Covington Represents Adtalem in $1.48B Acquisition of Walden University

Covington Represents Adtalem in $1.48B Acquisition of Walden University

September 11, 2020

WASHINGTON—Covington represented Adtalem Global Education Inc., a  workforce solutions provider, in its entry into a definitive agreement to acquire Walden University, an online healthcare education provider, from Laureate Education, Inc. for $1.48 billion.

Adtalem Global Education Inc. is the parent organization of American University of the Caribbean School of Medicine, Association of Certified Anti-Money Laundering Specialists, Becker Professional Education, Chamberlain University, EduPristine, OnCourse Learning, Ross University School of Medicine, and Ross University School of Veterinary Medicine. The combined organization will have 26 campuses across 15 states and four countries, 6,100 dedicated faculty members, and more than 90,000 students with 34% African American enrollees.

Celebrating its 50th anniversary in 2020, Walden University was founded to support working professionals in achieving their academic goals and making a greater impact in their professions and communities. Students from across the U.S. and 120 countries are pursuing a certificate, bachelor’s, master’s or doctoral degree online at Walden. The university offers more than 80 degree programs with over 350 specializations and concentrations. It is accredited by The Higher Learning Commission.

The Covington deal team was led by Catherine Dargan, Amy Wollensack, and Allison Schiffman.