Legacy Education acquires Contra Costa Medical Career College for $8M

Legacy Education Inc.

Purchase price $8M: $6.6M cash at closing, $400K promissory note (6%, 12 monthly payments), $1M in Legacy common stock.
Sellers to provide 180-day transitional consulting; stock escrowed for one year for indemnification.
Acquires substantially all assets of Contra Costa Medical Career College in Antioch, CA; Buyer to lease campus.
College is BPPE-licensed, ACCET-accredited, and Title IV eligible.

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