Perdoceo Education Corporation entered into a definitive agreement on September 14, 2026, to acquire 100% of South University Savannah, LLC from South University – Member, Inc. The transaction involves an initial cash payment of $150 million due at closing, subject to adjustments for working capital and debt-like items based on the April 2027 balance sheet. Perdoceo will also pay $18 million in deferred consideration over 24 months and up to $56 million in earn-out payments tied to EBITDA milestones for fiscal years 2027 through 2029. The acquisition is expected to close as early as April 2027, subject to regulatory approvals including Hart-Scott-Rodino clearance and educational agency consents. South University generated approximately $291 million in revenues and $34 million in adjusted operating income for the year ended December 31, 2025, serving roughly 10,500 students. Perdoceo intends to fund the purchase using available cash balances and reaffirmed its full-year adjusted operating income outlook of $258 million to $263 million for fiscal 2026. Perdoceo Education Corporation operates in the postsecondary education industry, providing degree programs through institutions such as Colorado Technical University and the American InterContinental University System.

Perdoceo Education Corporation reported second quarter and year-to-date financial results for the period ended June 30, 2026. Revenue increased 1.8% to $213.4 million in Q2 and 3.0% to $435.1 million year-to-date. Diluted earnings per share rose 21.0% to $0.75 for the quarter and was $1.60 year-to-date, up from $1.27. The company declared a quarterly cash dividend of $0.17 per share, representing a 13.3% increase, payable on September 10, 2026 to shareholders of record as of September 1, 2026. Perdoceo also provided third quarter and full-year 2026 earnings guidance. The company operates in the postsecondary education industry, offering degree and professional development programs through its academic institutions.