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MarketScreener Homepage  >  Equities  >  Nyse  >  Adtalem Global Education Inc    ATGE

ADTALEM GLOBAL EDUCATION INC

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Ross University School of Medicine : and Saint Peter's University Partner to Increase Physician Diversity

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08/14/2019 | 12:15pm EDT

Schools create pathway program for graduates of the Hispanic Serving Institution to attend medical school

Hispanics comprise 18 percent1 of the U.S. population yet are only 5 percent2 of U.S. physicians. In an effort to drive diversity in the physician workforce, Saint Peter’s University and Ross University School of Medicine (RUSM) announced an agreement to help more Hispanics attend medical school. The agreement, signed today at Saint Peter’s campus, creates an educational pathway program for Saint Peter’s graduates to study medicine at RUSM. Qualified Saint Peter’s students who earn full acceptance into the medical school will receive a scholarship for first semester tuition at the RUSM campus in Barbados.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20190814005579/en/

Left to right: William F. Owen Jr., M.D., FACP, Dean and Chancellor, Ross University School of Medicine and Eugene Cornacchia, Ph.D., President, Saint Peter’s University

Left to right: William F. Owen Jr., M.D., FACP, Dean and Chancellor, Ross University School of Medicine and Eugene Cornacchia, Ph.D., President, Saint Peter’s University

"Student success is not only measured by what our students accomplish while they are here, but what they go on to accomplish after graduation," said Eugene J. Cornacchia, Ph.D., president of Saint Peter's University. “This partnership with RUSM exemplifies our mission to find new pathways to employment and career advancement for our diverse student population.”

“The U.S. needs more Hispanic and Latino physicians if the medical profession is to serve our communities effectively,” said William F. Owen, Jr., M.D., FACP, dean and chancellor of RUSM. “The lack of a diverse physician workforce negatively impacts healthcare outcomes in Hispanic communities and communities of color that are typically prone to high rates of chronic diseases. We’re working to address that long overdue challenge to increase the diversity of our nation’s physicians by partnering with Hispanic Serving Institutions (HSI) and Historically Black Colleges and Universities (HBCU), using novel student engagements, validated support programs and senior-level commitments to success.”

As an HSI, Saint Peter’s has been consistently recognized for its commitment to serving Latino students. In 2016, Saint Peter’s was awarded the Title III HSI STEM grant for $3.8 million to support SURGE (STEM Undergraduate Retention, Graduation, and Empowerment) that provides opportunities for research. In 2018 Saint Peter’s also received the National Science Foundation’s first-ever Hispanic serving grant for $1.5 million to build STEM internship experiences. Most recently Saint Peter’s was selected as one of 20 nationwide finalists to receive a Seal of Excelencia certification from Excelencia in Education, a nonprofit organization that seeks to accelerate Latino student success in higher education.

RUSM is an International Member of the Hispanic Association of Colleges and Universities. RUSM has also announced four similar agreements with minority serving institutions over the past year, including: Charles R. Drew University, Dillard University, Florida Agricultural and Mechanical University, and Tuskegee University. As part of its continued commitment to addressing diversity, RUSM’s parent company, Adtalem Global Education (NYSE: ATGE), signed on to the HBCU Partnership Challenge created by the Congressional Bipartisan HBCU Caucus, pledging to invest in creating strategic collaborations with HBCUs and working to increase diversity in key workforce sectors.

Having recently celebrated its 40th anniversary, RUSM’s 14,000-plus diverse alumni practice medicine throughout North America and across all specialties, including a high percentage of graduates who enter the in-demand field of primary care. More than a quarter of RUSM students identify as black or Hispanic, with RUSM earning a 96 percent USMLE Step 1 first-time pass rate in 2018. RUSM also achieved a 92 percent residency attainment rate for first-time-eligible 2018-2019 graduates, and of the 647 RUSM medical students who attained residency in March of 2019, 82 were black and 61 were Hispanic.

About Saint Peter’s

Saint Peter’s University, inspired by its Jesuit, Catholic identity, commitment to individual attention and grounding in the liberal arts, educates a diverse community of learners in undergraduate, graduate, doctoral and professional programs to excel intellectually, lead ethically, serve compassionately and promote justice in our ever-changing urban and global environment. To learn more, please visit www.saintpeters.edu.

About Ross University School of Medicine

Ross University School of Medicine (RUSM) is an institution of Adtalem Global Education (NYSE: ATGE). Founded in 1978 and located in Barbados, RUSM has more than 14,000 alumni and is committed to educating a diverse group of skilled physicians. RUSM is accredited by the Caribbean Accreditation Authority for Education in Medicine and Other Health Professions (CAAM-HP). For more information, please visit medical.rossu.edu and follow RUSM on Twitter (@RossMedSchool), Instagram (@rossmedschool) and Facebook (@RossMedSchool).

About Adtalem Global Education

The purpose of Adtalem Global Education is to empower students to achieve their goals, find success and make inspiring contributions to our global community. Adtalem Global Education Inc. (NYSE: ATGE; member S&P MidCap 400 Index) is a leading workforce solutions provider and the parent organization of Adtalem Educacional do Brasil (IBMEC, Damásio and Wyden institutions), American University of the Caribbean School of Medicine, Association of Certified Anti-Money Laundering Specialists, Becker Professional Education, Chamberlain University, EduPristine, OnCourse Learning, Ross University School of Medicine and Ross University School of Veterinary Medicine. For more information, please visit adtalem.com and follow us on Twitter (@adtalemglobal) and LinkedIn.

1https://www.census.gov/library/visualizations/2018/comm/hispanic-projected-pop.html

2https://jamanetwork.com/journals/jamainternalmedicine/fullarticle/2429534


© Business Wire 2019
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Financials (USD)
Sales 2019 1 239 M
EBIT 2019 204 M
Net income 2019 121 M
Debt 2019 147 M
Yield 2019 -
P/E ratio 2019 28,4x
P/E ratio 2020 15,8x
EV / Sales2019 2,35x
EV / Sales2020 2,18x
Capitalization 2 762 M
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Number of Analysts 4
Average target price 52,00  $
Last Close Price 48,81  $
Spread / Highest target 27,0%
Spread / Average Target 6,54%
Spread / Lowest Target -3,71%
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NameTitle
Lisa W. Wardell President & Chief Executive Officer
James D. White Chairman
Stephen Wayne Beard COO, Secretary, Senior VP & General Counsel
Patrick J. Unzicker Chief Financial Officer, Treasurer & Senior VP
Christopher C. Nash Chief Information Officer & Senior Vice President
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