DeVry Inc. was created in 1987 with the merger of DeVry Institute of Technology (DIT) and the Keller Graduate School of Management.[4] DIT was established in Chicago as the DeForest Training School in 1931 and was acquired by Bell & Howell in 1967. Keller was started by two DIT teachers in 1973; the company acquired DIT from Bell & Howell in 1987. DeVry Inc. went public in 1991,[5] moved to the New York Stock Exchange in 1995,[6] and became known as DeVry Education Group in 2013.[7] The company was previously based in Downers Grove, Illinois.[8]
In 2012, the company moved 150 jobs from its campus in Roscoe Village to a new office in Chicago's West Loop. The company had additional offices in Oak Brook, as of 2013.[9] In 2015, the company opened another office in the West Loop, after the city approved a $1 million subsidy for the company in the form of tax increment financing in 2012.[10]
In 2011, DeVry continued its international reach with the acquisition of ATC International (a subsidiary of Becker Professional Education), which provides professional finance and accounting training in Central and Eastern Europe as well as Central Asia; and American University of the Caribbean, a medical school located in St. Maarten.[11] In November 2013, DeVry Inc. was renamed DeVry Education Group.[12]
DeVry Education Group changed its name to Adtalem Global Education in June 2018.[13] In December 2018, Adtalem completed transferral of DeVry University and Keller Graduate School of Management properties to Cogswell Education LLC.[14] This was completed just days after the transfer of Carrington College to San Joaquin Valley College.[15]
In September 2020, Adtalem Global Education announced that it began the process of purchasing Walden University for US$1.48 billion in cash.[16] According to Higher Education Dive "Two investment firms, Engine Capital and Hawk Ridge Partners, wrote in an open letter...that they were "severely disappointed" with the board's decision to purchase Walden, calling the college a 'substantially inferior asset.'"[17]In August 2021, Adtalem Global Education Inc completed its acquisition of Walden University.[18]
In 2022, Adtalem sold the Association of Certified Anti-Money Laundering Specialists, Becker Professional Education and OnCourse Learning to Wendel Group and Colibri Group.[19]
Chris Begley was the board chair in 2016.[25] Daniel Hamburger and Lisa Wardell have previously held the CEO role.[26][27] Wardell was appointed in 2016.[28][29] She was the only Black woman to lead a Fortune 1000 company in 2018, according to Crain's Chicago Business.[30] Wardell was also the board chair in 2019. In 2021, an analysis by the University of Illinois Urbana-Champaign ranked Adtalem in the top five Illinois-based public firms for both gender and racial diversity on the board.[31]
As of 2013[update], DeVry Inc. was under investigation by the Attorneys General of the states of Illinois and Massachusetts.[34][35]
A lawsuit filed against DeVry alleged deceptive recruiting practices in violation of federal law.[36]
In January 2016, The Federal Trade Commission filed a lawsuit against DeVry Education Group alleging false or misleading advertising.[37][38] A class action lawsuit was also filed against DeVry Group in US District Court, Northern District of California claiming breaches of contract, good faith and fair dealing, violations of the California Unfair Trade Practices Act, the California False Advertising Act and the California Consumer Legal Remedies Act, and negligent misrepresentations. A confidential settlement was reached.[39]
In May 2016, a shareholder class action lawsuit was filed against DeVry Group, in the US District Court, Northern District of Illinois. The plaintiffs claimed that defendants made false or misleading statements regarding DeVry University's graduate employment rate and the earnings of DeVry University graduates relative to the graduates of other universities and colleges.[39] The case was settled in 2019 for $27.5 million.[40]
In December 2017, a former administrator filed a civil lawsuit number with the Los Angeles Superior Court, seeking relief for a number of causes of action including Retaliation and Wrongful Termination in Violation of Public Policy for complaining about an incentive-based compensation program that rewarded campus deans for recruiting and enrolling students.[41]
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