Angela Selden: No, we made the decision, Raj, and went to the Board of Nursing voluntarily to offer to teach out that program. We saw that while we saw improvements in the NCLEX scores at that campus, the improvements did not meet state standards by the end of the quarter — fourth quarter of 2023. And so we voluntarily went to the Board of Nursing with that offer. And furthermore, what we are seeing in the Twin Cities specifically, is that the market demand is not as strong for two-year ADN nurses as it is for four-year BSN nurses. And given the very strong NCLEX results that we have at the Bloomington campus, among other campuses in Minnesota for BSN above 90% for our NCLEX scores, we chose to invest our energy, our marketing resources, our faculty towards the BSN program, which will better align with the jobs that are available in the Twin Cities and the preferences of the health systems for a BSN trained versus an AND-trained nurse.
Raj Sharma: Great. And that’s all for my questions. I’ll take it offline. Thank you so much. Congratulations again.
Angela Selden: Thank you. Thank you very much.
Operator: Your next question comes from the line of Alex Paris with Barrington Research. Your line is open.
Alex Paris: Hi, thank you for taking my questions. Congratulations on the strong finish to the year.
Angela Selden: Thank you.
Alex Paris: I just wanted to ask you a question about full year guidance. Thank you for that incidentally. What was the last time that you offered full year guidance just to refresh my memory? Or if you hadn’t done that in the past, it’s usually one quarter at a time. So, just — confidence, but what was it–?
Rick Sunderland: Yes, Alex it’s Rick and I’m here with Chris. We’re going to test each other’s memory. I think it was 2011 or 2012, Chris?
Chris Symanoskie: I was going to say 2014.
Rick Sunderland: No, not 2014. No, because I started in 2011 and 2012, and I think that was the very tail end of annual guidance.
Alex Paris: Great. Well — and then I guess one specific question between the prepared comments and the questions that proceeded and I just had a couple left. And this is as a result of a quick skim of the 10-K. The 10-K mentions the planned closure of the ADN program in Bloomington, talks about the legislative changes in Illinois, which is a positive for the Illinois Rasmussen programs. And then I also mentioned something about Florida introducing legislation that could have an impact on our used nursing programs there. Can you give us a little bit more color on those legislative changes or the introduction of legislative changes?
Angela Selden: Sure. And those things are really developing as we speak. You may have seen the headlines about nursing program in Florida that was essentially a diploma mill. And as a result of that — no I’m saying another program. Yes, another program in Florida. They replaced the entire governing Board in Florida. And obviously, they have a mandate to be sure that all nursing programs are meeting the standards that the state of Florida would expect. And so, we are pleased with our performance in our program campus combinations. We have one campus program combination in Fort Myers that is below the state and collect standards. But we believe that we have a strong message to deliver to the Florida state nursing board, and we are striving to collaborate with them and make sure that we provide them all the information they need to evaluate and have confidence in our program.
Alex Paris: How many campuses or programs in Florida for Rasmussen?
Angela Selden: We have six campuses. And as it relates to nursing, we have two programs at each campus, so six campuses with an LPN and an ADN program at each campus.
Alex Paris: 12 total. And then you just said there was — where you are below state standards on NCLEX is one campus, one program in Fort Myers.
Angela Selden: That is correct.
Alex Paris: And is this proposed legislation? Or is it enacted legislation? And what’s your exposure with that campus?
Angela Selden: It is very early in the legislative process. So, it is not proposed that we are aware of. As it relates to Fort Myers specifically, that program has been below the state standard for two consecutive years. And so we’re paying careful attention to the remediation plans at Fort Myers.
Alex Paris: And is this an ADN program or the LPN program or both?
Angela Selden: It is an ADN program, yes.
Alex Paris: Okay. And how many students are roughly in that program?
