Legacy Education Inc. Completes Acquisition of Contra Costa Medical Career College
December 18, 2024
LANCASTER, Calif., Dec. 18, 2024 /PRNewswire/ — Legacy Education Inc. (“Legacy Education” or the “Company”) (NYSE American: LGCY), a leader in career-focused educational services, is proud to announce the successful completion of its acquisition of Contra Costa Medical Career College (“CCMCC”), located in Antioch, California, pursuant to the execution of its previously announced asset purchase agreement (“APA”) on October 30, 2024 for a purchase price of $8,000,000. The purchase price is as follows: (i) $6,133,079.84 was paid at closing (which, pursuant to the APA was $6,600,000 as adjusted for the certain estimated closing capital as set forth in the APA), (ii) a promissory note in the principal amount of $400,000 was issued at closing and (iii) the Company issued 118,906 shares of its common stock equivalent to $1,000,000. The acquisition of CCMCC expands Legacy Education’s footprint to six campuses across California, further enhancing its ability to deliver high-quality allied health education in Northern California.
