CHARLES TOWN, W.Va.,
Jan. 3, 2022 /PRNewswire/ -- American
Public Education, Inc. (NASDAQ: APEI) today announced that it has
completed its acquisition of substantially all the assets of
Graduate School USA ("GSUSA"),
effective January 1, 2022. GSUSA is a
leading training provider to the federal workforce with an
extensive portfolio of government agency customers. The acquisition
further advances APEI's focus on training and degrees that help
provide pathways to employment and career advancement.
Washington, D.C.-based GSUSA's
mission is closely aligned to APEI's focus on "Educating the
Service-minded" and represents a strong complement to American
Public University System's (APUS) core military and veteran student
populations, as well as the nursing and healthcare student
populations at Rasmussen University and Hondros College of Nursing.
"Educating service-minded students is the common thread that
knits together our shared mission, and we are excited to welcome
GSUSA's strong federal training capabilities to the APEI family,"
said APEI CEO Angela Selden. "We are
confident we can leverage our common values and deep expertise to
deliver superior customer experiences to our federal customers and
create further value for our shareholders."
The assets acquired from GSUSA – which delivers its training
both in-person and through virtual learning – will operate as a new
stand-alone unit of APEI and continue under the GSUSA name.
GSUSA serves the federal workforce through customized contract
training (B2G) to federal agencies and through open enrollment
(B2C) to government professionals. Its customers include over 100
government agencies such as the Department of Defense and many of
its branches; the Department of Homeland Security; Department of
Health and Human Services; Department of Interior; Department of
Justice; and the State Department.
GSUSA's training catalog features over 300 courses focused on
continuing federal professional development and leadership training
to advance the performance of government agencies through the
competency and career advancement of their employees. GSUSA has
trained tens of thousands of government employees in practice areas
like Federal Human Resources Management, Leadership, Federal
Financial Management, Communication and Professional Skills, and
Acquisition and Contracting through its short-form training
courses. In addition, GSUSA provides specialized leadership
training and practice management through its centers and training
institutes – the Center for Leadership and Management, the Federal
HR Center of Excellence®, and The Government Audit Training
Institute® (GATI).
About American Public Education
American Public Education, Inc. (Nasdaq: APEI)
educates the service minded student by providing career-focused
higher education and training that enable pathways to employment
and career advancement. APEI operates through four wholly owned
subsidiaries and delivers corporate businesses services to
each. American Public University System, which operates
through American Military University and American Public
University, is the leading educator to active-duty military and
veteran students and serves approximately 90,000 adult learners
worldwide. APUS is regularly cited as one of the most affordable
universities in the United States.
Rasmussen University is a 120-year-old institution that
serves approximately 16,900 students across its 23 campuses and
student service centers in six states and online. It is a Nursing
and Health Sciences-focused institution, also with schools of
Business, Technology, Design, Early Education and Justice Studies.
Hondros College of
Nursing "creates new nurses" by educating
pre-licensure nursing students at its six campuses in Ohio and one in Indiana and is the largest educator of PN
(LPN) Nurses in the state of Ohio
with approximately 2,300 students. Graduate School USA is a leading training provider to the
federal workforce with an extensive portfolio of government agency
customers. It serves the federal workforce through customized
contract training (B2G) to federal agencies and through open
enrollment (B2C) to government professionals. Both APUS and
Rasmussen are institutionally accredited by the Higher Learning
Commission with Open Pathway designation. Hondros is accredited by the Accrediting Bureau of
Health Education Schools. GSUSA is accredited by ACCET. For
additional information, visit www.apei.com.
Forward Looking Statements
Statements made in this press release regarding APEI or its
subsidiaries that are not historical facts are forward-looking
statements based on current expectations, assumptions, estimates
and projections about APEI and the industry. Forward-looking
statements can be identified by words such as "anticipate,"
"believe," "seek," "could," "estimate," "expect," "intend," "may,"
"plan," "should," "will" and "would." These forward-looking
statements include, without limitation, statements regarding
expected benefits of the acquisition of substantially all the
assets of GSUSA, expectations for the continued operations of
GSUSA, and plans with respect to recent, current and future
initiatives, including with respect to integration with APEI and
its other institutions.
Forward-looking statements are subject to risks and
uncertainties that could cause actual results to differ materially
from those expressed or implied by such statements. Such risks and
uncertainties include, among others, risks related to: the
integration of GSUSA into APEI, maintaining, developing and
expanding customer relationships, including GSUSA's relationships
with the federal government and its employees, the effects,
duration, and severity of and APEI's response to the COVID-19
pandemic; APEI's ability to effectively market its institutions'
programs; APEI's ability to maintain strong relationships with the
military and maintain enrollments from military students; APEI's
dependence on its technology infrastructure; strong competition in
the postsecondary education market and from non-traditional
offerings; and the various risks described in the "Risk Factors"
section and elsewhere in APEI's Annual Report on Form 10-K for the
year ended December 31, 2020,
Quarterly Report on Form 10-Q for the period ended September 30, 2021, and other filings with the
SEC. You should not place undue reliance on any forward-looking
statements. APEI undertakes no obligation to update publicly any
forward-looking statements for any reason, unless required by law,
even if new information becomes available or other events occur in
the future.
Contacts:
|
(Investors)
|
(Media)
|
Ryan Koren
|
Frank
Tutalo
|
American Public
Education, Inc.
|
American Public
Education, Inc.
|
AVP, Investor
Relations & Corporate Development
|
Director, Public
Relations
|
rkoren@apei.com
|
ftutalo@apei.com
|
610-428-7376
|
571-358-3042
|
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SOURCE American Public University System