Covista Inc.

Covista Reports First Quarter Fiscal Year 2027 Results; Raises Fiscal Year 2027 Revenue and Adjusted EPS Guidance

Covista reported Q1 FY27 revenue of $511.5 million, up 10.7% YoY, with diluted EPS of $1.95 and adjusted EPS of $2.19, up 25.1% YoY. Total enrollment grew 7.6% to 104,713 students, marking a 13th straight quarter of growth, while adjusted EBITDA rose 17.1% to $131.2 million with a 25.6% margin. The company raised FY27 guidance to revenue of $2,060M-$2,095M and adjusted EPS of $9.00-$9.20, repurchased $84 million of shares, and repriced its $510M Term Loan B to SOFR plus 2.00% with net leverage at 0.5x. CFO Robert Phelan announced a planned retirement and will remain until a successor is named; an active search is underway.

•10d ago

Covista Recognized by TIME and Newsweek for Growth, Workplace Culture and Sustainability

Covista (formerly Adtalem Global Education) was recognized in four TIME and Newsweek rankings covering growth, workplace culture and sustainability, including a #46 spot among 500 companies on TIME's America's Growth Leaders 2027. The company describes itself as America's largest healthcare educator, serving 100,000 students through five accredited institutions including Chamberlain University and Walden University. The release is reputational PR with no new financial data, but the strong growth-leaders ranking is a modest positive signal on financial stability and stock performance.

•12d ago

Chamberlain University Opens First Utah Campus and 26th Location Nationwide, Expanding Nursing Education in the State with the Fewest Nurses per Capita

Covista's Chamberlain University opened its first Utah campus in Salt Lake City — its 26th nationwide — welcoming its first BSN cohort on Oct. 26. The campus is built for up to 400 students with a three-year BSN path, evening/weekend classes, and AI credentials via a Google Cloud collaboration, targeting Utah's nurse shortage (7 nurses per 1,000 residents, the lowest ratio in the U.S.). Covista and its Foundation also committed $100,000 over two years to Intermountain Health for paid healthcare training pathways. The announcement is a modest brand/growth signal with no disclosed financial impact.

•17d ago

Students at Covista Medical Schools Match or Exceed U.S. MD Peers on USMLE Step 1 First-Time Pass Rates Across MCAT Ranges

Covista released an analysis showing students at its RUSM and AUC medical schools pass USMLE Step 1 on the first attempt at rates comparable to or higher than U.S. MD students with matching MCAT scores, with the widest advantage in lower and middle MCAT bands. The company frames the data as evidence its support-heavy curricula drive outcomes, supporting its enrollment model of admitting students across a wider MCAT range. Supporting datapoints include 96% first-time residency attainment at RUSM and over 98% at AUC for 2025-26 graduates. No financial metrics were disclosed; the release is broadly supportive of enrollment demand but lacks near-term catalysts.

•27d ago

Chamberlain University to Open Nashville Campus; Now Accepting Applications for January 2027 Cohort

Chamberlain University, a Covista (NYSE: CVSA) institution, will open its first Tennessee campus in Nashville — its 27th location nationwide — with applications opening September 9, 2026 and pre-licensure BSN classes beginning January 4, 2027. The expansion targets a widening local workforce gap: Tennessee had more than three open healthcare jobs last year for every person looking for one, and Nashville has 16 open healthcare positions for every new healthcare graduate. Students will train in an on-campus SIMCARE CENTER, complete clinicals with local health system partners, and can earn AI certificates built for nursing in partnership with Google Cloud on a three-year BSN path with rolling admission up to six times a year. The campus advances Covista's Purpose at Scale strategy — Chamberlain serves roughly 40,000 students and parent Covista 100,000 students across five accredited institutions — though no financial contribution or enrollment target for the new campus was quantified.

•1mo ago

Chamberlain University Opens 25th Campus Nationwide, Bringing New Nursing Talent Pipeline to Cincinnati

Chamberlain University, a Covista institution, opened its 25th campus in Cincinnati, with the first student cohort starting classes on Aug. 31. The launch includes a $150,000 partnership with The Health Collaborative to expand local youth healthcare pathways and the awarding of a full-ride Future Healthcare Hero BSN Scholarship. The expansion targets a regional workforce shortage where there are currently six open healthcare jobs for every graduate.

•2mo ago

Covista Announces Fiscal Year 2026 Results, Exceeds Financial Guidance; Initiates Fiscal Year 2027 Guidance

Covista delivered fiscal year 2026 revenue of $1.95 billion, up 9.3% year-over-year, with adjusted EPS of $8.25 growing 23.7% and exceeding prior financial guidance. Operational momentum remained strong with total student enrollment growing 8.4% in the quarter to 99,472, marking the 12th straight quarter of growth, while adjusted EBITDA expanded 13.5% to $521.7 million. The company returned significant capital to shareholders, repurchasing $238 million of stock and repaying $50 million in debt, while initiating fiscal 2027 guidance for revenue of $2.05 billion to $2.09 billion and adjusted EPS of $8.90 to $9.15.

