Sep 16, 2026
Perdoceo Education (NASDAQ: PRDO) to Acquire South University with $150M Upfront Payment
Perdoceo Education (NASDAQ: PRDO) has entered into an agreement to acquire all membership interests in South University Savannah, LLC, for an initial cash payment of $150 million, with additional deferred and earn-out compensation possible. The acquisition is contingent on regulatory approvals and other closing conditions, with the total purchase price funded from Perdoceo's existing cash reserves. South University reported approximately $291 million in unaudited revenue and $34 million in adjusted operating income for 2025.
Company relevance
100.00%
Company sentiment
Bullish
Overall sentiment
Bullish
Sep 14, 2026
For-profit Perdoceo Education to acquire South University for $140M
Perdoceo Education plans to acquire South University for up to $140 million in cash, marking the university's fourth change in control in less than a decade. The acquisition is expected to finalize by April 2027, pending regulatory and accreditor approval, and will strengthen Perdoceo's graduate offerings in health sciences. South University, currently incorporated as a nonprofit but listed as for-profit by the Department of Education, generated $291 million in revenue in fiscal 2025.
Company relevance
100.00%
Company sentiment
Somewhat-Bullish
Overall sentiment
Neutral