DeVry to Purchase Caribbean Medical School - Higher Education
Higher Education News and Jobs

DeVry to Purchase Caribbean Medical School

by Black Issues

DeVry to Purchase Caribbean Medical School
By Ronald Roach


Business and technology education provider DeVry Inc. has announced that it will buy Ross University for $310 million in cash, in a bid to enter the medicine and health sciences education market. Ross, based in Dominica and St. Kitts-Nevis in the Caribbean, has more than 2,500 medicine and veterinary students, the company said.

Students of Ross University are almost all citizens or permanent residents of the United States and are eligible for financial assistance under Title IV of the Higher Education Act. Ross’ curricula follow the models used in U.S. medical and veterinary schools

“We are very excited about the opportunities that this key acquisition presents for DeVry. The acquisition of Ross University gives the company entry into an attractive and growing sector of the higher education market —medicine and health sciences,” says Dennis J. Keller, DeVry Inc. chairman and co-chief executive officer.

The university currently employs 90 permanent faculty members, recruited primarily from U.S. medical and veterinary schools. Ross graduates include over 4,500 practicing physicians and veterinarians in the United States.

For the year ending Dec. 31, 2002, Ross had revenues of $62 million. DeVry officials said the acquisition will add to its earnings immediately and have a positive impact on operating margins and cash flow.

© Copyright 2005 by

Report: Minimal Growth of American Indians and Alaska Natives in Medicine Though there have been substantial efforts in increasing the racial and ethnic diversity in medicine, there has been minimal growth in people who identify as American Indian-Alaska Native and apply and enroll in medical school in the U.S., according ...
Professor Creates Network for Women of Color in Department Chair Roles Leading, fixing and communicating all come with the demanding job of an academic department chair. But throw in the stereotypes and the nuances that often come with being a woman of color in that position, then the job can become a little more cha...
Bob Jones University to Cut 50 Jobs After Overshooting Budget South Carolina’s Bob Jones University (BJU) announced in a statement that it’s cutting its staff by 50 people after it came up $4.5 million short in its budget. BJU, a Christian university located in Greenville said the overshoot comes from “incre...
The Future of Science is Women: Here’s How Institutions Can Support Them How interesting that for centuries, women, people of color, immigrants, children, and other marginalized populations were either considered property of men, dehumanized, or both. Yet it was during the 19th century Progressive Era that women emerge...
Semantic Tags:

Leave a Reply

Your email address will not be published. Required fields are marked *