M&A - AMERICAN PUBLIC EDUCATION INC

Form Type: 8-K

Filing Date: 2025-01-28

Corporate Action: Merger

Type: New

Accession Number: 000110465925006557

Filing Summary: On January 28, 2025, American Public Education, Inc. announced plans to merge American Public University System (APUS), Rasmussen University (RU), and Hondros College of Nursing (HCN) into a single entity, to be named American Public University System. This consolidated institution will feature two divisions tentatively called APUS Global and Rasmussen, encompassing current programs and campuses. The merger aims to enhance educational offerings, create operational efficiencies, support the healthcare sector, and ensure long-term sustainability. Approval processes are underway, including an application for a Change of Control to be considered by the Higher Learning Commission in June 2025. The merger is expected to finalize in the third quarter of 2025, pending regulatory approvals and anticipated compliance with federal financial aid regulations. Additionally, the company confirmed compliance with the '90/10 Rule' based on preliminary results for 2024, relating to federal funding limits.