Thread regarding American Public Education layoffs

$5 million plus in "synergies"

"Synergies"=layoffs?

"As we have become more familiar with the Rasmussen team, its leaders and the business, we are extremely pleased that the institution we are acquiring is not only as originally understood, but even better in many respects. We continue to explore synergy opportunities from the transaction. Our initial expectation of $5 million of synergies in the first 12 months following close now appears to be modest and we expect we should exceed that amount."

https://seekingalpha.com/article/4447507-american-public-education-inc-apei-ceo-angela-selden-on-q2-2021-results-earnings-call

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And another $5 million in synergies a year later...

"The nursing and healthcare institution's expected sales of ~275M will nearly double the total company's revenue while diversifying its student servings into approximately one-third military and veteran, one-third nursing, and one-third adult learners. The transaction is expected to deliver $5M costs savings in the first year, and $10M in the second and third years after closing."

https://seekingalpha.com/news/3737242-american-public-education-rises-after-rasmussen-university-acquisition

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Post ID: @poga+1clW5psa

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