DeVry F4Q09 (Qtr End 6/30/09) Earnings Call Transcript

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2009-08-13 17:37:21.0

Tags: America, Call Transcript, Earnings, Fanor, Financial Accounting, Finance, Seeking Alpha, DeVRY Inc.

Question-and-Answer Session

Joan Bates

Wonderful. Jeremy if you could give the callers instructions we'll get that started.

Operator

Joan, I would love to. (Operator's Instructions) And your first question will be from the line of Sara Gubins of Banc of America. You may proceed.

Sara Gubins - Banc of America

Hi, thanks, good afternoon. I wanted to ask about the growth at Chamberlain which has been phenomenal over the last year, and I'm wondering if you would expect to continue to grow at such a rapid pace, or if we would expect that to slow down a lot given the size that you’ve now reached already?

Daniel M. Hamburger

Well thanks, Sara, and clearly as you get larger — large numbers yeah, as a percentage I would expect that over time it's going to come down, but we'll continue to grow because we have to. We have to do our part to contribute to solving the nursing shortage, as I say in this country, but really around the world. Fanor has got a nursing program too and we look forward to growing that as well.

I mean we're growing our pre-licensure programs and this is important because there are some others who have bachelors degree completion programs like we do, but for those who have an RN, but don't have a bachelors degree, and that’s an online program for us which is a distinction. But we also have one of the largest pre licensure programs. So that's where you as a student are going from scratch to getting your RN licensure, mainly at the bachelor's level. Most of our programs are BSN, we do have one ASN program.

So we are growing that pre-licensure program mainly by adding new locations and I talked a little bit about that in my comments so that continues. Growth in that degree completion program at the bachelor's level continues. And then we're pleased that we've rolled out a master's degree program, an MSN, masters in nursing with two tracks, one for nurse administrators and one for nurse educators.

So we see continued growth across those dimensions, other programs that we can rule out, geographic locations, and then continued online growth.

Sara Gubins - Banc of America

So is there anything that — I mean this year you added almost 1,900 students to the total based on a year-over-year basis, is there anything to suggest that that would slow down next year just in terms of that affluent number?

 

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