In an attempt to bolster its presence in the fast growing
region of Brazil,
) recently announced its intention to buy a privately held
Brazilian healthcare education company, Faculdade Differential
Integral (Facid), for an undisclosed amount.
Facid, which operates through its two campuses in the city of
Teresina, offers primarily healthcare degrees including a Doctor
of Medicine (M.D.) program. It also offers undergraduate degrees
in other healthcare fields such as nursing, pharmacy and
dentistry, as well as a law program. Facid currently serves
approximately 2,500 students. The transaction is expected to be
closed in early July this year.
Healthcare has, of late, become a highly sought-after field of
education. DeVry's other medical institutions like Chamberlain
College of Nursing and Carrington Colleges are currently doing
well gaining from higher demand for medical doctors and
veterinarians. Enrollment growth at these colleges is also
improving due to higher quality enquiries and conversion rates,
resulting from improved recruitment efforts and new branding
initiatives by DeVry.
DeVry has made other acquisitions in Brazil in the past
including Faculdade Boa Viagem (FBV) in Feb 2012 and Faculdade do
Vale do Ipojuca in Sep 2012. Facid will be a part of DeVry Brasil
which also includes FBV and Faculdade. DeVry Brasil, which
operates through five institutions at nine campuses in northeast
Brazil, is growing fast recording a top-line growth of 60% in the
third quarter and 69% in the second quarter of fiscal 2013.
DeVry carries a Zacks Rank #3 (Hold). Other stocks in the
education industry that are currently performing well and have a
bright outlook include
Xueda Education Group
Grand Canyon Education, Inc.
New Oriental Education & Technology Group
) all carrying a Zacks Rank #2 (Buy).
CHINAEDU CP-ADR (CEDU): Free Stock Analysis
DEVRY INC (DV): Free Stock Analysis Report
NEW ORIENTAL ED (EDU): Free Stock Analysis
GRAND CANYON ED (LOPE): Free Stock Analysis
To read this article on Zacks.com click here.