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South University Acquired in $140M Deal
16 Sep
Summary
- Perdoceo Education will acquire South University for up to $140 million.
- The acquisition is expected to finalize by April 2027, pending approvals.
- South University will transition to a for-profit entity post-acquisition.
Perdoceo Education has announced plans to acquire South University for up to $140 million. This transaction represents the fourth change in control for South University in under a decade. The agreement has received approval from the boards of both organizations.
Finalization of the acquisition is anticipated as early as April 2027, contingent upon securing necessary regulatory and accreditor approvals. Perdoceo intends to invest in South University's graduate programs, particularly in health sciences, and enhance its faculty and technology.
South University, established in 1899, enrolls approximately 10,500 students across its 11 campuses located in Southern U.S. states and online. The university reported $291 million in revenue and $34 million in adjusted operating income during fiscal year 2025. Upon completion of the acquisition, South University will officially become a for-profit institution.
