Perdoceo acquires Hippo Education for $42M cash to expand healthcare offerings

PERDOCEO EDUCATION Corp

Initial cash consideration of ~$42M funded from available cash; Hippo acquired by Colorado Technical University subsidiary.
Hippo provides continuing medical education and exam prep for medical professionals, serving ~40,000 learners.
Hippo's physician founder will continue in a leadership role under Perdoceo ownership.
Acquisition aligns with objective to extend breadth and depth of academic program offerings, particularly healthcare.

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