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Dive Brief:
- The U.S. Department of Justice is investigating Walden University, an online for-profit college, over allegations it misrepresented aspects of a nursing program to students and an accreditor, according to an SEC filing.
- Adtalem Global Education, a for-profit college operator seeking to acquire Walden University, notified investors Thursday that the Justice Department is investigating whether school officials falsely advertised the content and cost of its master’s of science in nursing degree to students.
- The company has launched its own investigation into the allegations and is evaluating whether the situation will impact its planned acquisition of Walden.
Dive Insight:
Adtalem announced on Sept. 11 that it planned to buy the Minneapolis-based Walden University from Laureate Education, another for-profit college operator, for $1.5 billion in cash. The online college enrolls more than 50,000 students, three-quarters of whom are in health sciences programs.
Laureate Education told Adtalem on Sept. 16 that the Justice Department and several other government agencies are investigating whether Walden U violated federal law, according to Adtalem’s latest quarterly report.
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