) recently completed its previously announced acquisition of a
privately-held Brazilian healthcare education company, Faculdade
Differential Integral (Facid).
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Located in the state of Piaui, Facid operates two campuses in the
city of Teresina. The company primarily offers healthcare courses
to about 2,500 students, including a Doctor of Medicine (M.D.)
program. It also offers undergraduate degrees in other fields
such as nursing, pharmacy and dentistry and a law program.
The acquisition will strengthen DeVry's presence in Brazil where
the company already offers courses to more than 30,000 students.
DeVry has made other acquisitions in Brazil in the past including
Faculdade do Vale do Ipojuca in Sep 2012 and Faculdade Boa Viagem
(FBV) in Feb 2012.
Facid will join 6 other institutions operating under DeVry
Brazil. The acquisition will allow Facid to share academic
best practices with other DeVry medical and healthcare
There is an increasing demand for medical courses due to
improving prospect for doctors and veterinarians. DeVry's other
medical institutions like Chamberlain College of Nursing and
Carrington Colleges are currently doing well. Enrollment growth
at these colleges is improving due to higher quality enquiries
and conversion rates, resulting from improved recruitment efforts
and new branding initiatives by DeVry.
DeVry carries a Zacks Rank #3 (Hold).
Stocks in the education industry that are currently performing
well and have a bright outlook include
Grand Canyon Education, Inc.
New Oriental Education & Technology Group
). ATA carries a Zacks Rank #1 (Strong Buy). Grand Canyon
Education and New Oriental Education & Technology Group both
carry a Zacks Rank #2 (Buy).