Covista

What Covista does

Covista is America's largest healthcare educator, operating five accredited post-secondary institutions—Chamberlain University, Walden University, American University of the Caribbean School of Medicine (AUC), Ross University School of Medicine, and Ross University School of Veterinary Medicine—serving over 97,000 students and producing more than 24,000 healthcare graduates annually, with 290,000+ alumni practicing worldwide. The company was founded in 1990 as Adtalem Global Education and rebranded to Covista in February 2026 to align its identity with a singular focus on healthcare workforce development. Covista is publicly traded on the NYSE under ticker CVSA, headquartered in Chicago, Illinois, and was valued at $3.9 billion at the time of the rebranding.

The company delivers education through a hybrid model combining 24 Chamberlain University campuses plus a 25th location opening in Cincinnati in August 2026, online programs at Walden University (52,000+ students), and Caribbean-based medical and veterinary schools in Barbados and St. Kitts. The technology stack is anchored on the Canvas learning management system, with Covista deploying an AI-powered tutoring tool (over 1 million interactions with Chamberlain nursing students), healthcare-specific AI credentials developed with Google Cloud, and an AI-Powered Classroom of the Future integrating LearnLM, Gemini, and NotebookLM, expected to pilot in 2026. Adjacent to the academic portfolio, the Covista Care Capacity Monitor produces proprietary workforce data across all 50 states, and the Healthcare AI Readiness Council—composed of clinical leaders from Cleveland Clinic, Advocate Health, UChicago Medicine, and Trinity Health—advises on curriculum and graduate readiness.

Revenue is generated primarily through tuition and fees across the five institutions, supplemented by employer-funded partnerships with health systems such as Advocate Health and SSM Health, which underwrite student scholarships in exchange for post-graduation service commitments. The FY2026 revenue guidance of $1.93B–$1.945B reflects modest organic growth (Q3 FY2026 revenue of $487M was up 4.5% year-over-year and trailing 12-month free cash flow of $336M rose 17%), with management targeting 6–11% revenue growth and 9–16% adjusted EPS growth over the FY2027–FY2029 period under the 'Purpose at Scale' strategy. The customer base is bifurcated: a long tail of individual tuition-paying students (aspiring and working healthcare professionals) on one side, and a concentrated set of enterprise health system partners (270+ relationships) on the other, providing a stable demand pipeline particularly for nursing graduates.

Name

Covista

Legal name

Covista Inc.

Website

https://covista.com

Company type

Public

Founded year

1990

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

Covista is America's largest healthcare educator, operating five accredited institutions that train over 97,000 students annually in nursing, medicine, and veterinary science, generating revenue primarily through tuition and employer-funded workforce pipeline partnerships with major health systems.

Ownership category

akta.pro rank

Product category

Healthcare Education

NAICS

Colleges, Universities, and Professional Schools (6113), Colleges, Universities, and Professional Schools (611310)

SIC

Services-Educational Services (8200)

akta.pro primary industry

Schools of Nursing (EDAHAGAC)

akta.pro secondary industries

Online Healthcare & Nursing Universities (Allied Health, RN-to-BSN, etc.) (EDAHALAF), Global Health Institutes & Programs (EDAHAGAM), Healthcare & Medical Licensure Exam Prep (USMLE/COMLEX, NCLEX, Dentistry, Pharmacy, PA) (EDANAIAA)

Keywords

• Healthcare education
• Nursing programs
• Medical school
• Veterinary education
• AI learning credentials

Headquarters

HQ city

Chicago Park

HQ country

United States

HQ region

North America

Offices4 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. Healthcare Education Tuition: Revenue from tuition and fees across five accredited institutions serving over 100,000 students. Includes Chamberlain University (nursing), Walden University (graduate programs), American University of the Caribbean School of Medicine, Ross University School of Medicine, and Ross University School of Veterinary Medicine
2. Employer Partnership Programs: Revenue from health system partnerships where employers fund student education through scholarships, clinical training, and loan repayment assistance in exchange for employment commitments

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels6 records

Core offering

Covista operates five accredited post-secondary institutions—Chamberlain University (nursing), Walden University (online graduate programs), American University of the Caribbean School of Medicine, Ross University School of Medicine, and Ross University School of Veterinary Medicine—delivering healthcare workforce education to more than 97,000 students. Its offerings include tuition-based degree and certificate programs, employer-funded nursing pipeline partnerships with major U.S. health systems, healthcare-specific AI credentials co-developed with Google Cloud, and a workforce research platform (Covista Care Capacity Monitor).

