Education Companies

DeVry Changing Name

• By Dian Schaffhauser
• 05/11/17

The holding company for for-profit DeVry University has declared its intent to change its name. The DeVry Education Group, which owns the institution, filed a notification with the Securities and Exchange Commission that it planned to vote on a name change later this month. The new name: Adtalem Global Education. According to the filing, ad talem is the Latin translation of the phrase "to empower."

The company stated that the new name would provide "a more flexible platform positioned for future growth, supporting continued diversification across healthcare, professional education and services, technology and business worldwide." Currently, more than half of DeVry's 225,000 students are in Brazil; 40,000 are studying healthcare.

The name change would also come with an update to DeVry's ticker symbol, from DV to ATGE. There was no mention in the Schedule 14A about how or whether the schools themselves would be renamed. The vote will be finalized May 22 in Downers Grove, IL, where the company is based.