Home News Walden U gears up for ‘competitive’ US market – Education Dive

Walden U gears up for ‘competitive’ US market – Education Dive

25
0

Dive Brief:

  • Laureate Education’s Walden University is planning for modest enrollment growth after adjusting its operations to compete in a “mature and competitive” U.S. market, CEO Eilif Serck-Hanssen told analysts during a call Thursday to discuss its second-quarter earnings.
  • During the quarter, Laureate used nearly $1 billion from its sale of institutions in Spain, Portugal and India to reduce its debt to its lowest level in a decade. The company is expanding in Latin America and online, with strong growth in distance learning in Brazil during the period.
  • Serck-Hanssen also said the company will repurchase up to $150 million in Class A common stock to help raise its trading value.

View Original Source

tags:

LEAVE YOUR COMMENT

Your email address will not be published. Required fields are marked *