---
schema_version: "secwatch.filing_event.v1"
accession: "0001564590-21-047888"
form_type: "8-K"
ticker: "PRDO"
cik: "0001046568"
company_name: "PERDOCEO EDUCATION Corp"
filed_at: "2021-09-14T23:59:59+00:00"
generated_at: "2026-06-29T03:44:51.908556+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001564590-21-047888
- form_type: 8-K
- ticker: PRDO
- cik: 0001046568
- company_name: PERDOCEO EDUCATION Corp
- filed_at: 2021-09-14T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1046568/000156459021047888/0001564590-21-047888-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1046568/000156459021047888/prdo-8k_20210910.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001564590-21-047888
- JSON: https://secwatch.observer/filing/0001564590-21-047888.json
- Plain text: https://secwatch.observer/filing/0001564590-21-047888.txt

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