"First, a quick note on the DeVry University transaction, the results are now presented as discontinued operations. The historical reclassification of our results with this change was filed as an 8-K last week and is also reflected in my comments today. Our agreement with Cogswell Education is subject to certain terms and conditions to be met during the transition process, including regulatory and creditor approval. The transaction is expected to close in early fiscal year 2019."
"We were pleased to see a very nice narrowing of the gap with DVU undergraduate enrollments being down 3.5% and just getting very good traction with the changes that we have made to the marketing model there as well as new program rollouts and continued success with DeVry works and those will certainly position DVU well for its new owner."
"We are working really well with Cogswell Education as it relates to what do they need. Of course, we have lots of devil is in the detail in terms of lack of contracts in shared services and we have started really quite a bit ago prior to this deal signing to really think about that and how would that look just as a matter of best practice across our portfolio and so we are feeling very good on that side as it relates to IT, HR all of those things that need to happen. And again, on the closing conditions and the closing terms, as you can imagine, we have really stress tested those prior to the signing in December, because we want this to be successful."
"First, we reclassified DVU as a discontinued operation there obviously not a restatement of our numbers. DVU in ‘17 did contribute more to overall at Adtalem obviously as a result of its declining top line. And while we do recover expenses for it, so that you will see a bit of a lower amount of contribution this year relative to the prior year and part of that is also influenced by the amount of corporate overhead it absorbs in the discontinued operations versus when it was part of the continuing operations."
"And as we move forward on the second half of this year, we want to position the organization to minimize to the extent we can, the laws of scale from DVU."