Adtalem World Training responded to claims in a report launched on January 30 from Safkhet Capital. “The report accommodates quite a few factual errors, demonstrates a poor understanding of our business in addition to rudimentary transaction accounting, and is a reckless try to defame the nation’s largest healthcare educator,” mentioned Adtalem President and CEO Steve Beard. “Safkhet Capital’s incapacity to precisely state even probably the most primary information undermines the credibility of the report and its purported premise. By means of instance, the chairperson of Adtalem’s Board of Administrators is Michael Malafronte (2022 – current), not former Chairperson Lisa Wardell, a truth plainly seen on Adtalem’s web site. Moreover, inaccurate figures are referenced for enrollment and commencement charges when correct knowledge is freely out there from publicly accessible, U.S. authorities sources in addition to from Adtalem’s personal disclosures. The Safkhet Capital report additionally said, “for-profits produce disastrously substandard outcomes with most college students unable to graduate, and even those that do face excessive ranges of underemployment and better ranges of indebtedness.” We have no idea the place Safkhet Capital discovered knowledge to help these assertions and, because it pertains to Adtalem, these claims are categorically false. Adtalem is proud to provide extra nursing and Physician of Veterinary Drugs (DVM) graduates than any establishment within the U.S., award extra medical and analysis doctoral levels to African People than some other U.S. establishment, and to have achieved 98% first-time residency attainment for graduates of our medical colleges final 12 months. Errors and gross misrepresentations of the character described above are too quite a few within the Safkhet Capital report back to warrant an entire recounting, however they illustrate the flimsiness of the analysis. As for lots of the claims made by Safkhet Capital – they’re deceptive, incomplete, and factually inaccurate. Due to Adtalem’s systemically vital function in delivering practice-ready clinicians to the U.S. healthcare system, we really feel compelled to right a number of the extra egregious errors within the repor… Whereas presenting itself as an advocacy effort in service of pupil debtors and taxpayers, the truth is, the Safkhet Capital report quantities to nothing greater than a thinly veiled and deceptively constructed “brief and warp” scheme designed to extract a fast return on the expense of Adtalem’s college students, school, staff and shareholders.”
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