{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-21-112247","form_type":"8-K","ticker":"APEI","cik":"0001201792","company_name":"AMERICAN PUBLIC EDUCATION INC","filed_at":"2021-09-02T23:59:59+00:00","discovered_at":"2026-05-14T18:04:17.400128+00:00","generated_at":"2026-06-29T06:01:52.362925+00:00","sec_items":["1.01","2.03","2.01","7.01","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"APEI completes $329M acquisition of Rasmussen University; revenue nearly doubles to ~$600M","bullets":["Acquired Rasmussen for $329M in cash; purchase price paid entirely in cash.","Combined revenue ~$600M; nursing platform with ~11,000 students, ~$200M nursing revenue.","Rasmussen seen generating ~$275M revenue in FY2021; combined adj. EBITDA ~$90M before synergies.","Expects cost savings >$5M in first 12 months, at least $10M in years 2-3 post-close.","Entered $175M term loan + $20M revolver to finance acquisition; maturities 2026/2027."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-21-112247","json":"https://secwatch.observer/filing/0001104659-21-112247.json","markdown":"https://secwatch.observer/filing/0001104659-21-112247.md","text":"https://secwatch.observer/filing/0001104659-21-112247.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1201792/000110465921112247/0001104659-21-112247-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1201792/000110465921112247/tm2126808d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-29T06:01:52.362925+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}