•3mo ago

Covista Expands and Strengthens Leadership Bench to Accelerate Purpose at Scale

Covista promoted Scott Liles to Chief Strategy and Performance Officer, expanding his remit to lead corporate strategy and a new Performance Acceleration Office while continuing as President of the Medical and Veterinary segment. Rick Sinkfield was appointed Vice President of Expansion, effective August 10, bringing over two decades of experience from Educational Testing Service and Laureate Education to oversee campus growth and platform extension. The leadership changes aim to bolster the company's three-year 'Purpose at Scale' strategy, which focuses on operational excellence, employer integration, and technology focus across its portfolio of institutions.

•3mo ago

Covista Names Emily C. Chiu and Leslie Storms to its Board of Directors

Covista appointed Emily C. Chiu and Leslie Storms to its Board of Directors, effective August 17, 2026, bringing deep expertise in technology, fintech, and healthcare delivery. With these additions, 10 of Covista's 12 directors are independent, a move designed to strengthen oversight of the company's 'Purpose at Scale' growth strategy. Ms. Chiu brings operational experience from Block and Novo Platform, while Ms. Storms contributes leadership background from Johnson & Johnson and National Veterinary Associates.

•3mo ago

Chamberlain University to Open Salt Lake City Campus; Now Accepting Applications for Fall 2026

Covista subsidiary Chamberlain University announced the opening of its 26th campus in Salt Lake City, with applications now open for Fall 2026 classes. The expansion targets Utah's acute nursing shortage, where the state has the lowest nurse-to-resident ratio in the nation. This move supports Covista's 'Purpose at Scale' strategy to expand access to healthcare education across its network of over 100,000 students.

•3mo ago

Covista Earns Five National Honors Recognizing its Workplace Culture, Career Growth Opportunities and Commitment to Responsible Business

Covista (formerly Adtalem Global Education) announced it received five national awards recognizing its workplace culture and corporate responsibility, including honors from TIME, Forbes, Newsweek and U.S. News & World Report. The accolades include TIME's World's Best Companies 2025 and Forbes' America's Dream Employers 2026, based on employee satisfaction surveys and ESG metrics. The company highlighted its Covista Open Doors initiative, pledging $10 million and 50,000 volunteer hours over five years to support the healthcare workforce, while serving 100,000 students across five accredited institutions.

•3mo ago

Covista and the Covista Foundation Commit $10 Million and 50,000 Volunteer Hours to Build and Sustain the Healthcare Workforce

Covista and the Covista Foundation launched 'Covista Open Doors,' a five-year commitment investing $10 million and 50,000 volunteer hours to address the healthcare workforce shortage. The initiative focuses on three pillars: inspiring future professionals via partnerships with NAF, removing student barriers through a new emergency grant fund, and supporting clinician mental health. Additionally, the Covista Foundation expanded its Board of Directors, appointing Chief Corporate Affairs Officer Megan Noel as Chair and adding four new members to accelerate impact.

•3mo ago

Covista and Advocate Health Launch Strategic Nursing Collaboration to Strengthen Workforce Readiness and Expand Patient Access

Covista and Advocate Health announced a strategic collaboration to expand nursing education and build a direct pipeline of practice-ready nurses. The program, delivered through Covista’s Chamberlain University, offers scholarships, clinical immersion, and loan repayment support to create a clear path from education to employment. Recruiting begins next month for classes starting in September, aiming to serve hundreds of students annually and address the widening healthcare workforce gap.

•4mo ago

Covista Third Quarter Fiscal Year 2026 Results; Raises Fiscal Year 2026 Revenue and Adjusted Earnings Per Share Guidance

Covista reported Q3 revenue of $487.0 million, up 4.5% year-over-year, and raised its full-year guidance for both revenue and adjusted EPS. Total enrollment surpassed 100,000 students, increasing 6.8% YoY, with Chamberlain University returning to positive growth and Walden University hitting record enrollment. The company repurchased $66 million of shares in the quarter and refinanced debt into a $510 million Term Loan B due in 2033.

•6mo ago

Covista Medical Schools Achieve 97% Combined First-Time Residency Attainment Rate 

Covista reported a combined 97% first-time residency attainment rate for its 2025-2026 graduating class across AUC and RUSM, with graduates entering 26 specialties across 42 states. The strong placement data underscores the quality of the company's medical education programs and their role in addressing the U.S. physician shortage. Covista serves over 97,000 students through five accredited institutions, supported by a network of 385,000 alumni.

•6mo ago