Product overview

Covista is a healthcare education platform operating as America's largest healthcare educator through five accredited institutions: Chamberlain University (nation's largest nursing school with 40,000+ students and 25 campuses), Walden University (online university with 52,000+ students focused on nursing and behavioral health), American University of the Caribbean School of Medicine, Ross University School of Medicine, and Ross University School of Veterinary Medicine. Together these institutions serve over 97,000 students, graduate 24,000+ healthcare professionals annually, and have 290,000+ alumni practicing worldwide. Covista's product portfolio includes core educational programs at each institution supplemented by technology-enabled offerings: Healthcare AI Credentials developed with Google Cloud (available across all five institutions with 3,400+ initial enrollees), an AI-Powered Classroom of the Future integrated within Canvas using LearnLM/Gemini/NotebookLM, and the Covista Care Capacity Monitor research platform documenting workforce gaps. The company also operates Covista Open Doors, a multi-year workforce development commitment, and convenes a Healthcare AI Readiness Council of industry leaders to guide curriculum. The platform collectively represents approximately 90% of graduates in healthcare fields including doctors, nurses, behavioral health specialists, and mental health professionals.

Differentiator

Problem solved

Functional benefit

Products and services

• Chamberlain University Nation's largest nursing school, serving approximately 40,000 students across 25 campuses and graduating more than 155,000 alumni. Offers pre-licensure Bachelor of Science in Nursing programs, RN to BSN, MSN, and Doctor of Nursing Practice degrees, accounting for over 10% of U.S. nursing degrees in 2024. Also serves as the primary vehicle for employer-funded pipeline partnerships with major health systems such as Advocate Health and SSM Health.
• Walden University Online university offering nursing, public health, and behavioral health graduate programs with record enrollment exceeding 52,000 students. Features flexible scheduling for working professionals and programs centered on population health and health equity, with simplified pricing and the Believe & Achieve Scholarship. Now in its ninth consecutive quarter of enrollment growth.
• American University of the Caribbean School of Medicine (AUC) Medical school based in Barbados offering the MD program to students pursuing physician careers. Graduates practice in communities across all 50 states and Puerto Rico, with more than 17,000 AUC and Ross Med physicians in active U.S. practice; over 55% of graduates enter direct patient care primary care.
• Ross University School of Medicine Medical school providing MD education with its largest September new student start in five years. Graduates practice across all 50 states, with nearly 29% in family medicine and over 40% completing training in underserved areas.
• Ross University School of Veterinary Medicine Veterinary medical school based in St. Kitts preparing students for careers as veterinarians. Part of Covista's five accredited institutions focused on healthcare education.
• Healthcare AI Credentials Professional certificates developed with Google Cloud, available to enrolled students, alumni, and practicing healthcare professionals across all five Covista institutions. Curriculum covers AI applications supporting clinical practice, ethical considerations, and patient safety across nursing, medicine, veterinary medicine, behavioral health, and allied health professions.

Quantifiable outcome

• Over 3,400 learners enrolled in AI credentials within first week of launch
• +6 more outcomes

Named customers3 records

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration4 records

AI capability6 records

Feature4 records

Partnerships

15 partnerships are on record, tiered flagship, core and minor.

