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  1. Home
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  3. Education
  4. Walden University
Walden University logo
Education

Who Owns Walden University?

Walden University is owned by Covista Inc. (NYSE: CVSA), formerly Adtalem Global Education, America's largest healthcare educator headquartered in Chicago, Illinois. Covista acquired Walden in August 2021 for approximately $1.48 billion from Laureate Education. Founded in 1970 by Bernard and Rita Turner in Minneapolis, Minnesota, Walden serves over 54,000 students through fully online degree programs in nursing, business, healthcare, education, and psychology.

Parent Company

Covista (formerly Adtalem Global Education)

Acquired

2021

Status

Private

Headquarters

Minneapolis, Minnesota, USA (administrative; fully online delivery)

Walden University Timeline

1931
Covista (formerly Adtalem Global Education)

Parent company established in Chicago, Illinois, United States

Company Founded
1970

Walden University

Founded by Bernard Turner, Rita Turner

Founded
2021
Acquired by Covista (formerly Adtalem Global Education)

Covista (formerly Adtalem Global Education) acquired Walden University

Acquired
premiummass marketUnited StatesOfficial Website

Who Owns Walden University?

  • Parent Company: Covista (formerly Adtalem Global Education)
  • Ownership Type: Wholly owned
  • Acquisition Year: 2021
  • Company Type: Publicly Traded
  • Stock Ticker: NYSE: CVSA
BrandParent CompanyOwnership Type
Walden UniversityCovista (formerly Adtalem Global Education)Wholly owned

History of Walden University

  • Founded: 1970
  • Founders: Bernard Turner, Rita Turner
  • Acquired by Covista (formerly Adtalem Global Education): 2021

Walden University was founded in 1970 by Bernard Turner and Rita Turner in Minneapolis, Minnesota. The Turners established Walden to provide access to higher education for working professionals and adult learners who could not attend traditional residential universities. The university's name was inspired by Henry David Thoreau's Walden, reflecting the founders' belief in self-improvement and purposeful living.

Walden was an early pioneer in distance learning, offering degree programs through correspondence and later through telecommunications technologies. The university's focus on working adult learners distinguished it from traditional residential universities. Walden's programs were designed for students employed full-time who needed flexible scheduling and asynchronous learning options.

The university received accreditation from the Higher Learning Commission (HLC), a regional accrediting body recognized by the U.S. Department of Education. This accreditation is essential for students to access federal financial aid and ensures that Walden's degrees are recognized by employers and other institutions.

Walden expanded its program offerings during the 1990s and 2000s, adding master's and doctoral programs in nursing, business administration, healthcare administration, education, psychology, and social work. The growth of broadband internet enabled Walden to transition from correspondence-based distance learning to fully online education, expanding its reach and enrollment.

In 2010, Laureate Education acquired Walden University. Under Laureate's ownership, Walden continued to expand its online programs, growing into one of the largest online universities in the United States.

In August 2021, Adtalem Global Education (now Covista) completed its acquisition of Walden from Laureate Education for approximately $1.48 billion. The acquisition required approval from the U.S. Department of Education, the Higher Learning Commission, and state authorization agencies. The deal made the combined company the largest provider of graduate nursing degrees in the United States.

Under Covista ownership, Walden has experienced sustained enrollment growth. The university achieved 12 consecutive quarters of total enrollment growth through Q3 FY2026. Total enrollment reached 54,474 students in Q3 FY2026, a 12.3% year-over-year increase and the highest in university history. New programs launched heading into the 2026 academic year, including clinical psychology and behavioral analysis, enrolled over 1,700 students. Walden received approval for seven new programs, including B.S. Special Education, B.S. Integrative Health, and a Post-Master's Certificate in Palliative Care.

On February 5, 2026, parent company Adtalem Global Education changed its name to Covista Inc. The individual schools within Covista, including Walden, did not change their names. CEO Steve Beard described the rebrand as reflecting what the company has built and the healthcare workforce crisis it aims to address.

About Covista (formerly Adtalem Global Education)

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.

  • Founded: 1931
  • Headquarters: Chicago, Illinois, United States
  • Company Type: Publicly Traded
  • Stock: NYSE: CVSA
  • Revenue: $1.79B (FY2025)
  • Employees: ~10,000

Visit Covista (formerly Adtalem Global Education) website

View full company profile for Covista (formerly Adtalem Global Education)

Where Is Walden University Made / Based?

  • Headquarters: Minneapolis, Minnesota, USA (administrative; fully online delivery)
  • Manufacturing / Operations: United States, Online globally

Walden University Categories & Tags

Online UniversityHigher EducationNursing EducationHealthcare EducationGraduate Degrees

Walden University Sustainability & Ethics

Walden's fully online delivery model eliminates the need for physical campus infrastructure, reducing energy consumption, paper usage, and transportation-related emissions compared to traditional residential universities. The university has implemented digital-first administrative processes and paperless systems.

