- The company announced Wednesday that American Public Education Inc., the for-profit operator of the American Public University System and its American Military University, USA.
- Graduate School USA trains employees. APEI will acquire all of its assets substantially for $1 million and make the acquired company a standalone subsidiary.
- Graduate School USA averaged 15,000 open-enrollment . American Public University System, an online provider, 89,000 students enrolled over 12 months ending June 30, and APEI’s Hondros College of Nursing counted almost 2,400 students enrolled during that period.
It’s the. In October, the company Rasmussen University for $329 million. That .
The Rasmussen acquisition was an APEI effort to grow its healthcare education — a direction institutions across higher education. APEI said at the time the purchase would make the company the .
Buying Graduate School USA is a move to augment American Public University’s core student bases: veterans andin the military. It comes as APEI has been stung by disruptions to its pipeline of U.S. military students.
Active-duty members of the Army are APEI’s largest student segment, accounting for 23% of its registrations in 2020, according to an analysis from BMO Capital Markets Senior Analyst Jeffrey Silber. Those students typically ask forassistance through the Army education portal. But the portal experienced outages and after transitioning to a new provider. As a result, Army active-duty registrations fell 26% in its most recent fiscal quarter.
American Public University System’s net course registrations fell by about 8% year-over-year in the second quarter of 2021, which ended June 30.
According to the company, Graduate School USA has a strong portfolio ofcontracts and helps APEI with career training, employment pathways, and career advancement. The while also diversifying APEI, its president and chief executive, Angela Selden, said in a statement.
Selden pointed to opportunities to create new stackable credentials and for Graduate“to earn an initial or additional degree at our institutions.”
Graduate School USA does not participate inAid programs. American Public University System does.
Before the pandemic, Graduate School USA was training employees mainly in person. Training took place at government agencies and a Washington, D.C., facility. But APEI leaders believe they can expand outside of the Washington market and in other areas of worker training. The purchase is subject to closing conditions and regulatory approvals. It’s expected to close in the fourth quarter of this.