Baltimore-based Laureate Education to sell off South American universities, Walden University – The Baltimore Sun
Baltimore-based Laureate Education Inc. is selling off much of its higher education network in Latin America with the planned sale of universities in Brazil, and also is exiting the U.S. market with a sale of Walden University.
The international higher education company said Sunday that it has agreed to sell its Brazilian operations to Ser Educacional S.A., a Brazil-based network of educational institutions, in a deal valued at $724 million at the current exchange rate and share value.
In addition, the company announced Friday that it plans to sell Walden University, an online college considered a pioneer in distance learning that offers doctoral, master’s, bachelor’s and graduate certificate programs. Laureate plans to sell Walden, its only U.S. business, to Adtalem Global Education Inc. for $1.5 billion in cash.
It also announced the completion Friday of a sale of its Chilean institutions.