DeVry Brasil to Acquire Faculdade Ideal
December 18 2014 - 8:00AM
Business Wire
Continues Expansion in Brazil’s Northern
Region
DeVry Education Group (NYSE:DV), a global provider of
educational services, today announced that DeVry Brasil has entered
into an agreement to acquire Faculdade Ideal (Faci). Located in
Belém, Pará in northern Brazil, Faci currently serves approximately
2,500 students and offers undergraduate programs in high-demand
career fields such as law, education, accounting, technology and
engineering. The transaction is expected to be completed in the
third quarter of fiscal 2015.
DeVry Brasil currently operates nine educational institutions in
the country’s northeastern and northern region: Fanor in Fortaleza,
Ceará; ÁREA1 and Ruy Barbosa, both located in the city of Salvador,
Bahia; Faculdade Boa Viagem (FBV) in Recife, Pernambuco; Unifavip
in the city of Caruaru, Pernambuco; DeVry João Pessoa in João
Pessoa, Paraíba; Facid located in Teresina, Piauí; and DeVry São
Luis, in the city of São Luis, Maranhão. In September, DeVry Brasil
acquired Faculdade Martha Falcão (FMF), in the city of Manaus,
Amazonas. Including FMF, these institutions provide education to
more than 36,000 students across 15 campuses, offering
undergraduate and graduate programs in business, healthcare, law
and engineering. Further, this announcement comes just days after
DeVry Group announced it signed a definitive agreement to acquire
Damásio Educacional, one of the largest providers of test
preparation for the bar exam in Brazil, and offers undergraduate
and graduate programs in law and business.
“We look forward to welcoming Faculdade Ideal to the DeVry Group
family,” said Daniel Hamburger, DeVry Education Group’s president
and CEO. “Faci has a solid academic reputation and is a strategic
fit with DeVry Brasil’s positioning and strengths.”
DeVry Group’s goals for Faci include expanding the institution’s
programs and making further investments in academic quality and
student services. Students and faculty of Faci will benefit from
the exchange of academic best practices with other DeVry Brasil
institutions and significant investments in infrastructure and
technology. As with students from other DeVry Brasil institutions,
Faci students will have the opportunity to develop academic
projects with students from the United States and other countries
where DeVry Group has a presence. Colleagues of Faci will also have
opportunities for professional growth within the institution and
other DeVry Brasil institutions.
Faci is recognized by the Brazilian government as having among
the best General Index of Courses (IGC) in Pará. IGC is an
instrument used by Brazil’s Ministry of Education to evaluate
higher education institutions. IGC rankings are based on a weighted
average of metrics used to rate undergraduate and graduate programs
at each institution.
About DeVry Brasil
DeVry Brasil currently operates nine educational institutions:
Fanor in Fortaleza (CE); ÁREA1 and Ruy Barbosa, both located in the
city of Salvador (BA); Faculdade Boa Viagem (FBV) in Recife (PE),
Unifavip in the city of Caruaru (PE); DeVry João Pessoa in the city
of João Pessoa (PB); DeVry São Luís in São Luís (MA); Facid located
in Teresina (PI); and Faculdade Martha Falcão in Manaus (AM).
Together, these institutions provide services to more than 36,000
students, including the recently acquired Martha Falcão, across 15
campuses and offer more than 170 undergraduate and graduate
programs in the areas of business, healthcare (including medicine),
law, engineering and technology. All DeVry Brasil institutions
operate with high standards of academic quality and a focus on
student satisfaction.
About DeVry Education Group
The purpose of DeVry Education Group is to empower its students
to achieve their educational and career goals. DeVry Education
Group Inc. (NYSE: DV; member S&P MidCap 400 Index) is a global
provider of educational services and the parent organization of
American University of the Caribbean School of Medicine, Becker
Professional Education, Carrington College, Chamberlain College of
Nursing, DeVry Brasil, DeVry University and its Keller Graduate
School of Management, Ross University School of Medicine and Ross
University School of Veterinary Medicine. These institutions offer
a wide array of programs in healthcare, business, technology,
accounting and finance. For more information, please visit
http://www.devryeducationgroup.com.
Certain statements contained in this release concerning DeVry
Group's future performance, including those statements concerning
DeVry Group's expectations or plans, may constitute forward-looking
statements subject to the Safe Harbor Provision of the Private
Securities Litigation Reform Act of 1995. These forward-looking
statements generally can be identified by phrases such as DeVry
Group or its management "believes," "expects," "anticipates,"
"foresees," "forecasts," "estimates" or other words or phrases of
similar import. Actual results may differ materially from those
projected or implied by these forward-looking statements. Potential
risks, uncertainties and other factors that could cause results to
differ are described more fully in Item 1A, "Risk Factors," in
DeVry Group's most recent Annual Report on Form 10-K for the year
ending June 30, 2014 and filed with the Securities and Exchange
Commission on August 27, 2014.
Investor & Media Contact:DeVry Education GroupJoan Walter,
630-353-3800jwalter@devrygroup.com
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