Laureate

Baltimore-based Laureate Education to sell off South American universities, Walden University

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.



a man wearing glasses and a suit and tie: Baltimore, MD-11/14/17 - Eilif Serck-Hanssen is president and CEO of Laureate Education Inc.


© Amy Davis / Baltimore Sun/The Baltimore Sun/TNS
Baltimore, MD-11/14/17 – Eilif Serck-Hanssen is president and CEO of Laureate Education Inc.

The international higher education company said Sunday 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.

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In addition, the company announced Friday 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.

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