Laureate closes $400 mln sale of USAHS to Altas Partners
Laureate Education Inc (Nasdaq: LAUR) has completed its sale of University of St. Augustine for Health Sciences (USAHS), a U.S. educator of healthcare practitioners, primarily in the field of physical and occupational therapy. The deal, announced last April, saw Laureate sell the school to Altas Partners, a Canadian long-term private equity firm, for US$400 million. The 40-year-old USAHS has campuses in San Marcos, California, St. Augustine and Miami, Florida, and Austin, Texas. Last year, Altas also invested in insurance brokerage Hub International and commercial-roofing contractor Tecta America.
6 February 2019•4 mins read
