---
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"
generated_at: "2026-09-14T12:06:05.453587+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Perdoceo to acquire South University for up to $224M; close expected April 2027

## Summary
- 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.

## SEC filing metadata
- 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
- 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/1046568/000119312526389857/0001193125-26-389857-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1046568/000119312526389857/d61984d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-389857
- JSON: https://secwatch.observer/filing/0001193125-26-389857.json
- Plain text: https://secwatch.observer/filing/0001193125-26-389857.txt

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