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AI brief of an SEC Form 8-K · Perdoceo Education (PRDO)

Perdoceo completes $138.0 million acquisition of University of St. Augustine

Neutral Impact 4 of 5 m&a Written later

Perdoceo Education completed its acquisition of University of St. Augustine Parent Corp. on December 2, 2024, paying an aggregate cash price of $138.0 million net of cash acquired, subject to post-closing adjustments and escrow. The company reaffirmed its full-year 2024 adjusted operating income outlook of $188 million to $191 million and expects the deal to be accretive to adjusted operating income beginning in 2025.

Key points

  • Cash purchase price of $138.0 million net of cash acquired, subject to customary post-closing adjustments and escrow arrangements
  • Target had unaudited revenues of approximately $114M and unaudited operating income of approximately $10.5 million for the nine months ended September 30, 2024
  • Perdoceo reaffirmed its full-year 2024 adjusted operating income outlook of $188 million to $191 million
  • Company expects the deal to be accretive to adjusted operating income immediately beginning in 2025

The filing

CompanyPerdoceo Education (PRDO)
Form8-K, current report
Filed with the SECDec 2, 2024, 4:15 PM ET
Accession number0000950170-24-132227

Items reported: 2.01 Acquisition or Disposition Completed7.01 Regulation FD Disclosure

Read the filing on SEC.gov ↗

Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 6:58 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on December 02, 2024.

Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.