Monday, September 6, 2010

Devry, Inc (DV) 10-K - General Operations

The following information is based upon a read of the Devry, Inc.'s 10-k:

General Business Operations -

Devry, Inc is comprised of various for-profit education institutions including -

Devry University - regionally accredited university which offers undergraduate and graduate degrees in technology, science, business, and the arts, with graduate degrees in business being offered by the school's Keller Graduate School of Management.

Ross University - this university provides medicial and veternary education with the School of Medicine being located in Dominica and the School of Veternary Medicine being located in Saint Kitts.

Chamberlan College of Nursing - with 7 campuses in the US this college offers undergraduate and graduate degrees in nursing.

Carrington Colleges Group - this colleges group prepares students for jobs in healthcare.

Becker Professional Education - this extension of Devry offers preperation classes for the CPA, CFA and PMP exams, as well as continuing education in accounting in finance. Classes are taught at over 300 locations in the US incluing 40 countries.

Advanced Academics - provides online learning solutions for middle school and high school students.

Devry Brasil - includes three colleges and 5 campuses in Brasil whcih offer undergraduate and graduate degrees in business management, law and engineering

Education Mix -

As of the Fall 09 Enrollment Period approximately 51% of the company's enrollment came from Bachelors Degree programs by far the largest segement of enrollment for the company. However, since 2007 enrollment in associates and certificate programs have increased from 10.5% to 27%, indicating a shift in strategy for DeVry, Inc, which has enhanced its focus on those individuals looking more for a practical short-term educational experience to become workforce ready.

This shift can also be seen in type of programs which individuals are enrolling in, with 29% of the students enrolling in medicine and health related programs up from 12% in 2007. 27% enroll in technology and 43% enroll in business programs, still the company's largest segmant.

To be continued...........