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DeVry was founded in 1931 as the De Forest Training School in Chicago, Illinois. School founder Herman A. DeVry, who had previously invented a motion picture projector and produced educational and training films, named the school after his friend Lee de Forest. De Forest Training School originally taught projector and radio repair, but later expanded to include other electronic equipment such as televisions. After its founder’s death in March 1941, the school was renamed DeVry Technical Institute in 1953 and gained accreditation to confer associate degrees in electronics in 1957.

Bell & Howell completed its acquisition of DeVry Technical Institute in 1967. A year later, the company acquired the Ohio Institute of Technology and DeVry was renamed DeVry Institute of Technology, which was accredited to confer bachelor’s degrees in electronics in 1969.
DeVry Inc. successfully completed its initial public offering on June 21, 1991.[better source needed] In 1992, DeVry lost the highest scoring basketball game in history to Troy State University (now Troy University), 258 to 141.

In 1995, its stock began trading on the New York Stock Exchange.

In 1996, DeVry acquired Becker CPA Review—a firm that prepared students for the Uniform Certified Public Accountant Examination—for an undisclosed amount of cash, the tentative purchase price of which was US$18.685 million (about equivalent to US$36,000,000 in 2023). In 2003, DeVry acquired Ross University, a medical and veterinary school based in the Caribbean, for a price variously reported at US$310 million (about US$513 million in 2023) and US$329 million (US$545 million in 2023). DeVry moved into the nursing field in March 2005 with the acquisition of Deaconess College of Nursing, a St. Louis-based nursing college that conferred both associate’s and bachelor’s degrees in nursing, at a price variously reported at about US$5.3 million (US$8.27 million in 2023)and US$5.4 million (US$8.42 million in 2023). Deaconess College of Nursing was later renamed Chamberlain College of Nursing.

DeVry Inc. entered Brazil with its 2009 acquisition of Faculdade Nordeste (FANOR), Ruy Barbosa and ÁREA 1, which are universities located in the Northeast of Brazil.
In 2010, DeVry University had nearly 90 campus learning sites in 26 states and more than 7,000 employees. The parent company had more than 12,000 employees. DeVry University’s undergraduate enrollment reached 68,290 students by the summer of 2010.

In 2012, the university acquired Faculdade Boa Viagem and Faculdade do Vale do Ipojuca. DeVry acquired a sixth Brazilian university, Faculdade Differencial Integral, in 2013.DeVry Inc. was renamed DeVry Education Group later that year.]DeVry Education Group changed its name to Adtalem Global Education in May 2017, and announced in December 2017 that they would hand off DeVry University and Keller Graduate School to Cogswell Education (a division of Palm Ventures) for no upfront cost, pending regulatory and accreditor approval.
In December 2018, the parent company Adtalem finalized the handover of both DeVry University and Keller Graduate School of Management to Cogswell Education.