Saint Augustine’s University today announced that it will not move forward with plans to acquire Saint Paul’s College in Lawrenceville, VA. SAU had initially hinted in late 2012 that it would consider taking on Saint Paul’s, which was struggling with low enrollment and questions surrounding its accreditation.
“This was a very difficult decision to make. We explored several options to in an effort to make the acquisition viable for Saint Augustine’s University. However, after completing our due diligence, we concluded that the acquisition of Saint Paul’s College, at this time, would significantly challenge the fiscal stability of Saint Augustine’s University,” said Saint Augustine’s University president, Dianne Boardley Suber.”
Saint Paul’s will be able appeal to the Saint Augustine’s Board of Trustees at its meeting on May 31 to reconsider its decision.