ArkMaIibu Advises Hippo Education in its Sale to Perdoceo Education Corporation

Hippo Education Logo

Tuesday September 21st, 2021 – ArkMalibu is pleased to announce the sale of Hippo Education to Perdoceo Education Corporation. ArkMalibu served as the exclusive financial advisor to Hippo Education in the transaction. Pursuant to the terms of the acquisition agreement, the initial cash consideration of approximately $42.0 million was funded with Perdoceo’s available cash balances on the date of acquisition.

Founded in 2011 by Aaron Bright, Hippo Education is a medical education content producer and EdTech platform and one of the industry’s largest and most well-respected continuing medical education (CME) providers.

Hippo’s mission to empower the people of medicine to learn, grow, and thrive has led the Company on a journey to reshape how practitioners interact with and learn from one another through the entirety of their careers. It’s differentiated approach prioritizes authenticity, content quality and technology-forward product development, which has allowed Hippo to create unique educational experiences that garner industry leading engagement.

Hippo Education desired a partner that would allow them to reach their goals faster and support the innovation and growth necessary along the way. ArkMalibu worked with management to tailor the M&A search around finding a counterpart that would enthusiastically work with Hippo towards this vision by providing the relationships, capital, and administrative support needed to catapult the Hippo operation to its full potential.

Aaron Bright, Founder and CEO of Hippo Education, acknowledged the ArkMalibu team: “ArkMalibu helped us creatively unlock new areas of opportunity as a business, formalize our strategic growth plan, and successfully communicate the true potential of our company to the M&A marketplace. Their expert advice positioned Hippo for success when meeting with the many potential M&A partners they were able to attract. I believe their outside-of-the-box thinking, hardworking team, and ability to understand our nuanced industry created the best possible outcome for us and the clinicians that we will now be able to serve better than ever before. We are beyond excited about the results and our future path.”

Peter Kubasek, Partner at ArkMalibu, said: “We are thrilled that our team helped bring together two impressive organizations: Hippo Education and Perdoceo Education. We see a successful future ahead for the Hippo Education employees in partnering with Perdoceo and are confident thousands of medical professionals will be positively touched as a result. It is an honor to represent this mission-driven organization.”

About ArkMalibu

ArkMalibu is one of the only Mergers & Acquisitions advisory firms that focuses exclusively on sell-side transactions for business owners throughout the United States and internationally. ArkMalibu serves its privately owned clients based on its conflict-free market position, proprietary process, experience and creativity. ArkMalibu prides itself on guiding clients through unchartered M&A territory with experience, integrity, and confidentiality at every turn. ArkMalibu was named ACG Cincinnati Deal Maker of the Year in 2010 and 2018.

About Perdoceo Education Corporation

Perdoceo’s academic institutions offer a quality postsecondary education primarily online to a diverse student population, along with campus-based and blended learning programs. Perdoceo’s universities offer students industry-relevant and career-focused academic programs that are designed to meet the educational needs of today’s busy adults. Perdoceo is committed to providing quality education that closes the gap between learners who seek to advance their careers and employers needing a qualified workforce. For more information, please visit