(RTTNews) - Perdoceo Education Corp. (PRDO), a provider of postsecondary education, on Monday announced an agreement to acquire 100% of South University from South University - Member, Inc. The company expects to pay about $130 million to $140 million in cash at closing, plus $18 million in deferred consideration and up to $56 million in earn-out payments tied to specified EBITDA thresholds for 2027 through 2029. The acquisition is subject to customary closing conditions. The transaction is expected to close as early as April 2027. The acquisition will expand Perdoceo's graduate health sciences offerings. The company plans to invest in clinical placement capacity, faculty, simulation and instructional technology, and licensure exam preparation.
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