Altas Partners to acquire University of St. Augustine for $400m

Altas Partners has paid $400 million for the University of St. Augustine for Health Sciences, an academic institution that provides graduate health-science degree programs, primarily in the field of physical and occupational therapy.
The 39-year-old school, which offers classroom and distance training opportunities, has campuses in San Marcos, Calif.; St. Augustine and Miami, Fla.; and Austin, Texas.
The deal, expected to close in the fourth quarter, will transfer ownership of USAHS to Altas from Laureate Education, a global network of post-secondary institutions. Laureate acquired a majority interest in 2013.
USAHS is the third investment of Altas Partners Holdings LP, which raised $1 billion in 2016. The other acquisitions included Capital Vision Services, a manager of optometry practices bought in 2015 by a group led by Altas and Caisse de dépôt et placement du Québec, and PADI, a scuba diving trainer, purchased last year.
The firm’s other investments have included medical school St. Georges University and salt provider NSC Minerals.

Altas Partners to acquire University of St. Augustine for $400m
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