{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-22-297061","form_type":"8-K","ticker":"UTI","cik":"0001261654","company_name":"UNIVERSAL TECHNICAL INSTITUTE INC","filed_at":"2022-12-02T23:59:59+00:00","discovered_at":"2026-05-14T18:03:49.941942+00:00","generated_at":"2026-06-21T10:07:34.480559+00:00","sec_items":["2.01","7.01","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.9,"calibrated_materiality_score":0.9,"confidence":"high","headline":"UTI completes $50M cash acquisition of Concorde Career Colleges, expanding into healthcare education","bullets":["Cash purchase price $50M; Concorde operates 17 campuses in 8 states with ~8,000 students.","Concorde's unaudited TTM revenue ~$200M and adjusted EBITDA ~$17M as of Sept 30, 2022.","Combined entity serves 20,000+ students across 33 locations in 14 states.","Concorde CEO Jami Frazier appointed President of UTI's new Healthcare Division, reporting to CEO Jerome Grant.","UTI plans to add new programs, grow online offerings, and optimize campuses post-close."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-22-297061","json":"https://secwatch.observer/filing/0001193125-22-297061.json","markdown":"https://secwatch.observer/filing/0001193125-22-297061.md","text":"https://secwatch.observer/filing/0001193125-22-297061.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1261654/000119312522297061/0001193125-22-297061-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1261654/000119312522297061/d427049d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-21T10:07:34.480559+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":[{"claim_id":"9194fdfa452c8db4dc16f274a232e50babf32111","claim":"UNIVERSAL TECHNICAL INSTITUTE INC completed an acquisition involving Concorde Career Colleges, Inc. for $50.0 million in cash (closed 2022-12-01).","evidence_excerpt":"and online formats. Under the terms of the Purchase Agreement, UTI acquired of all of the issued and outstanding shares of capital stock of Concorde for a base purchase price of $50.0 million in cash, subject to certain customary adjustments as set forth in the Purchase Agreement. As a result of the transactions contemplated by the Purchase Agreement, Concorde is now","evidence_source":"SEC 8-K Item 2.01/5.01","evidence_url":"https://www.sec.gov/Archives/edgar/data/1261654/000119312522297061/0001193125-22-297061-index.htm","confidence":0.9,"family_label":"M&A Transactions","details":[{"label":"Action","value":"acquisition"},{"label":"Counterparty","value":"Concorde Career Colleges, Inc."},{"label":"Consideration","value":"$50.0 million in cash"},{"label":"Closing","value":"2022-12-01"}],"fact_type":"ma_transaction"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}