LovinMiami
04-20-2007, 03:42 PM
Not sure if this has been posted here, but interesting to read the SEC filing by Devry Inc. The financial break down includes Ross University (both medical and vet school combined). Some interesting facts...
Medical and Healthcare segment revenues increased by 27.3% to $36.0 million in the second quarter and grew 28.8% to $67.0 million for the first six months of fiscal year 2007 as compared to the prior year periods. Ross University accounted for the significant majority of the revenue increase in this segment. The two principal factors that influence revenues are enrollment and tuition rates. Key trends in these two components are set forth below.
Ross University total enrollment by term:
Increased by 4.5% from January 2005 (3,122 students) to January 2006 (3,264 students)
Increased by 13.2% from May 2005 (3,029 students) to May 2006 (3,428 students); and
Increased by 15.4% from September 2005 (3,227 students) to September 2006 (3,724 students).
Ross University new student enrollment by term:
Increased by 67.5% from January 2005 (231 students) to January 2006 (387 students);
Increased by 63.8% from May 2005 (268 students) to May 2006 (439 students); and
Increased by 9.2% from September 2005 (575 students) to September 2006 (628 students). In the September 2005 term, new student enrollments grew 40.6%.
Tuition rates:
Tuition and fees for the Ross University beginning basic sciences programs increased by approximately 5% for the September 2006 term;
Tuition and fees for the Ross University final clinical portion of the programs increased by approximately 5% as compared to the year-ago quarter; and
Can read the rest for yourself...
DEVRY INC (Form: 10-Q, Received: 02/08/2007 14:53:36) (http://google.brand.edgar-online.com/EFX_dll/EDGARpro.dll?FetchFilingHTML1?SessionID=SE7vjmmKL9 FU3Ki&ID=4936536)
Medical and Healthcare segment revenues increased by 27.3% to $36.0 million in the second quarter and grew 28.8% to $67.0 million for the first six months of fiscal year 2007 as compared to the prior year periods. Ross University accounted for the significant majority of the revenue increase in this segment. The two principal factors that influence revenues are enrollment and tuition rates. Key trends in these two components are set forth below.
Ross University total enrollment by term:
Increased by 4.5% from January 2005 (3,122 students) to January 2006 (3,264 students)
Increased by 13.2% from May 2005 (3,029 students) to May 2006 (3,428 students); and
Increased by 15.4% from September 2005 (3,227 students) to September 2006 (3,724 students).
Ross University new student enrollment by term:
Increased by 67.5% from January 2005 (231 students) to January 2006 (387 students);
Increased by 63.8% from May 2005 (268 students) to May 2006 (439 students); and
Increased by 9.2% from September 2005 (575 students) to September 2006 (628 students). In the September 2005 term, new student enrollments grew 40.6%.
Tuition rates:
Tuition and fees for the Ross University beginning basic sciences programs increased by approximately 5% for the September 2006 term;
Tuition and fees for the Ross University final clinical portion of the programs increased by approximately 5% as compared to the year-ago quarter; and
Can read the rest for yourself...
DEVRY INC (Form: 10-Q, Received: 02/08/2007 14:53:36) (http://google.brand.edgar-online.com/EFX_dll/EDGARpro.dll?FetchFilingHTML1?SessionID=SE7vjmmKL9 FU3Ki&ID=4936536)