Afya Limited Announces iClinic’s Acquisition
Afya Limited, or Afya (Nasdaq: AFYA) today announced the
acquisition of 100% of the total share capital of iClinic, through
its wholly-owned subsidiary Afya Participações S.A.
iClinic is a SaaS model physician focused technology company and
the leading practice management software in Brazil. They empower
doctors to be more independent and have more control over their
careers by digitalizing their daily routine, so they can increase
their productivity and deliver better healthcare.
Their portfolio includes:
- Electronic Medical Record: First electronic medical record as a
SaaS model in Brazil focused on the physician experience.
- Clinical Management System: with this software doctors can
schedule patients online, organize their financial records, use
market tools to promote their clinics and others.
- Telemedicine: platform to provide online consultations fully
integrated with doctor’s schedule and records
- Physicians Marketplace: website that connects doctors and
patients to schedule consultations.
"With the acquisition of iClinic to our platform, Afya is making
another step to become the one stop shop for physicians in Brazil.
Now besides medical and health education courses and a clinical
decisions app, we enter in a new segment that can help physicians
manage their clinics and provide a better service to their
patients,” said Virgílio Gibbon, Afya’s CEO.
"We founded iClinic to empower doctors with technology in their
managerial activities so they can improve their patient experience
and provide high quality healthcare to their patients,” said Felipe
Lourenço, iClinic’s CEO. “I am very excited to join Afya’s team so
we can work together to achieve the same goal.”
The net purchase price was R$182.7 million, of which: (i) 61.5%
was paid in cash, and (ii) 38.5% was paid in Afya’s stock.
Afya’s management team will host a conference call with
investors October 13, 2020, 11:00 am EDT.
Investors may listen to the conference call (ID: AFYA) by
dialing +1 (844) 204-8586 or +1 (412)-717-9627 for US Numbers and
(11) 3181-8565 for BR Numbers. A live and archived webcast of the
call will be available on the Events and Presentations section of
the Company’s website at https://ir.afya.com.br/.
Afya is a leading medical education group in Brazil based on
number of medical school seats, delivering an end-to-end
physician-centric ecosystem that serves and empowers students to be
lifelong medical learners from the moment they join us as medical
students through their medical residency preparation, graduation
program, and continuing medical education activities.
Contact: Investor Relations: firstname.lastname@example.org