Perdoceo Education Signs Definitive Agreement To Acquire University of St. Augustine For Health Sciences, Expects To Pay ~$142M-$144M In Cash At Closing To Acquire 100% Ownership Of USAHS; Remains On Track To Achieve Its FY Adj. Operating Income Outlook For $175M-$190M
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Perdoceo Education has signed a definitive agreement to acquire the University of St. Augustine for Health Sciences (USAHS) for approximately $142M-$144M in cash. The acquisition is expected to close in December 2024 and is anticipated to be accretive to Perdoceo's adjusted operating income starting in 2025. The company remains on track to achieve its FY 2024 adjusted operating income outlook of $175M-$190M.
July 16, 2024 | 2:06 pm
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Perdoceo Education is acquiring the University of St. Augustine for Health Sciences for approximately $142M-$144M in cash. The acquisition is expected to be accretive to Perdoceo's adjusted operating income starting in 2025. The company remains on track to achieve its FY 2024 adjusted operating income outlook of $175M-$190M.
The acquisition of USAHS is a significant move for Perdoceo Education, expected to be accretive to its adjusted operating income starting in 2025. This aligns with the company's strategy of acquiring quality academic institutions and is likely to positively impact its financial performance. Additionally, the affirmation of the FY 2024 adjusted operating income outlook provides further confidence to investors.
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