M&A
confidence high
sentiment positive
materiality 0.70
Perdoceo Education signs agreement to acquire University of St. Augustine for Health Sciences for ~$142-$144M
PERDOCEO EDUCATION Corp
- Purchase price $142M-$144M cash; expected to close December 2024 subject to regulatory and antitrust approvals.
- USAHS had ~$170M revenue and ~$35M operating income in FY2023, serving ~4,500 graduate students.
- Perdoceo reaffirms FY2024 adjusted operating income outlook of $175M-$190M.
- Transaction expected to be accretive to adjusted operating income beginning in 2025.
- Boards of both companies and USAHS stockholders unanimously approved; no financing condition.