Education company, DeVry Inc. (DV) recently announced that it has entered into an agreement to acquire Faculdade Martha Falcão (FMF), a Brazilian educational institution. The acquisition is likely to be closed in the second quarter of fiscal 2015 and will strengthen DeVry‘s presence in Northern Brazil.
Located in the city of Manaus in the state of Amazonas, FMF primarily offers graduate and undergraduate courses to about 3,500 students. The educational institute offers career oriented programs in business, accounting, law, information technology and engineering.
Post-acquisition, DeVry will invest in expanding the programs and improving the academic quality of FMF. The Brazilian institution, on the other hand, will benefit from the sharing of DeVry’s best practices, infrastructure and technology upgrades, access to virtual libraries and research databases, subsidized English-language programs and exchange programs.
As far as DeVry is concerned, the acquisition will strengthen its presence in northern regions of Brazil where the company already offers courses to more than 33,000 students on 12 campuses.
DeVry Brazil operates through seven educational institutions in the northeastern regions of Brazil, which include Fanor in Fortaleza, Ceará; ÁREA1 and Ruy Barbosa, both in the city of Salvador, Bahia; Faculdade Boa Viagem (FBV) in Recife, Pernambuco; UniFavip in the city of Caruaru, Pernambuco; DeVry João Pessoa in Paraíba State and Facid located in Teresina, Piauí. These institutions offer undergraduate and graduate courses in business, healthcare, law and engineering.
There is an increasing demand for career oriented courses due to improving prospects for skilled labor.
DeVry carries a Zacks Rank #3 (Hold).
Stocks in the education industry that are currently performing well include GP Strategies Corp. (GPX), Grand Canyon Education, Inc. (LOPE) and Apollo Education Group, Inc. (APOL). GP Strategies sports a Zacks Rank #1 (Strong Buy) while Grand Canyon Education and Apollo Education both carry a Zacks Rank #2 (Buy).
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