DOWNERS GROVE, Ill.--(BUSINESS WIRE)--DeVry Education Group (NYSE:DV), a global provider of educational services, today announced that DeVry Brasil has entered into an agreement to acquire Faculdade Martha Falcão (FMF). Located in the city of Manaus in the state of Amazonas in northern Brazil, FMF currently serves approximately 3,500 students and offers undergraduate and graduate programs in high-demand career fields such as business, accounting, law, information technology and engineering. The transaction is expected to be completed in the second quarter of fiscal 2015.
DeVry Brasil currently operates seven educational institutions in the country’s northeastern region: Fanor in Fortaleza, Ceará; ÁREA1 and Ruy Barbosa, both located 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 provide services to more than 33,000 students on 12 campuses and offer undergraduate and graduate programs focused on business, healthcare, law and engineering.
“We look forward to welcoming Faculdade Martha Falcão to the DeVry Group family,” said Daniel Hamburger, president and CEO, DeVry Education Group. “This acquisition represents an evolution of our strategy in Brazil, expanding our footprint beyond the northeast region of the country as we contribute to the education of well-qualified graduates in this growing job market.”
DeVry Group’s goals for FMF include expanding the institution’s programs and making further investments in academic quality to prepare students to achieve their educational and career goals. Students and faculty of FMF will benefit from the exchange of academic best practices with other DeVry Brasil institutions, significant investments in infrastructure and technology, access to virtual libraries and research databases, subsidized English-language courses and exchange programs, and the ability to collaborate with other members of the large community of faculty and students at DeVry Brasil institutions. For example, students will have the opportunity to develop academic projects with students from the United States and other countries where DeVry Group has a presence. Colleagues of FMF will also have opportunities for professional growth within the institution and other DeVry Brasil institutions.
FMF is recognized by the Brazilian government as having the best IGC in the state. IGC, or General Index of Courses, is an instrument used by Brazil’s Ministry of Education to evaluate higher-education institutions. IGC rankings are based on a weighted average of metrics used to rate undergraduate and graduate programs at each institution.
About DeVry Education Group
The purpose of DeVry Education Group is to empower its students to achieve their educational and career goals. DeVry Education Group Inc. (NYSE: DV; member S&P MidCap 400 Index) is a global provider of educational services and the parent organization of American University of the Caribbean School of Medicine, Becker Professional Education, Carrington College, Chamberlain College of Nursing, DeVry Brasil, DeVry University, Ross University School of Medicine and Ross University School of Veterinary Medicine. These institutions offer a wide array of programs in business, healthcare, technology, accounting and finance. For more information, please visit http://www.devryeducationgroup.com.