John Wiley & Sons announced Tuesday it has signed a definitive agreement to acquire Learning House, a diversified education services provider headquartered in Louisville, Ky., from Weld North Holdings, according to StreetInsider.com.
Under the terms of the agreement, Learning House shareholders will receive $200 million in cash. The transaction is expected to close on or around Nov. 1, 2018, subject to customary closing and regulatory conditions.
Learning House provides online program management services for colleges and universities, including graduate and undergraduate programs; short courses, bootcamps, and other skills training and credentialing for students and professionals; pathway services for international students; professional development services for teachers; and learning solutions for corporate clients. Revenue for fiscal year 2018 (ending December 31) is forecast to be approximately $70 million, up 17 percent from the prior year.
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