$PRDO (PERDOCEO EDUCATION) — 8-K: Perdoceo to acquire South University for up to $224 million in cash and earn-outs

Perdoceo agreed to acquire 100% of South University, paying approximately $130 million to $150 million at closing, $18 million in deferred consideration over 24 months, and up to $56 million in earn-outs tied to EBITDA thresholds for fiscal years 2027, 2028 and 2029. South operates eleven campus locations and an online division, with four licensure-driven clinical health sciences programs. The deal is subject to regulatory and accreditor approvals and is expected to close as early as April 2027.

Perdoceo agreed to acquire 100% of South University, paying approximately $130 million to $150 million at closing, $18 million in deferred consideration over 24 months, and up to $56 million in earn-o