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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 on Nov 8, 2026, 6:58 AM ET, from this filing 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 and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.