environment that not only prepares students clinically, but also instills a deep commitment to service, empathy and holistic care—qualities essential to delivering exceptional patient outcomes within SSM Health. "We are excited to partner with SSM Health to place future nurses where they're needed most across multiple states," said Karen Cox, PhD, RN, FACHE, FAAN, president of Chamberlain University. "Nurses are essential to community health, and expanding the workforce supports both patients and current caregivers. As the nation's largest School of Nursing, we're eager to create innovative and immediate opportunities for our graduates in communities where they'll make a real impact." For more information on the Aspiring Nurse Program or to apply for the inaugural cohort starting September 2025, please visit About Adtalem Global Education Adtalem Global Education is the leading provider of healthcare education in the U.S., shaping the future of healthcare by preparing a practice-ready workforce with high-quality academic programs. We innovate education pathways, align with industry needs and empower individuals to reach their full potential. Our commitment to excellence and access is reflected in our expansive network of institutions, serving over 90,000 students and supported by a strong community of approximately 365,000 alumni and nearly 10,000 dedicated employees. Visit for more information, and follow us on LinkedIn, Instagram and Facebook. About Chamberlain University Chamberlain University, an Adtalem Global Education institution, educates, empowers, and emboldens a diverse community of healthcare professionals who seek to advance the health of people, families, communities, and nations. Chamberlain has the largest school of nursing in the U.S., with both on-campus and online degree programs. Chamberlain is comprised of the College of Nursing and the College of Health Professions, offering a variety of bachelor's, master's, doctoral, and certificate programs. Chamberlain University is accredited by the Higher Learning Commission. Visit for more information, and follow on Twitter, Instagram, Facebook and LinkedIn. About SSM Health Nationally recognized for quality and innovation, SSM Health is a Catholic, not-for-profit, fully integrated health system working to advance health equity and empower all people to achieve their full potential. With care delivery sites in Illinois, Missouri, Oklahoma and Wisconsin, SSM Health provides convenient access to high-quality community-based services as well as world-class academic medicine, clinical trials and research studies. The organization's footprint includes hospitals, physician offices, outpatient and virtual care services, senior care, comprehensive home care and hospice services, a fully transparent pharmacy benefit company, a health insurance company and an accountable care organization. As one of the largest employers in every community it serves, the organization's 40,000 team members and 15,000 providers are dedicated to fulfilling SSM Health's Mission: 'Through our exceptional health care services, we reveal the healing presence of God.' For more information, visit or find us on Facebook and LinkedIn.
Yahoo
10-06-2025
- Business
- Yahoo
ATGE Q1 Earnings Call: Enrollment Growth, Digital Initiatives, and Increased Guidance
Vocational education company Adtalem Global Education (NYSE:ATGE) reported Q1 CY2025 results beating Wall Street's revenue expectations , with sales up 12.9% year on year to $466.1 million. The company's full-year revenue guidance of $1.77 billion at the midpoint came in 0.9% above analysts' estimates. Its non-GAAP profit of $1.92 per share was 16.2% above analysts' consensus estimates. Is now the time to buy ATGE? Find out in our full research report (it's free). Revenue: $466.1 million vs analyst estimates of $446.4 million (12.9% year-on-year growth, 4.4% beat) Adjusted EPS: $1.92 vs analyst estimates of $1.65 (16.2% beat) Adjusted EBITDA: $127.8 million vs analyst estimates of $111.2 million (27.4% margin, 14.9% beat) The company lifted its revenue guidance for the full year to $1.77 billion at the midpoint from $1.75 billion, a 1.3% increase Management raised its full-year Adjusted EPS guidance to $6.50 at the midpoint, a 4.8% increase Operating Margin: 20.9%, up from 19.5% in the same quarter last year Market Capitalization: $4.36 billion Adtalem's first-quarter results were shaped by significant enrollment growth across its core institutions and continued investment in digital learning tools. CEO Steve Beard highlighted Chamberlain University's expansion of its BSN Online program and Walden University's strong student persistence, both contributing to the company's momentum. Beard pointed to Walden's use of predictive analytics to improve student retention, stating, 'We've increased and enhanced our ability to intervene in the student journey in ways that keep