secwatch.observer — SEC 8-K summary
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Issuer:     PERDOCEO EDUCATION Corp (PRDO)
CIK:        0001046568
Form:       8-K
Filed at:   2024-12-02T23:59:59+00:00
Accession:  0000950170-24-132227
Event type: m_and_a
Sentiment:  positive
Materiality: 0.75
Item codes: 2.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Perdoceo completes $138M acquisition of University of St. Augustine for Health Sciences
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1046568/000095017024132227/0000950170-24-132227-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1046568/000095017024132227/prdo-20241202.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-132227

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