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Thursday, July 10, 2025
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PHINMA unit completes acquisition of Cavite’s St. Jude College for P432m

PHINMA Corp. said Monday its education arm completed the acquisition of St. Jude College (SJC) in Dasmariñas, Cavite for P432 million.

PHINMA Education Holdings, Inc. (PEHI) acquired a 94.62-percent stake in SJC, marking the company’s entry into the Cavite market, the company said in a disclosure to the stock exchange.

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The acquisition will add 3,000 students to PEHI’s network.

SJC Dasmariñas, Cavite is PEHI’s tenth school in the Philippines and 12th in its regional network.

“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 PEHI country chief for the Philippines Happy Tan.

This is also PEHI’s first school acquisition since the closing of an P8.3-billion investment from global investor group led by KKR.

“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 PEHI president and chief executive Chito Salazar.

Established in 2004, PEHI started operating in the education services sector through the acquisition of PHINMA Araullo University in Nueva Ecija.

It has since expanded its presence across the Philippines, serving more than 150,000 students across a school network which includes PHINMA Cagayan de Oro College, PHINMA University of Pangasinan, PHINMA University of Iloilo, Southwestern University PHINMA in Cebu City, PHINMA St. Jude College in Manila and Quezon City, PHINMA Rizal College of Laguna, and PHINMA Union College of Laguna. It also aims to expand across Southeast Asia beginning with Horizon Education in Indonesia.

PEHI reported revenues of P4.71 billion in the first nine months of 2024, improving from P3.96 billion as of September 2023 on higher enrollment for the school year 2024-2025.

Net income attributable to shareholders of the parent also rose to P898.19 million.

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