Perdoceo Education (PRDO) has provided an announcement.
Perdoceo Education Corporation has announced its merger with the University of St. Augustine Parent Corp., positioning the company to expand its portfolio in the graduate health sciences education sector. The $142 to $144 million cash deal, expected to close by December 2024, will see the University of St. Augustine for Health Sciences become a wholly-owned subsidiary of Perdoceo. With a robust revenue and student enrollment, this strategic move promises to enhance Perdoceo’s financial outlook, as reaffirmed in their recent press release projecting an adjusted operating income of up to $190 million for the year.
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