05:28 PM EST, 12/02/2024 (MT Newswires) -- Perdoceo Education ( PRDO ) said late Monday it closed its acquisition of University of St. Augustine for Health Sciences for about $138 million in cash.

The company said it expects the deal to be accretive to its adjusted operating income starting in 2025 and to provide additional adjusted operating income growth in 2026.

The company said it's on course to achieve its full-year 2024 adjusted operating income target of between $188 million and $191 million.