Original sentence: According to a company filing, Kaplan will not be eligible for any reimbursement until the new university covered all operating costs and set aside $10 million in each of the first five years.In April 2017, Purdue University announced its plans to acquire Kaplan University with the goal of creating a new public university to expand access to higher education for working adults.Kaplan Inc.The acquisition was complete in March 2018 and the institution is now known as Purdue University Global.is under agreement to continue offering nonacademic support to the University for thirty years, with a six year buyout option
Edited sentence: Following several years of significant enrollment decline, Graham Holdings sold Kaplan University to the Purdue University system for one dollar in March 2018, who rebranded the institution as Purdue University Global.In April 2017, when Purdue University announced its plan to acquire Kaplan University with the goal of creating a new public university to expand access to higher education for working adults.In exchange, Purdue agreed to employ Kaplan, Inc.agreed to assume responsibility for liabilities resulting before the transaction.. According to the contract terms, Kaplan receives 12.5 percent of the university's revenue, as long as funds are available after all operating expenses and guaranteed payments to Purdue have been covered.as the exclusive provider of nonacademic functions for thirty years, with a six year buyout option, and Kaplan, Inc