• Advocate HealthflagshipStrategic or Co-development Partner · 29 June 2026Strategic collaboration to expand access to nursing education and build direct pipeline of practice-ready nurses. Through Chamberlain University, program provides BSN scholarships, clinical immersion at Advocate Health facilities, and loan repayment support during employment. Recruiting began July 2026 for September classes, targeting hundreds of students annually.
• Healthcare AI Readiness CouncilcoreStrategic or Co-development Partner · 14 April 2026Advisory council of leading clinicians, health system executives and clinical educators ensuring curriculum reflects genuine requirements of clinical practice. Members include Dr. Toby Cosgrove (former CEO of Cleveland Clinic), Dr. Betty Jo Rocchio (Chief Nursing Officer at Advocate Health), and leaders from UChicago Medicine and Trinity Health. Advises on curriculum, evaluates tools in real settings, defines what prepared graduate looks like.
• GE HealthcarecoreTechnology or Integration · 24 February 2026Partnership through GE Healthcare's Hello AI program to advance AI readiness among healthcare professionals and students across the U.S. market. Working with GE Healthcare to integrate AI competencies into core curriculum.
• Science Applications International Corp. (SAIC)flagshipStrategic or Co-development Partner · 19 February 2026Founding member of the Alliance for Advancing Rural Healthcare (AARH), an eight-organization coalition launched to help states execute the $50 billion Rural Health Transformation Program. Covista contributes workforce development, sustainable access, and technology innovation to address rural healthcare challenges.
• Google CloudcoreTechnology or Integration · 15 October 2025Strategic partnership to launch first comprehensive AI credentials program of this scale specifically for healthcare students and practicing clinicians. Program integrates AI throughout educational experience at all five institutions, covering nursing, medicine, veterinary medicine, behavioral health and allied health professions. Credentials address clinical AI applications, ethical considerations, and patient safety. Over 3,400 learners enrolled within first week. Also developing AI-powered classroom of the future integrating LearnLM, Gemini, and NotebookLM into Canvas platform.
• Hippocratic AIcoreStrategic or Co-development Partner · 1 November 2024Partnership to train and certify clinicians on using artificial intelligence in healthcare. Curriculum covering nursing applications, clinical workflow integration, and ethical considerations integrated into Chamberlain University and Walden University programs. Over 3,000 healthcare professionals trained, with 99% committing to apply what they learned in practice.
• SSM HealthcoreStrategic or Co-development PartnerThrough Chamberlain University's Aspiring Nurse Program, SSM Health funds students' education in exchange for service commitment upon graduation. Creates direct pipeline of talent into SSM Health system operating in Wisconsin, Illinois, Missouri and Oklahoma. Students know the culture and system, hit ground running with guaranteed employment.
• ArcadiaminorStrategic or Co-development PartnerMember of Alliance for Advancing Rural Healthcare (AARH) coalition providing healthcare technology solutions as part of eight-organization partnership to deploy $50 billion in rural health programs
• Castlight HealthminorStrategic or Co-development PartnerMember of Alliance for Advancing Rural Healthcare (AARH) coalition providing healthcare navigation and analytics capabilities as part of eight-organization partnership
• Mission Mobile MedicalminorStrategic or Co-development PartnerMember of Alliance for Advancing Rural Healthcare (AARH) coalition providing mobile medical services as part of eight-organization partnership
• Telemedicine.comminorStrategic or Co-development PartnerMember of Alliance for Advancing Rural Healthcare (AARH) coalition providing telemedicine solutions as part of eight-organization partnership
• TruBridgeminorStrategic or Co-development PartnerMember of Alliance for Advancing Rural Healthcare (AARH) coalition providing revenue cycle management as part of eight-organization partnership
• WalgreensminorStrategic or Co-development PartnerMember of Alliance for Advancing Rural Healthcare (AARH) coalition providing retail pharmacy and healthcare access as part of eight-organization partnership
• Chamberlain UniversitycoreStrategic or Co-development PartnerCovista's largest institution and nation's largest nursing school, serving approximately 40,000 students across 25 campuses and graduating more than 155,000 alumni. Primary vehicle for healthcare workforce development partnerships with health systems.
• Walden UniversitycoreStrategic or Co-development PartnerCovista institution with record enrollment over 52,000 students, ninth consecutive quarter of growth. Online graduate programs for working professionals including nursing, public health, and behavioral health with simplified pricing and Believe & Achieve Scholarship.

Scale indicators13 records

Recent moves9 records

Expansion highlights6 records

Direct peers

• Medical University of the Americas: Caribbean medical school in Nevis with a four-year MD program aimed at U.S. and Canadian applicants; competes directly with AUC and Ross Med for federal-aid-eligible medical-school candidates.
• Perdoceo Education: Holds Colorado Technical University and American InterContinental University; competing for-profit, online higher-education operator with a healthcare and workforce-oriented curriculum that competes for similar adult-learner cohorts.
• Grand Canyon University: Large for-profit university with significant pre-licensure nursing, doctoral, and healthcare programs; comparable scale, for-profit higher-education model, and reliance on healthcare-adjacent adult learners across ground and online modalities.
• Galen College of Nursing: Largest nursing-focused college in the United States (now owned by HCA Healthcare); directly comparable to Chamberlain University on accelerated BSN, ASN-to-BSN, and employer-funded pipeline programs serving working adult learners.
• Strategic Education: Holds Strayer University and Capella University; Capella's RN-to-BSN, MSN, and health-administration graduate programs directly overlap Walden's online nursing and public-health portfolios under a similar for-profit, working-adult model.
• St. George's University: Caribbean-based medical school offering a four-year MD program aimed largely at U.S. applicants; competes head-to-head with Covista's AUC and Ross University School of Medicine for qualified U.S. medical school candidates and federal-aid-eligible seats.
• Frontier Nursing University: Online-focused nursing graduate school specializing in MSN, DNP and nurse-midwifery credentials; highly comparable to Walden's nursing graduate offerings and to Chamberlain's MSN/DNP stack on digital delivery for working nurses.

Broad incumbents

• University of Phoenix: Large online for-profit university with significant nursing and healthcare degree offerings; broadly comparable business model and adult-learner base, though with a more generalist curriculum extending beyond healthcare.
• Purdue Global: Public-private online university with significant nursing and Doctor of Nursing Practice programs; overlaps with Walden on online graduate nursing education and working-professional scheduling.
• Southern New Hampshire University: Large online non-profit university with growing nursing and health-science verticals; comparable online delivery model and adult-learner base (Amelia Manning, Covista's incoming Chamberlain president, came from SNHU's COO role).

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks5 records

Key highlights6 records

Customer concentration

• YouTubeyoutube.com/channel/UCCcTofNvWpslEydQb-zEU9w
• LinkedInlinkedin.com/company/covista-communications
• Instagraminstagram.com/lifeatcovista_

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Subsidiaries5 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments1 record

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Covista