our students pacing through materials in ways that ensure they're successful.' Growth in the Medical and Veterinary segment, though modest, was also noted, with Beard referencing increased inquiry-to-enrollment conversion. Segment performance benefited from strategic initiatives aimed at expanding access and improving academic outcomes. Looking ahead, management's updated guidance reflects expectations for continued enrollment gains and margin expansion, underpinned by ongoing investments in digital platforms, program capacity, and geographic reach. CFO Bob Phelan explained that the company plans to increase growth investments in the coming quarter to 'set us up well heading into next year,' suggesting a focus on both operational leverage and long-term scalability. Beard indicated that Adtalem is exploring new program launches and potential geographic expansion, stating, 'There are new programs we'd like to bring online... and the vehicles we would use to accomplish bringing on that new capacity are everything from investments in existing programs to acquiring new programs, to standing up new de novo programs.' Management attributed the quarter's outperformance to broad-based enrollment gains, investments in student-facing digital tools, and ongoing partnerships with healthcare providers. Enrollment-driven revenue growth: Significant student enrollment increases at Chamberlain University and Walden University were primary drivers, supported by expanded online offerings and high persistence rates. Digital innovation impact: Walden University's implementation of predictive analytics and digital engagement tools improved student retention and academic outcomes, with Beard noting near-record persistence across large programs. Healthcare partnerships and specialty focus: Chamberlain's Practice Ready Specialty Focused program, developed with healthcare partners, gave students hands-on exposure to high-demand specialties, which management believes improves job placement and employer satisfaction. Medical and Veterinary segment stabilization: While enrollment returned to growth in this segment, margins declined due to timing of investments and structural costs; management views this as positioning for future expansion. Share repurchase and capital allocation: Completion of a $300 million share repurchase and authorization of an additional $150 million program were highlighted, reflecting a focus on returning capital while funding innovation and operational growth. Adtalem expects that sustained enrollment momentum, enhanced digital tools, and expanded program capacity will drive continued revenue and margin growth in the coming quarters. Capacity and program expansion: Management plans to invest in expanding existing program capacity and launching new offerings, including geographic expansion and additions in high-demand healthcare fields, to capture unmet market demand. Innovation in student engagement: Continued deployment of predictive analytics and digital interventions is expected to further improve student retention and success, which management sees as key to profitability and long-term growth. Regulatory and funding environment: While management does not anticipate near-term funding pressure or regulatory headwinds, ongoing monitoring of legislative and Department of Education developments remains a priority given the sector's sensitivity to policy changes. In the coming quarters, the StockStory team will monitor (1) the pace and effectiveness of Adtalem's investments in new program capacity and geographic reach, (2) improvements in student retention and academic outcomes driven by digital engagement tools, and (3) stability and recovery of margins in the Medical and Veterinary segment as operational investments mature. Developments in federal education policy or funding will also be important to watch. Adtalem currently trades at a forward P/E ratio of 17.5×. At this valuation, is it a buy or sell post earnings? Find out in our full research report (it's free). The market surged in 2024 and reached record highs after Donald Trump's presidential victory in November, but questions about new economic policies are adding much uncertainty for 2025. While the crowd speculates what might happen next, we're homing in on the companies that can succeed regardless of the political or macroeconomic environment. Put yourself in the driver's seat and build a durable portfolio by checking out our Top 5 Growth Stocks for this month. This is a curated list of our High Quality stocks that have generated a market-beating return of 183% over the last five years (as of March 31st 2025). Stocks that made our list in 2020 include now familiar names such as Nvidia (+1,545% between March 2020 and March 2025) as well as under-the-radar businesses like the once-small-cap company Exlservice (+354% five-year return). Find your next big winner with StockStory today.
