other material
confidence high
sentiment positive
materiality 0.65
Adtalem counters Safkhet Capital short report, refutes claims on enrollment, graduation rates, and financials
Covista Inc.
- Total enterprise enrollment up 6% YoY as of Dec 31, 2023; Chamberlain up 7%, Walden up 8%.
- Chamberlain four-year graduation rate for all full-time students is 77% vs. national average of 49%.
- Walden acquisition goodwill tested in May 2023; no impairment identified.
- Company expects all degree programs to pass Department of Education gainful employment rule.
- Calls Safkhet report a 'short and distort' scheme; denies material risk from borrower defense or 90/10 rule.