PHINMA Education, one of the biggest private higher education networks in Southeast Asia, has acquired St. Jude College (SJC) Dasmariñas Cavite for a PHP 432 million ($7.43 million).
According to PHINMA Education, completing the deal, which goes into effect on Friday, will increase its school ownership to 94.62%. This also marks the company’s entry into the Cavite market, with 3,000 students joining its network, the largest in Southeast Asia’s private higher education sector in enrollment.
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According to the statement, this is PHINMA Education’s first school acquisition since the company was acquired by leading private equity firm KKR. The company also plans to expand throughout Southeast Asia, beginning with Horizon Education in Indonesia.
“SJC Dasmariñas Cavite continues our thrust to make education as accessible as possible to underserved youth, Our newest school expands PHINMA Education’s presence in Southern Luzon and nearby regions,” said Happy A. Tan, PHINMA Education Country Chief-Philippines.
“We will continue growing our network as we find more ways to reach learners that need education the most, The more students we can serve, the more individuals and families we will uplift through education,” said Dr. Chito B. Salazar, PHINMA Education President and Chief Executive Officer.
PHINMA Education is also expanding to provide education to countries across Southeast Asia. PHINMA Training Center Myanmar and PT Ind Phil Managemen (IPM) Indonesia are the first of its regional schools. PHINMA Ed employs a student-centric and communal mentorship approach to ensure that students are well-equipped to secure their future and contribute to the growth of their chosen industry.
About PHINMA Education
PHINMA Education is a mission-driven, for-profit institution that strives to make lives better by providing accessible and quality education to youth mostly from low-income families so they can empower themselves and their families to live a life that matters.
Since its inception in 2004, its growing roster of Philippine schools now includes Araullo University (Nueva Ecija), Cagayan de Oro College, University of Iloilo, University of Pangasinan, Southwestern University (Cebu), and St. Jude College (Manila).