secwatch.observer — SEC 8-K summary
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Issuer:     PERDOCEO EDUCATION Corp (PRDO)
CIK:        0001046568
Form:       8-K
Filed at:   2024-07-16T23:59:59+00:00
Accession:  0001193125-24-179348
Event type: m_and_a
Sentiment:  positive
Materiality: 0.70
Item codes: 1.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Perdoceo Education signs agreement to acquire University of St. Augustine for Health Sciences for ~$142-$144M
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1046568/000119312524179348/0001193125-24-179348-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1046568/000119312524179348/d865242d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-179348

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