Adtalem Global Education Inc. issued the following announcement on Oct. 16.
Adtalem Global Education (NYSE: ATGE), a leading workforce solutions provider, today confirmed it is exploring strategic alternatives for its Brazil portfolio and is in discussions with interested parties, including active negotiations with YDUQS (formerly known as Estacio Participações), regarding the potential sale of Adtalem Educacional do Brasil. Entry into any transaction would be subject to material conditions, and there can be no assurance that any binding agreement will be reached.
Adtalem will have no further comment on any potential sale until a binding agreement is reached or the discussions are terminated.
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.
Original source: https://www.adtalem.com/newsroom/press-releases/adtalem-global-education-confirms-it-is-in-discussions-regarding-the-potential-sale-of-adtalem-educacional-do-brasil.html