---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-22-139032"
form_type: "8-K"
ticker: "UTI"
cik: "0001261654"
company_name: "UNIVERSAL TECHNICAL INSTITUTE INC"
filed_at: "2022-05-04T23:59:59+00:00"
generated_at: "2026-06-26T00:27:22.070543+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# UTI to acquire Concorde Career Colleges for $50M cash, expanding into healthcare education

## Summary
- Acquisition price $50M cash; Concorde 2021 revenue ~$180M, adjusted EBITDA $13M.
- Concorde serves ~7,400 students across 17 campuses in 8 states; programs in nursing, dental, allied health.
- UTI expects close in first half of fiscal 2023; subject to regulatory approvals including Dept of Education review.
- Revised fiscal 2025 target: revenue >$700M, adjusted EBITDA margin ~20%.
- UTI to fund with cash on hand; boards of both companies unanimously approved.

## SEC filing metadata
- accession: 0001193125-22-139032
- form_type: 8-K
- ticker: UTI
- cik: 0001261654
- company_name: UNIVERSAL TECHNICAL INSTITUTE INC
- filed_at: 2022-05-04T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1261654/000119312522139032/0001193125-22-139032-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1261654/000119312522139032/d230789d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-22-139032
- JSON: https://secwatch.observer/filing/0001193125-22-139032.json
- Plain text: https://secwatch.observer/filing/0001193125-22-139032.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.