XML 36 R24.htm IDEA: XBRL DOCUMENT  v2.3.0.11
Subsequent Event
12 Months Ended
Jun. 30, 2011
Subsequent Event Abstract  
Subsequent Event

NOTE 17:  SUBSEQUENT EVENT

On August 3, 2011, AUC School of Medicine B.V. ("AUC BV") a wholly owned St. Maarten subsidiary of DeVry Inc. acquired the international business operations of privately held American University of the Caribbean (AUC). DeVry Medical International, Inc. ("DMI"), a wholly owned U.S. subsidiary of DeVry Inc. acquired the Florida business operations of Medical Education Administrative Services, Inc. ("MEAS").  Under the terms of the agreement, AUC BV and DMI paid a combined $235 million in cash in exchange for the business assets of AUC and MEAS. AUC's medical school campus is located in St. Maarten, and its administrative offices are located in Coral Gables, Florida. Currently, management is completing its evaluation of intangible assets and related purchase accounting. The school will become part of DeVry's Medical and Healthcare segment, joining Ross University School of Medicine, Ross University School of Veterinary Medicine, Chamberlain College of Nursing and Carrington Colleges Group.