Adtalem World wide Education (NYSE: ATGE), a primary workforce remedies service provider, these days issued the pursuing assertion connected to a letter issued by Motor Funds LP (alongside one another with its affiliate marketers, Motor) and Hawk Ridge Companions LP (jointly with its affiliates, Hawk Ridge):
Adtalem is dedicated to preserving an lively dialogue with its shareholders and welcomes responses that may possibly advance the objective of enhancing worth for all shareholders. Members of Adtalems Board of Directors and management team have fulfilled with reps of Motor and Hawk Ridge on many situations in modern months. The business will take into consideration Engine’s and Hawk Ridges sights in due study course and looks ahead to continuing a constructive dialogue.
Adtalem is concentrated on executing its lengthy-term expansion system to generate a primary workforce remedies company by means of strategic investments and the streamlining of its portfolio. In line with this technique and to fulfill the desires of an evolving industry, the corporation divested DeVry University and Carrington College in 2018 and Adtalem Brazil in 2020. In addition, in 2020 the firm introduced a definitive arrangement to purchase Walden University, a primary on line healthcare education and learning supplier. With the addition of Walden College, Adtalem will have an even better capacity to broaden entry to large-quality instruction for pupils as a result of an unmatched depth and breadth of on the internet, on-campus and hybrid instructional choices and scientific partnerships.
We continue being concentrated on executing our main workforce answers supplier tactic and expanding our portfolio in substantial progress locations when divesting those people firms that ended up not aligned with our lengthy-term progress strategy. We keep on to prioritize making lengthy-phrase shareholder value and amplifying our social influence on our college students, employer partners and the communities that we serve, stated Lisa Wardell, chairman and CEO of Adtalem.
About Adtalem Global Education
The function of Adtalem Global Training is to empower pupils to realize their objectives, find accomplishment, and make inspiring contributions to our world local community. Adtalem World Schooling Inc. (NYSE: ATGE member S&P MidCap 400 Index) is a foremost workforce remedies provider and the father or mother group of American College of the Caribbean College of Drugs, Affiliation of Certified Anti-Dollars Laundering Specialists, Becker Experienced Education and learning, Chamberlain College, EduPristine, OnCourse Discovering, Ross College School of Drugs and Ross College Faculty of Veterinary Medicine. For far more details, make sure you check out adtalem.com and follow us on Twitter (@adtalemglobal) and LinkedIn.
Specific statements contained in this press launch are forward-hunting statements as defined in the Personal Securities Litigation Reform Act of 1995. Forward-searching statements offer existing anticipations of foreseeable future events primarily based on particular assumptions and consist of any assertion that does not specifically relate to any historical or existing simple fact, which involves statements regarding the pending Walden University acquisition and the prospective positive aspects of these acquisition to Adtalem, Adtalems anticipations for extended-phrase development tendencies in health care and on the net instruction, Adtalems expectation of extended-time period worth generation for shareholders, Adtalems fiscal calendar year 2021 advancement targets in revenue and EPS, Adtalems motivation to sustaining an energetic dialogue with its shareholders, Adtalems extended-term progress technique and priorities, as properly as the assumptions fundamental these statements. Forward-searching statements can also be recognized by phrases these kinds of as long term, think, count on, anticipate, estimate, system, intend, may well, will, would, could, can, carry on, preliminary, selection, and similar conditions. These forward-on the lookout statements are topic to hazard and uncertainties that could bring about real outcomes to vary materially from individuals explained in the statements, including (i) the pending Walden College acquisition may possibly not be consummated at all, or even if consummated may not have the meant benefits to Adtalem, (ii) regulatory developments and governmental and third bash investigations and legal actions, (iv) outbreak of communicable bacterial infections or health conditions, which includes the COVID-19 pandemic, (v) Adtalems potential to recruit and keep students, (vi) competition in the postsecondary education and learning sector, and (vii) Adtalems capacity to correctly determine, go after, shut and combine acquisitions. These possibility and uncertainties consist of the danger factors explained in Item 1A. Danger Things of our most modern Yearly Report on Variety 10-K for the fiscal calendar year ended June 30, 2020 submitted with the Securities and Exchange Commission (SEC) on August 18, 2020 and our other filings with the SEC. These forward-looking statements are dependent on details available to us as of the day any this sort of statements are manufactured, and we do not undertake any obligation to update any ahead-looking statement, apart from as needed by regulation.