Adtalem's RUSM Partners With CSUDH, Boosts Physician Diversity
Zacks Investment Research | Sep 10, 2019 11:10PM ET
Adtalem Global Education Inc.’s (NYSE:ATGE) health care institution, Ross University School of Medicine (“RUSM”), has partnered with California State University, Dominguez Hills (“CSUDH”), to enable Hispanic students attend medical school. Notably, this will also increase the Hispanic-American doctors in the United States.
Per the terms of the agreement, the partnership will also provide an educational pathway program for CSUDH’s graduates to study medicine at RUSM. Eligible graduates will receive a scholarship for the first semester covering full tuition in the RUSM campus in Barbados.
Adtalem’s Endeavors to Address Diversity in Medicine
RUSM — one of the medical and veterinary schools of Adtalem — has a diverse student population, of which, more than one-fourth of the total students are Hispanic. Of the total U.S. physicians, Hispanic Americans account for only 5%.
RUSM remains well positioned to address the paucity of Hispanic and Latinx physicians, and the significant roles they play in the healthcare industry. Notably, due to the changing demographics in the overall healthcare in United States and the underrepresentation of culturally different people in healthcare, RUSM has partnered with Hispanic Serving Institution and Historically Black Colleges and Universities through novel student engagements, support programs and senior-level commitments. This will help increase the diversity of the nation’s physicians.
Notably, in the fiscal fourth quarter, revenues at the Medical and Healthcare segment grew 5.2 % year over year. This uptick was driven by a 6.9% and a 3% increase in revenues at Chamberlain and Medical and Veterinary schools, respectively.
Price Performance
In a year’s time, shares of Adtalem have declined 8.3% against its Zacks Investment Research
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