The company that owns one of the nation's largest for-profit college chains is changing its name. DeVry Education Group, which owns DeVry University, announced it will now be called Adtalem Global Education. Company CEO Lisa Wardell said the new name makes clear their purpose to empower students and their status as a global education provider. The company says Adtalem comes from a Latin translation of the phrase to empower.
Based in Downers Grove, Illinois, the company has expanded overseas recently while facing struggles in the United States. The DeVry University chain has closed 39 campuses since 2014 amid sliding revenue.
The company owns several other institutions, including the Chamberlain College of Nursing and Carrington College chains. A company spokesman says only the parent group is changing its name.
