Adtalem Global Education Inc.
For the period ended Sep 30, 2025. Filed Oct 30, 2025.
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Sep 30, 2025 · Filed Oct 30, 2025
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Discontinued Operations
- Discontinued Operations
On December 11, 2018, Adtalem sold DeVry University to Cogswell Education, LLC (“Cogswell”) for de minimis consideration. The purchase agreement includes an earn-out entitling Adtalem to payments of up to $20.0 million over aten-year period payable based on DeVry University’s financial results. To date, we have received a total of $19.5 million related to the earn-out.
We had income from discontinued operations of $0.8 million in the three months ended September 30, 2025 and loss from discontinued operations of $0.1 million in the three months ended September 30, 2024. We continue to incur costs associated with ongoing litigation and settlements related to divestitures, which are classified as expenses within discontinued operations.
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