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  1. #1
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    DeVry Inc. To Acquire Deaconess College of Nursing

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    March 15, 2005 04:09 PM US Eastern Timezone

    DeVry Inc. To Acquire Deaconess College of Nursing; Expanding Healthcare Curriculum to Alleviate Shortage of Qualified Nursing Professionals

    OAKBROOK TERRACE, Ill.--(BUSINESS WIRE)--March 15, 2005--DeVry Inc. (NYSEV), an international higher education company, today reported it has signed a definitive agreement to acquire Deaconess College of Nursing for approximately $5.3 million in cash, subject to purchase price adjustments.


    Located in St. Louis, Missouri, Deaconess has approximately 450 students enrolled and offers associate and bachelor's degree programs in nursing. In addition, Deaconess offers a bachelor's degree completion program designed for registered nurses who have previously completed an associate degree program. Classes are offered days, evenings and weekends with non-clinical coursework offered both on campus and online. Deaconess currently generates approximately $4 million in revenue and is not expected to have a material impact on DeVry's earnings in fiscal 2005.

    "Deaconess will be an excellent addition to our current offerings in healthcare and should provide exceptional growth opportunities due to demographic and economic trends," said Ronald L. Taylor, DeVry's chief executive officer. According to the U.S. Department of Health and Human Services, the shortage of nurses reached 100,000 in 2000. In addition, strong demand for qualified nurses will continue and is expected to outpace supply through 2020.

    "This acquisition further establishes DeVry's position at the intersection of technology and healthcare, where our graduates apply the innovations created by advancements in these areas," continued Taylor. "In addition, the acquisition is consistent with our plan to develop and acquire high quality educational programs with the potential to offer them at existing DeVry University locations, thereby improving capacity utilization at those sites."

    Deaconess College of Nursing is accredited by the Higher Learning Commission of the North Central Association, the National League for Nursing Accrediting Commission and the Commission on Collegiate Nursing Education. For more information about Deaconess College of Nursing, visit its web site at www.deaconess.edu.

    DeVry Inc. (NYSE: DV) is the holding company for DeVry University, Ross University, Deaconess College of Nursing and Becker Professional Review. DeVry University, which includes Keller Graduate School of Management, offers associate, bachelor's and master's degree programs in technology, business and management. Ross University, through its schools of Medicine and Veterinary Medicine, offers both doctor of medicine and doctor of veterinary medicine degrees. Deaconess College of Nursing offers associate and bachelor's degree programs in nursing. Becker Professional Review, which includes Stalla CFA Review, provides preparatory coursework for the certified public accountant, certified management accountant and chartered financial analyst exams. DeVry Inc. is based in Oakbrook Terrace, Ill. For more information about the company, visit http://www.devry.com.
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  2. #2
    singer is offline Elite Member 511 points
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    legitimate chance for job

    Its good to see Devry is actually going into more training in areas such as Medicine and Nursing where there are shortages of trained people and the pay is decent. Unfurtunately many of the other areas that Devry trains it such as computers etc there seems to be a difficulty in obtaining job. Noone I know of ever went to Devry University from my local high school. They would rather go to a local two year community college.
    When you become my age you will realize all of the hard work and studying was worth the effort.
    "60 years young" another 60 to go if my doctor sons keep me alive with free prescriptions!!

  3. #3
    azskeptic's Avatar
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    Re: legitimate chance for job

    Quote Originally Posted by singer
    Its good to see Devry is actually going into more training in areas such as Medicine and Nursing where there are shortages of trained people and the pay is decent. Unfurtunately many of the other areas that Devry trains it such as computers etc there seems to be a difficulty in obtaining job. Noone I know of ever went to Devry University from my local high school. They would rather go to a local two year community college.
    I agaree with you. I have friends whose kids went to DeVry and they end up with second tier jobs. Better to go to a real school that can transfer credits because the kid may end up actually being a good student and want to go on.
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  4. #4
    singer is offline Elite Member 511 points
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    cpa review

    As an Accountant I forgot to mention that Devry also has a very legitimate CPA review course in Becker.
    When you become my age you will realize all of the hard work and studying was worth the effort.
    "60 years young" another 60 to go if my doctor sons keep me alive with free prescriptions!!

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