-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, PX1x9iwfn1o83lfrlJsz/OGv/CNRSPo/0r2aa5oh78eybfRI4FZmXuBN5M7FvdM4 Ftm/ukRSLYPU+NrSDYwCbg== 0001157523-05-002898.txt : 20050330 0001157523-05-002898.hdr.sgml : 20050330 20050330091425 ACCESSION NUMBER: 0001157523-05-002898 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20050324 ITEM INFORMATION: Entry into a Material Definitive Agreement ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20050330 DATE AS OF CHANGE: 20050330 FILER: COMPANY DATA: COMPANY CONFORMED NAME: DEVRY INC CENTRAL INDEX KEY: 0000730464 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-EDUCATIONAL SERVICES [8200] IRS NUMBER: 363150143 STATE OF INCORPORATION: DE FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-13988 FILM NUMBER: 05711651 BUSINESS ADDRESS: STREET 1: ONE TOWER LN STREET 2: SUITE 1000 CITY: OAKBROOK TERRACE STATE: IL ZIP: 60181 BUSINESS PHONE: 6305717700 MAIL ADDRESS: STREET 1: ONE TOWER LANE CITY: OAKBROOK STATE: IL ZIP: 60181 8-K 1 a4850635.txt DEVRY INC. UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported) March 24, 2005 -------------- DeVRY INC. - -------------------------------------------------------------------------------- (Exact name of registrant as specified in its charter) DELAWARE 1-13988 36-3150143 - -------------------------------------------------------------------------------- (State or other jurisdiction (Commission (IRS Employer of incorporation) File Number) Identification No.) ONE TOWER LANE, OAKBROOK TERRACE, IL 60181 - -------------------------------------------------------------------------------- (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code (630)571-7700 ------------- Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2 below): [_] Written communications pursuant to Rule 425 under Securities Act (17 CFR 230.425) [_] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) [_] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2 (b)) [_] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) -1- DEVRY INC. FORM 8-K INDEX Page No. Item 1.01 - Entry into a Material Definitive Agreement 3 Item 9.01 - Financial Statements and Exhibits 3 Signatures 3 Exhibit Index 4 -2- Item 1.01 - Entry into a Material Definitive Agreement On March 24, 2005, the Company completed the previously announced acquisition of Deaconess College of Nursing for approximately $5.3 million in cash, subject to purchase price adjustments. Item 9.01 - Financial Statements and Exhibits (c) - Exhibits Exhibit Number Description - ------- ----------- 99.1 Press release relating to the completion of the acquisition of Deaconess College of Nursing dated March 24, 2005. Signatures Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. DEVRY INC. (REGISTRANT) Date: March 24, 2005 /s/Ronald L. Taylor ------------------------------ Ronald L. Taylor Chief Executive Officer Date: March 24, 2005 /s/Norman M. Levine ------------------------------ Norman M. Levine Senior Vice President and Chief Financial Officer -3- EXHIBIT INDEX Exhibit Sequentially Number Description Numbered Page - ------------------------------------------------------------------------------- 99.1 Press release relating to the completion of the acquisition of Deaconess College of Nursing dated March 24, 2005. 5 -4- EX-99.1 2 a4850635ex991.txt EXHIBIT 99.1 Exhibit 99.1 DeVry Inc. Completes Acquisition of Deaconess College of Nursing Business Editors/Health/Medical Writers/Education Editors OAKBROOK TERRACE, Ill.--(BUSINESS WIRE)--March 24, 2005--DeVry Inc. announced today it has completed the acquisition of Deaconess College of Nursing for approximately $5.3 million in cash. Deaconess offers associate and bachelor's degree programs in nursing and a bachelor's degree completion program designed for registered nurses who have previously completed an associate degree program. Located in St. Louis, Missouri, the school currently enrolls approximately 450 students. Integral to DeVry's decision to acquire Deaconess are industry factors, such as the U.S. Department of Health and Human Services' statistics that the shortage of nurses reached 100,000 in 2000. In addition, the strong demand for qualified nurses is expected to continue and to outpace supply through 2020. "Deaconess provides a strategic and well-timed entry into the high demand field of nursing education and broadens our presence in the health care field," said Ronald L. Taylor, DeVry's chief executive officer. "We are excited to have Deaconess join the DeVry organization and look forward to providing access to high quality nursing education in markets outside of the St. Louis area." Deaconess College of Nursing is accredited by the Higher Learning Commission of the North Central Association, the National League for Nursing Accrediting Commission and the Commission on Collegiate Nursing Education. For more information about Deaconess College of Nursing, visit its web site at www.deaconess.edu. DeVry Inc. (NYSE:DV) is the holding company for DeVry University, Ross University, Deaconess College of Nursing and Becker Professional Review. DeVry University, which includes Keller Graduate School of Management, offers associate, bachelor's and master's degree programs in technology, business and management. Ross University, through its schools of Medicine and Veterinary Medicine, offers both doctor of medicine and doctor of veterinary medicine degrees. Deaconess College of Nursing offers associate and bachelor's degree programs in nursing. Becker Professional Review, which includes Stalla CFA Review, provides preparatory coursework for the certified public accountant, certified management accountant and chartered financial analyst exams. DeVry Inc. is based in Oakbrook Terrace, Ill. For more information about the company, visit http://www.devry.com. CONTACT: DeVry Inc. Joan Bates (Investor Contact), 630-574-1949 or Dresner Corporate Services Kyra Kyles (Media Contact), 312-780-7208 -----END PRIVACY-ENHANCED MESSAGE-----