PERDOCEO EDUCATION Corp (PRDO): M&A transaction — Perdoceo completes $138M acquisition of University of St. Augustine for Health Sciences

PERDOCEO EDUCATION Corp

Paid ~$138M net cash for USAHS, a graduate health sciences university with campuses in CA, FL, TX.
USAHS had unaudited revenue of ~$114M and operating income of $10.5M for nine months ended Sep 30, 2024.
USAHS adjusted operating income was ~$25M for the same period; Perdoceo expects accretion in 2025.
Perdoceo reaffirms FY2024 adjusted operating income outlook of $188M to $191M.

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

PERDOCEO EDUCATION Corp completed an acquisition involving University of St. Augustine Parent Corp. for $138.0 million (net of cash acquired) (closed 2024-12-02).

Action: acquisition
Counterparty: University of St. Augustine Parent Corp.
Consideration: $138.0 million (net of cash acquired)
Closing: 2024-12-02

Exact text from the filing

with and into USAPC (the “Merger”), with USAPC surviving the Merger as a wholly-owned direct subsidiary of the Company. The Company paid an aggregate cash purchase price of $138.0 million (net of cash acquired), which is subject to customary post-closing adjustments and escrow arrangements. The foregoing description of the Merger Agreement and the transactions

View on SEC.gov

Browse all m&a transactions →

PERDOCEO EDUCATION Corp filing history →

Source: SEC EDGAR

accession 0000950170-24-132227

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.