Perdoceo Education Corporation announced the completion of its acquisition of the University of St. Augustine for Health Sciences (USAHS) on December 2, 2024. The transaction involved a cash consideration of approximately $138 million, net of cash acquired, subject to customary post-closing adjustments.
USAHS is recognized as a leading university specializing in graduate health sciences degrees, including physical therapy, occupational therapy, speech language therapy, and nursing. This acquisition significantly diversifies Perdoceo's academic portfolio, expanding its presence in high-demand healthcare fields.
The addition of USAHS, which operates through ground campuses and online programs, is expected to be accretive to Perdoceo's adjusted operating income starting in 2025. Management anticipates this strategic expansion will provide further growth in 2026, broadening the company's reach and community impact.
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