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.

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