M&A
confidence high
sentiment neutral
materiality 0.60
APEI provides audited Rasmussen 2020 financials: $261.5M revenue, $20.8M net income
AMERICAN PUBLIC EDUCATION INC
- Acquisition of Rasmussen closed Sep 1, 2021 for $329M; audited financials now filed.
- Rasmussen 2020 revenue $261.5M; net income $20.8M vs. Successor period net income $2.7M in 2019.
- Total assets $193.7M, member's equity $116.7M as of Dec 31, 2020.
- Pro forma combined financial info included for nine months ended Sep 30, 2021 and year ended Dec 31, 2020.