Covista's corporate sustainability efforts focus on addressing the U.S. healthcare workforce shortage. The company reports that more than 8.4 million open healthcare jobs exist in the United States. CEO Steve Beard has framed this as a potential "patient care crisis" if the gap continues to grow. Walden's nursing and healthcare programs directly address this shortage by training practitioners at scale.

Ethical educational practices at Walden include transparency in educational outcomes, graduation rates, and career placement statistics through regular reporting. The university maintains compliance with federal financial aid requirements, state authorization regulations, and regional accreditation standards.

No independent third-party sustainability certifications specific to Walden University have been verified.

Awards & Recognition

Walden University's nursing programs have received recognition from U.S. News & World Report for online graduate nursing education and program flexibility. The university has been acknowledged by nursing education organizations for online nursing program innovation and faculty excellence.

Covista, as parent company, has received recognition for workplace diversity and ethical business practices in education. The company's role in addressing healthcare workforce shortages through scaled online education has been noted in industry coverage.

No specific independent awards for the 2026 calendar year have been verified for Walden University as a standalone institution.

Walden University Recalls & Controversies

Walden University has faced several significant controversies, primarily related to its for-profit online education model and nursing program practices.

In 2020, the U.S. Department of Justice and several other federal agencies investigated Walden University over allegations that it misrepresented aspects of its Master of Science in Nursing program. The investigation examined whether Walden falsely advertised the content and cost of the MSN program and the availability of clinical site placements required for mandatory practicum courses. A qui tam lawsuit filed under the False Claims Act alleged that Walden engaged in a "bait and switch" scheme, telling students it would help secure clinical placements but requiring students to find their own preceptors and clinical sites.

The Higher Learning Commission placed a governmental investigation designation on Walden in October 2020, which required the university to submit regular reports about its legal situation. HLC removed the designation in May 2021 after the DOJ declined to intervene in the lawsuit. The removal cleared a major hurdle for the Adtalem acquisition, which closed in August 2021.

In 2016, class action lawsuits alleged that Walden lied about the cost and length of its graduate programs, falsely suggesting they were cheaper and faster to complete than they actually were.

Higher education advocacy groups, including the Center for Responsible Lending, The Institute for College Access and Success, and the American Federation of Teachers, opposed the Adtalem acquisition of Walden. They cited both institutions' troubling track records with misleading recruitment and other unlawful practices. The groups called on the Department of Education to place limits on Adtalem's ability to grow programs and enrollment at Walden after the deal closed.

In 2025 and 2026, nursing professionals raised concerns about Walden's accelerated MSN Nurse Practitioner program, which was shortened from 1.5 years to 1.3 years. Critics questioned whether the compressed timeline provides adequate clinical training, particularly given that students must still find their own preceptors. The program's structure, which allegedly conflates Adult Primary Care and Adult Acute Care tracks, drew scrutiny from nursing educators.

The for-profit higher education sector as a whole faces ongoing regulatory scrutiny from the U.S. Department of Education and state regulators. Potential changes to federal financial aid policies create regulatory risk for Walden's enrollment and revenue.

Brands Owned by Covista (formerly Adtalem Global Education)

American University of the Caribbean School of MedicineEducation

American University of the Caribbean School of Medicine

Owned by Covista (formerly Adtalem Global Education)

Caribbean-based offshore medical school offering the Doctor of Medicine degree, owned by Adtalem Global Education Inc. since 2011.

medical-educationhigher-educationinternational-school
Chamberlain UniversityEducation

Chamberlain University

Owned by Covista (formerly Adtalem Global Education)

Healthcare education institution offering nursing and public health degree programs, owned by Adtalem Global Education.

nursing-educationhealthcare-educationhigher-education
Ross University School of MedicineEducation

Ross University School of Medicine

Owned by Covista (formerly Adtalem Global Education)

Caribbean medical school founded in 1978 in Dominica, relocated to Barbados in 2019 after Hurricane Maria. Owned by Adtalem Global Education (NYSE: ATGE) since 2011.

medical-educationhigher-educationcaribbean-medical-school
Ross University School of Veterinary MedicineEducation

Ross University School of Veterinary Medicine

Owned by Covista (formerly Adtalem Global Education)

International veterinary school offering Doctor of Veterinary Medicine (DVM) degree programs in Basseterre, St. Kitts. Owned by Adtalem Global Education (NYSE: ATGE) since 2003. AVMA-accredited.

veterinary-educationhigher-educationinternational-school
View all brands owned by Covista (formerly Adtalem Global Education)

Walden University Ownership: Pros & Cons

Advantages

  • +Covista's fiscal year 2026 revenue of $1.95 billion and 12 consecutive quarters of Walden enrollment growth reflect strong parent company financial health
  • +Record enrollment of over 54,000 students provides scale advantages in online course development, faculty recruitment, and student support
  • +Walden's nursing and healthcare programs benefit from Covista's broader healthcare education focus and relationships with healthcare employers
  • +Fully online delivery model provides maximum flexibility for working adult students
  • +HLC accreditation ensures degrees are recognized by employers and other institutions, and students can access federal financial aid
  • +New program launches in clinical psychology, behavioral analysis, special education, and integrative health expand the university's addressable market

