
Ross University School of Medicine is owned by Adtalem Global Education, Inc. (NYSE: ATGE), a publicly traded healthcare education company headquartered in Chicago, Illinois. Adtalem (then DeVry Education Group) acquired Ross University in 2011. The school was founded in 1978 by Robert Ross in Roseau, Dominica, and relocated to Bridgetown, Barbados in 2019 after Hurricane Maria destroyed its Dominica campus in 2017. Approximately 5,000 medical and veterinary students are enrolled across Adtalem's institutions.
Parent Company
Covista (formerly Adtalem Global Education)
Acquired
2011
Status
Publicly Traded
Headquarters
| Brand | Parent Company | Ownership Type |
|---|---|---|
| Ross University School of Medicine | Covista (formerly Adtalem Global Education) | Wholly owned |
Robert Ross founded Ross University School of Medicine in 1978 in Roseau, Dominica. The school was established as a for-profit medical school to provide an alternative pathway to a medical degree for students who were not admitted to medical schools in the United States or Canada. US and Canadian medical schools have highly competitive admissions processes with limited enrollment capacity relative to the number of qualified applicants.
Caribbean medical schools like Ross University emerged in the 1970s and 1980s to serve aspiring physicians who could not gain admission to US or Canadian schools. These schools offer a pathway to an MD degree and eligibility to sit for the United States Medical Licensing Examination (USMLE), which is required for licensure to practice medicine in the United States.
Ross University's MD program follows a structure common to Caribbean medical schools. Students complete basic sciences (typically the first two years) at the Caribbean campus, then transfer to affiliated teaching hospitals in the United States and Canada for clinical rotations (years three and four). Upon completing the program and passing USMLE Steps 1, 2 CK, and 2 CS, graduates are eligible to apply for residency programs through the National Resident Matching Program (NRMP).
Ross University grew significantly during the 1980s, 1990s, and 2000s, establishing itself as one of the largest Caribbean medical schools by enrollment. The school built a network of affiliated teaching hospitals across multiple US states and Canadian provinces.
In 2011, DeVry Education Group (renamed Adtalem Global Education in 2018) acquired Ross University. The acquisition was part of DeVry's strategy to expand into healthcare professional education, complementing its existing Chamberlain University nursing programs.
In September 2017, Hurricane Maria, a Category 5 hurricane, made a direct hit on Dominica. The storm caused catastrophic damage to the island and to Ross University's campus in Roseau, destroying or severely damaging many of the school's facilities. Adtalem relocated students and operations to temporary facilities while planning a permanent relocation.
In 2019, Ross University officially relocated its campus to Bridgetown, Barbados, constructing new facilities for the basic sciences program. The relocation required regulatory approvals from Barbados authorities and coordination with US accrediting and regulatory bodies.
Ross University School of Medicine is accredited by the Caribbean Accreditation Authority for Education in Medicine and Other Health Professions (CAAM-HP). The school is listed in the World Directory of Medical Schools, which is required for graduates to be eligible for USMLE examination and US medical licensure. The school is not accredited by the Liaison Committee on Medical Education (LCME), which accredits US and Canadian allopathic medical schools. This means Ross University graduates are classified as international medical graduates (IMGs) for residency application purposes.
What does Covista own?
Covista operates five accredited institutions: Chamberlain University, Walden University, Ross University School of Medicine, Ross University School of Veterinary Medicine, and American University of the Caribbean School of Medicine. Becker Professional Education operates as a professional certification division.
Is Covista publicly traded?
Yes, Covista is publicly traded on the New York Stock Exchange under the ticker symbol CVSA (formerly ATGE). The ticker changed on February 24, 2026. The company has been publicly traded since 1966 under various names.
Who founded Covista?
The company was founded in 1931 as DeVry Technical Institute by Herman A. DeVry. It was rebranded as Adtalem Global Education in 2017 and as Covista in February 2026.
Where is Covista headquartered?
Covista is headquartered in Chicago, Illinois. In 2025, the company moved to an 84,000-square-foot space in Willis Tower.
How many schools does Covista operate?
Covista operates five accredited institutions serving more than 100,000 students and 400,000 alumni across nursing, medicine, veterinary medicine, and graduate programs.
Who owns Covista?
Covista is publicly owned with shares traded on the NYSE under ticker CVSA. The company is owned by institutional investors, mutual funds, and individual shareholders.
What is Covista's revenue?
Covista reported FY2025 revenue of $1.79 billion, up 12.9% year over year, with adjusted EBITDA of $459.7 million and adjusted EPS of $6.67. Full-year FY2026 revenue guidance is approximately $2.07 billion.
Hurricane Maria Campus Destruction (2017): Hurricane Maria devastated Ross University's Dominica campus in September 2017, destroying the school's physical infrastructure and forcing a complete relocation to Barbados. The disaster disrupted students, faculty, and operations, requiring emergency measures to maintain educational continuity. The school completed its relocation to Barbados in 2019.
USMLE and Residency Match Challenges: Ross University, like other Caribbean medical schools, faces ongoing scrutiny regarding student outcomes. Caribbean medical school graduates typically have lower average residency match rates compared to US medical school graduates. This creates challenges for student competitiveness in residency applications, particularly for competitive specialties.
Accreditation Classification: The school's accreditation by CAAM-HP rather than the LCME means Ross University graduates are classified as international medical graduates (IMGs) for residency purposes. This classification can affect competitiveness for residency positions relative to US medical school graduates.
Student Debt Concerns: Ross University's tuition costs are substantial, and many students finance their medical education through federal student loans. The financial burden is particularly acute for graduates who match into primary care residencies with lower starting salaries.
For-Profit Education Scrutiny: As part of Adtalem, a for-profit education company, Ross University faces scrutiny common to for-profit education institutions, including concerns about educational quality, student debt levels, and corporate profit motives in healthcare education.
Current Status: Ross University School of Medicine continues to operate in Barbados under Adtalem ownership. The school maintains CAAM-HP accreditation and World Directory of Medical Schools listing. Adtalem's fiscal year 2026 guidance projects continued revenue growth across its portfolio.
These competing brands operate in the same categories and provide similar products or services. Compare key attributes to understand market positioning and competitive landscape.
| Brand | Parent Company | Country | Founded | Market Position | Primary Market | Gender Target |
|---|---|---|---|---|---|---|
| Adtalem Global Education | Kingdom of the Netherlands | 1978 | Niche | United states | All Genders |
Market Positioning: Ross University School of Medicine competes with 1 brands in the same categories, ranging from mass market to luxury positioning.
Geographic Distribution: Competitors are headquartered across multiple regions, indicating global competition in this market segment.
Brand Heritage: Competitor brands range from established heritage brands to newer market entrants, with founding years spanning several decades.
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