{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-26-389857","form_type":"8-K","ticker":"PRDO","cik":"0001046568","company_name":"PERDOCEO EDUCATION Corp","filed_at":"2026-09-14T12:00:07+00:00","discovered_at":"2026-09-14T12:05:00.759607+00:00","generated_at":"2026-09-14T12:06:05.453587+00:00","sec_items":["1.01","7.01","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Perdoceo to acquire South University for up to $224M; close expected April 2027","bullets":["Cash consideration: $130-150M at closing, $18M deferred over 24 months, up to $56M earn-out tied to 2027-2029 EBITDA.","South University 2025 revenue ~$291M, adjusted operating income ~$34M; ~10,500 students served.","Deal funded from cash on hand; not subject to financing; termination fee up to $20M if not closed by July 9, 2027.","Perdoceo reaffirms FY2026 adjusted operating income outlook of $258M-$263M.","Transaction expected to be immediately accretive to adjusted operating income from 2027."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-26-389857","json":"https://secwatch.observer/filing/0001193125-26-389857.json","markdown":"https://secwatch.observer/filing/0001193125-26-389857.md","text":"https://secwatch.observer/filing/0001193125-26-389857.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1046568/000119312526389857/0001193125-26-389857-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1046568/000119312526389857/d61984d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-09-14T12:06:05.453587+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":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}