Considerations

  • -DOJ investigation and False Claims Act lawsuit over MSN program misrepresentation created reputational damage, though the DOJ declined to intervene
  • -For-profit online university model faces ongoing regulatory scrutiny from the Department of Education and state regulators
  • -Concerns from nursing professionals about accelerated NP program timelines and self-sourced clinical placements
  • -Online higher education market is highly competitive, with Southern New Hampshire University and Western Governors University competing for the same student population
  • -Covista's healthcare-focused strategy means Walden's non-healthcare programs may receive less strategic priority and investment

Frequently Asked Questions About Walden University

Sources & Further Reading

  • Covista Q3 FY2026 Earnings Release
  • Covista FY2026 Results Press Release
  • Covista Name Change Press Release
  • SEC 8-K: Covista Name Change Filing
  • CNBC: How Largest Healthcare Educator Is Tackling Jobs Gap
  • Walden University Official Website
  • Covista Corporate Website
  • Covista Investor Relations
  • Higher Learning Commission
  • Commission on Collegiate Nursing Education
  • Higher Ed Dive: DOJ Investigates Walden University
  • The Century Foundation: Students Left in the Dark about College Deceptions
  • SEC EDGAR: Covista Filings

Competitors to Walden University

These competing brands operate in the same categories and provide similar products or services. Compare key attributes to understand market positioning and competitive landscape.

BrandParent CompanyCountryFoundedMarket PositionPrimary MarketGender Target
Chamberlain UniversityChamberlain UniversitySister Brand
Adtalem Global Education
USA
1889
Mass marketUnited statesAll Genders
American University of the Caribbean School of MedicineAmerican University of the Caribbean School of MedicineSister Brand
Adtalem Global Education
Kingdom of the Netherlands
1978
NicheUnited statesAll Genders

Learn More About Competitors

Chamberlain UniversityEducation

Chamberlain University

Owned by Covista (formerly Adtalem Global Education)

Healthcare education institution offering nursing and public health degree programs, owned by Adtalem Global Education.

nursing-educationhealthcare-educationhigher-education
American University of the Caribbean School of MedicineEducation

American University of the Caribbean School of Medicine

Owned by Covista (formerly Adtalem Global Education)

Caribbean-based offshore medical school offering the Doctor of Medicine degree, owned by Adtalem Global Education Inc. since 2011.

medical-educationhigher-educationinternational-school

Competitive Analysis

Market Positioning: Walden University competes with 2 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.

Independent Alternatives to Walden University

Looking for brands with different ownership structures? These similar brands are not owned by Covista (formerly Adtalem Global Education), giving you alternative choices that support different corporate structures.

Rosetta StoneEducation

Rosetta Stone

Owned by IXL Learning, Inc.

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Rosetta Stone is owned by IXL Learning, Inc., a private company, a different structure than Walden University's parent.

Manipal Academy of Higher EducationEducation

Manipal Academy of Higher Education

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Indian private deemed university offering 370+ programs across 36+ disciplines with campuses in India, Dubai, and Malaysia.

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Manipal Academy of Higher Education is owned by Manipal Education & Medical Group, a private company, a different structure than Walden University's parent.

BatutinhasEducation

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private-schoolearly-childhoodbrazil
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Batutinhas is owned by Inspired Education Group, a private company, a different structure than Walden University's parent.

Blue Valley SchoolEducation

Blue Valley School

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Premium international school in Costa Rica offering co-educational education for students aged 3-18, with emphasis on bilingual education and environmental sustainability.

international-schoolprivate-schoolcosta-rica
Privately Owned

Blue Valley School is owned by Inspired Education Group, a private company, a different structure than Walden University's parent.

British School of BahrainEducation

British School of Bahrain

Owned by Inspired Education Group

Premium international school in Bahrain offering co-educational education for students aged 3-18, with emphasis on British curriculum and academic excellence.

international-schoolprivate-schoolbahrain
Privately Owned

British School of Bahrain is owned by Inspired Education Group, a private company, a different structure than Walden University's parent.

British School of BarcelonaEducation

British School of Barcelona

Owned by Cognita Schools

Premium international school in Spain offering British curriculum education for students aged 3-18, with emphasis on academic excellence and global perspective.

international-schoolprivate-schoolspain
Privately Owned

British School of Barcelona is owned by Cognita Schools, a private company, a different structure than Walden University's parent.

Covista (formerly Adtalem Global Education) Stock Information

Jobs at Covista (formerly Adtalem Global Education)

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Last reviewed: August 15, 2026 · Reviewed by Who Brands Editorial Team