CHARLES Town — American Public Training Inc., the father or mother firm of American General public University Method, announced just lately that it has accomplished the acquisition of Rasmussen College.
“We, at APEI, are fired up to now serve the about 18,000 college students at Rasmussen University, who are satisfying their purpose,” CFA, SVP, Main Method and Corporate Enhancement Officer Steve Somers mentioned. “This consists of the approximately 8,500 Rasmussen nursing learners who are developing occupations in health treatment and addressing the nation’s critical need to have for new nursing professionals. The extra of Rasmussen College along with APEI’s Hondros University of Nursing implies that APEI is now collectively the No. 1 supplier of pre-licensure nursing education, with almost 11,000 nursing college students.
“Opportunity to reason one’s function and a concentrate on pupil results is at the main of APEI’s mission, and this acquisition furthers that mission. Giving affordable and related larger education is a leading precedence, whether which is in cursing, cybersecurity, STEM or small business, and we are intently concentrated on profession education and degrees that present pathways to work and job advancement.”
Rasmussen is a nursing and overall health care-centered establishment, with both equally an in-person and digital existence. According to a push launch from APEI, on a trailing 12-month foundation, as of June 30, 2021, nursing represented $200 million of earnings and virtually a third of APEI’s overall profits. Rasmussen added much more than 8,000 more college students to the 2,300 previously served by Hondros.
The acquisition virtually doubles APEI’s earnings to about $600 million and angles to university student population to be approximately a single-3rd military services and veteran pupils, one-3rd nursing students and a single-3rd on the web grownup learners for far more than 110,000 overall students.
Giving options to nursing pupils when there is this sort of a critical have to have for expert staff in the subject is a excellent step for APEI.
“At a time when there is a essential ongoing nursing scarcity, we are fully commited to supporting learners who aspire to turn into nurses,” Somers claimed. “The Bureau of Labor Stats suggests that there will be 175,000 nursing job vacancies on a yearly basis in every of the upcoming many several years, and we are excited by the function that APEI will engage in in fulfilling that vital societal have to have.
“Our newly combined corporation now has 30 campuses in eight states, supplying APEI that premier nursing campus footprint in the country. We are predominately centered on making new nurses by way of our pre-licensure applications that lead to students being in a position to sit for the NCLEX licensing tests.”
Rasmussen will continue on to run as a individually accredited establishment, led by Tom Slagle, who has been the CEO due to the fact 2010 and pushed the university’s aim on nursing and growth around the last 11 years. The institution is 120 decades old, supplying a mix of on the internet courses with on-campus labs and clinical experiences.
All APEI establishments take satisfaction in serving nontraditional students who juggle particular and skilled obligations, together with many very first-generation higher education students.